BASF (BASFY) to Stop Glufosinate-Ammonium Production at 2 Sites

BASF SE (BASFY) intends to end production of the active ingredient glufosinate-ammonium (GA) at its Knapsack and Frankfurt locations in Germany by the end of 2024, owing to economic considerations. The GA formulation in Frankfurt will conclude in 2025. Following that, both production facilities will be shut down. Glufosinate-ammonium remains an important part of BASF's global herbicide portfolio. Image Source: Zacks Investment Research Shares of BASFY have lost 5.2% over the past year compared with an 13.5% ...