Core Viewpoint - BASF SE (BASFY) is exiting the hydrosulfites business and closing the Ludwigshafen production facility as part of a strategic review to optimize its production setup [1][3][7] Group 1: Business Strategy - The decision to phase out the supply of various hydrosulfites reflects BASF's commitment to long-term growth and value creation potential [2] - The closure of the Ludwigshafen facility is part of a broader strategy to streamline operations and optimize the company's portfolio, focusing on profitability and long-term value creation [3][7] Group 2: Employee Impact - Approximately 65 employees currently working in the hydrosulfites business will receive support in finding new positions within the BASF Group during the transition [2][7] Group 3: Market Performance - BASFY's shares have declined by 5.3% over the past year, while the industry has experienced a larger decline of 27.3% [3]