IHS Chemical Week

BASF raises 2020 crop protection sales targets, ups investments

11:06 AM MDT | October 2, 2013

BASF has raised its 2020 crop protection sales targets to €8 billion ($10.8 billion) from the previously announced €6 billion, which it now hopes to reach by 2015, the company announced today. Speaking at a press briefing at the company’s crop protection headquarters in Limburgerhof, Germany, Markus Heldt, president/crop protection at BASF, said that these targets will be achieved through organic growth, including higher capital expenditure (capex), raised peak sales potential from its R&D pipeline, and increased sales in emerging markets. “To support...

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