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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

BASF Outlines 2020 Targets Including 80% Sales Rise

6:05 AM MST | December 9, 2011 | —NATASHA ALPEROWICZ

Looking to the future: Engel (l), Bock (center), Brudermüller (r) announce targets. BASF has unveiled a 2020 sales target of €115 billion ($153 billion), up 80% from 2010 levels, including acquisitions. The strategy will focus on developing more sustainable products and expanding in emerging markets, which are part of BASF’s efforts to make a “significant contribution to meeting the needs of a growing world population,” chairman Kurt Bock says. The company’s Ebitda is set to double, to €23 billion in 2020, up from €11.1...

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