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BASF Reports Strong Results as Kurt Bock Takes the Helm

3:24 PM MDT | May 16, 2011 | —NATASHA ALPEROWICZ

Handing over: Kurt Bock (r.) is BASF’s new number one. BASF reported a “powerful start to 2011” with first-quarter Ebitda advancing 28% compared with the prior-year period, to €3.4 billion ($4.98 billion), on sales 25% higher at €19.4 billion. Capacity utilization rates were “good” and, in particular, demand in the chemicals business—including chemicals, plastics, performance products, and functional solutions—increased compared with the same quarter of the previous year, the company says. The Cognis business...

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