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BASF Upbeat on Plastics; China Boosts Growth

8:18 AM MDT | June 25, 2010 | natasha alperowicz in Frankenthal

BASF is upbeat about prospects for the plastics industry and says that the company’s core plastics portfolio will generate global growth of 5%-6%/year. “BASF will in addition grow at 2% above the market,” said Martin Brudermüller, board member and deputy chairman-elect at BASF, at a recent pre-K plastics show press briefing, held at Frankenthal, Germany. BASF’s plastics sales declined 20% last year to €7.1 billion ($8.6 billion), due mainly to the economic crisis, but income from operations, at €554 million, was slightly higher than in the preceding...

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