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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
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 companyâ€™s core plastics portfolio will generate global growth of 5%-6%/year. â€śBASF will in addition grow at 2% above the market,â€ť said Martin BrudermĂĽller, board member and deputy chairman-elect at BASF, at a recent pre-K plastics show press briefing, held at Frankenthal, Germany. BASFâ€™s plastics sales declined 20% last year to â‚¬7.1 billion ($8.6 billion), due mainly to the economic crisis, but income from operations, at â‚¬554 million, was slightly higher than in the preceding...
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