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BASF to Double Construction Chemical Sales

9:56 AM MDT | June 20, 2007 | Kerri Walsh

BASF says it plans to double annual sales of its construction chemicals business, to about €4 billion ($5.3 billion) by 2015. BASF says it plans to reach its goal by transferring technologies that have proven successful in one region, to other regions; through R&D; and by investing in emerging markets. The construction chemicals market is valued at €29 billion/year, and growing at 4%-5%/year, says Andreas Kreimeyer, board member with responsibility for BASF’s performance products segment, which includes construction chemicals. BASF’s...

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