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Chemical Week Magazine :: Cover Story
The Billion-Dollar Club
European Currencies Prove Their Weight
11:37 AM MDT | September 26, 2008 | Kerri Walsh
BASF for the second year in a row sits atop the Billion-Dollar Club, CW’s annual ranking of companies by chemical sales. BASF reported 2007 chemical revenues up 13%, to $64.6 billion. Dow Chemical hung on to second place with sales up 9%, to $53.5 billion. BASF is pulling away from the pack, however. The company’s sales were 5% greater than Dow’s last year, but are 21% above Dow’s in this year’s table. Acquisitions made in 2006 and 2007 as well as the impact of favorable currency exchange rates helped BASF retain its top spot. Ineos...
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