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BASF reported Q1 as a strong start of 2010

April 30/2010

(BASF) --  BASFs business continued to develop favorably in the first quarter of 2010. In conjunction with the recovery of the economy and some restocking of inventories by customers, demand has risen strongly in almost all divisions. At the same time, some chemical products were in short supply. Thanks to these improvements in the market environment, sales increased by 26% to ?15.5 billion.

 

Income from operations before special items rose by 98% to ?1.95 billion, primarily as a result of higher capacity utilization. Earnings improved significantly in almost all divisions. Measures to reduce costs and increase efficiency, as well as synergies from the Ciba integration, also contributed to improved earnings. Sales and earnings increased further compared with the fourth quarter of 2009.

 

BASFs Chairman overall sees the further development of 2010 positively. However, he points out that the recovery remains shaky. Risks result mainly from the continuing financial and debt crisis, which is intensifying in some areas, the winding down of national stimulus programs, volatile raw materials markets, excess capacities, growing geopolitical tensions, and protectionism.

 

mrcplast.com

BASF reported Q1 as a strong start of 2010

MRC Reference

 

BASF. The share in the Russian market in 2008:
 PS - 9.1% (GPPS - 5.9%, ABS - 11.4%, EPS - 10.6%).

 

Annual sales growth in Russia over the 5 years:
 PS - 15%.

 

Imports by polymers processing technologies:
 foaming;
 injection molding.


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