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BASF achieves a leap of earnings

July 30/2010

(prw) -- BASF has achieved “a leap in earnings” due in part to recent organisational changes but also to improving market conditions, especially in the US and Asia. The German chemicals giant said earnings before tax and interest rose by 94% to €2.20bn in the second quarter, beating market expectations.

BASF’s performance is in line with the results reported by both DuPont and Akzo Nobel, indicating that the materials sector is benefitting from a rapidly improving market.

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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MRC prepares professional reports on markets of Russia, Ukraine and the CIS countries. We are specialists in marketing research of the markets of polymers (polyethylene, polypropylene, polystyrene, PVC and PET), pigments, fillers, polymer pipes, profiles, panels, car tyres, films, packaging and a number of consumer goods.
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