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BASFs business stabilising at a relatively low level in Q3

November 02/2009

November 02 ( -- Business is stabilising at a relatively low level, BASF (Ludwigshafen / Germany) said in its report on Q3. EBIT before special items, although up 9% against Q2, was down 20% against the 2008 period. Group sales, at EUR 12.8 bn, were 19% lower year-on-year. 

Thanks to cost-cutting, EBIT of the Plastics segment was down only 9% to EUR 216m, despite a 20% drop in sales to EUR 1.97m. Margins on Performance Polymers (engineering thermoplastics) improved, despite 23% lower sales. Polyurethanes margins receded on lower selling prices. Profitability of the styrenics business, held separately and still up for sale, improved.                  

       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:
 injection molding.

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