BASF stays cutting-edge to expand

Chynoweth, Emma
November 2006
ICIS Chemical Business;11/27/2006, Vol. 1 Issue 45, p34
Trade Publication
This article looks at the long-term growth prospects for new or improved products and applications from BASF. According to the firm, up to 20% of the sum will be in additional sales, and not those generated by replacing existing products. Sales from product innovations are set to increase to more than €5 billion in 2015. BASF'S research and development spend in 2006 will be almost €1.3 billion-- 20% more than 2005. A further increase in expenditure to €1.4 billion is planned for 2007.


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