Davis, Nigel
November 2009
ICIS Chemical Business;11/9/2009, Vol. 276 Issue 17, p15
Trade Publication
The article discusses BASF AG's growth amidst global economic crisis. Global economic contraction of 2.5% is expected by BASF in 2009. According to Jurgen Hambrecht, chief executive officer of BASF, the business has stabilized at a low level. In Europe, BASF's third-quarter sales were down 23% year on year. The company confirms that on a short-term basis, customers are still buying.


Related Articles

  • Where BASF goes, will other companies follow? O'Driscoll, Cath // European Chemical News;8/8/2005, Vol. 83 Issue 2159, p5 

    Reports on the outstanding half year performance of chemical company BASF in 2005. Ability of the company to beat its sales and earnings performance in 2003 and 2002; Efforts of the company to forego volume growth in favor of high prices according to chairman Jürgen Hambrecht; Overview of...

  • BASF shows strength in global crisis.  // Chemical Business;May2009, Vol. 23 Issue 5, p96 

    The article reports on the measures taken by BASF following a decline in business during the first quarter of 2009 amid the global crisis. It notes that sales dropped by 23% while income from operations or earnings before interest & taxes (EBIT) before special items also declined by 58%....

  • Providing financial benchmarks. White, Terry // International Cranes & Specialized Transport;Sep2009, Vol. 17 Issue 12, p53 

    The article presents the study "2009 Financial Benchmark Study," which gives emphasis on the aggregate responses of the companies' financial performance. Results show a financial snapshot of an industry rocked by the economic environment. It is then noted that to focus on the fundamentals of...

  • FIRMENICH REPORTS EARNINGS, SUSTAINABILITY.  // Cosmetic World;10/19/2009, Vol. 45 Issue 15, p244 

    The article provides information on the 2009 financial performance of Firmenich. The company's sales for the year ended June 30, 2009 dropped by 4.3 percent. Firmenich faced the challenges of the recession by focusing on innovation, filing 32 new patent applications for fragrance and flavor...

  • Building Global Value Chains with 138 offices in 74 countries. Kobayashi, Eizo // Forbes Asia;10/5/2009, Vol. 5 Issue 15, p19 

    The article focuses on the performance and vision of ITOCHU Corp. It states that despite the global economic downturn, ITOCHU reported the annual revenue of 36 billion dollars and a healthy balance sheet in 2008. It mentions that the company has identified China as one of the priority regions,...

  • London market - Still going strong. Essen, Yvette // Asia Insurance Review;Dec2009, p52 

    The article offers a comment from the author on the financial performance of Lloyds during the credit crisis in London. According to the author, Lloyd's is the potential winner of the credit crisis due to its security offered in its central fund, that pays claims to an affected organization, and...

  • Ferguson Sales Down 18.6% For Fiscal Year.  // Supply House Times;Oct2009, Vol. 52 Issue 8, p16 

    The article reports on the financial performance of Ferguson Enterprises Inc. in Virginia. Based on the annual report of its parent company Wolseley PLC for the fiscal year ending July 31, 2009, its revenues dropped to 18.6%, its branch count decreased by 154 and its employment reduced by 3,840....

  • After Half a Century, Target Is Still a Growth Company.  // MMR;5/14/2012, Vol. 29 Issue 8, p57 

    The article discusses the growth and expansion of Target Corp. in its 15 years of existence. It mentions that despite the global recession in 2008 and 2009, Target was able to maintain a positive financial performance with revenues posting a 3.3 percent annual growth rate. It states that Target...

  • CIT's Comeback Effort in Many Ways Relies on M&A. Fugazy, Danielle // American Banker;12/19/2011, Vol. 176 Issue 194, p2 

    The article focuses on the commercial lender CIT Group which filed for U.S. Chapter 11 bankruptcy in November 2009. CIT's successful reorganization and focus on growth are discussed. A brief overview of the corporate financial group's growth before the 2008 financial crisis is presented. CIT's...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics