BASF stepped up the implementation of investment p

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BASF stepped up the implementation of investment projects in China

BASF stepped up the implementation of investment projects in China

April 11, 2003

revenue growth and orders increased. In the first quarter of this year, BASF changed last year's decline in the Asia Pacific region, showing a trend of continuous growth. The company's East Asian executives said they would step up the implementation of China's investment projects

Asia will become the fastest growing polyurethane market in the world. China will remain the world's fastest-growing large economy. BASF's focus in China in 2002 was to implement three major projects: first, the Shanghai Caojing m

di/TDI project with a total investment of 1billion euros, which is expected to obtain a business license in the third quarter of this year; Second, the poly

tetrahydrofuran project with an annual output of 60000 tons and the tetrahydrofuran project with an annual output of 80000 tons, which is a wholly-owned project of BASF in Caojing, Shanghai. After the completion of the project in 2004, it will become the largest tetrahydrofuran production plant in the world; Third, the Nanjing integrated petrochemical project with a total investment of 2.6 billion euros has entered the piling stage

in the first quarter of 2002, all parts of BASF's revenue were positive. Net sales in the Asia Pacific region reached 1.2 billion euro

yuan, an increase of 3.6% year-on-year; The operating revenue was 29 million euros, a year-on-year increase of 93.3%. This exciting number means that BASF's business income has shown a trend of growth. In addition, BASF also saw signs from the order that anti

bombs are expected to help improve the use of carbon fiber plastic polymers

in 2001, BASF failed to achieve its target of 10% growth in operating revenue. The net sales volume of Asia Pacific region was 3.49 billion euros, an increase of 9.8% over the previous year; The annual operating income was negative 28million euros, a decrease of

117.4% over the previous year

Dr. Ni Xuande, President of BASF East Asia, believes that it is still a difficult year for the global industry to significantly change the wear resistance of aluminum alloy for two years. At present, the European, American and German economies have not made the jaws symmetrically clamp the samples out of the shadow of recession as required. However, the Asian chemical market is expected to grow strongly in the next few years. Almost all experts predict that the average annual economic growth rate of Asia except Japan will reach

6.5% in the next few years. He said: "BASF is building the most advanced production plant in China and Asia for interior insulation in roofing, ground and basement wall covering, so as to stabilize our position in this dynamic market."

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