Pharma Industry
Industry: Email Alert RSS FeedBASF Outlines Growth Strategy In Major Markets.
Chemical Market Reporter, August, 2000 by MILMO, SEAN
The company will focus on health and nutrition following acquisitions. BASF POSTED record sales during its fiscal second quarter, mainly because of the strong performance of its cyclical and commodity products. But because of a refocusing of the company's business portfolio, non-cyclical operations will soon account for around 60 percent of the company's sales.
"We will continue to expand our businesses in cyclically resilient market sectors [while building] a position as [a] cost and market leader to increase the profitability of our cyclical business," Jurgen Strube told a London press conference last week. The company plans to continue increasing the proportion of sales and profits derived from its health and nutrition division, which...
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