BASF demonstrates renewed strength in North America
Savings goal of $400 million achieved ahead of schedule
"As a result of our ambitious restructuring program, strong organic growth and our recent acquisitions, BASF is demonstrating renewed strength in North America," said Klaus Peter Löbbe, member of the Board of Executive Directors of BASF Aktiengesellschaft responsible for North America. "In this region, BASF is now the second largest chemical company in terms of sales and has improved its profitability over the last five years significantly. The integration of Engelhard, Degussa Construction Chemicals and Johnson Polymer is proceeding smoothly and according to schedule. Our new businesses will help us grow faster than the market, reduce our earnings cyclicality and supplement our product offerings to help our customers to be more successful. Thus, I am confident that BASF has a bright future in North America."
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