BASF expects increased volumes despite volatile market
26/02/2016
Chairman Dr Kurt Bock said: “Over the course of the year, global economic growth slowed significantly. In this economic environment, we have taken decisive measures: We have significantly reduced our inventories, strengthened our cost management and pruned our portfolio.”
Volumes in the chemicals business, which comprises the leather chemicals, were flat against last year.
Bock: “The turbulent start to the year on the raw material and stock markets shows just how many uncertainties there are in an outlook for 2016. The year has begun subdued, mainly due to a weak volume development in China. Nonetheless, in 2016 we still expect the global economy to grow at about the same rate as in 2015.”
“Risks continue to rise for the global economy. We nevertheless aim to raise sales volumes in all segments,” the company added.
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