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December 18th, 2006

BASF's Smaller Focus

In March, BASF (NYSE: BF) announced that it was making a $220 million investment in nanotechnology because it believed that the field would generate between $61 billion and $74 billion in new products and services within the next five years. In November, the large chemical manufacturer announced that it intended to derive an additional $5 billion in revenues from existing products due, in part, to its research in nanotechnology. In both cases, though, the company was short on offering specifics.

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