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June 25th, 2007
BASF to invest €10.7bn over four years
BASF plans to invest €10.7 billion over the next four years to help drive sales growth faster than the market's, even if it means a fall in profits, the company said today.
The €10.7 billion in planned investments include a total of over €900 million on research and development until 2008 in a programme that started in 2006. Its R&D focus is on the five growth areas of energy management, nanotechnology, industrial biotechnology, plant biotechnology and raw material change, BASF said.
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