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03. August 2005

BASF strong earnings

BASF posted very strong earnings in the second quarter of 2005. Sales rose 14 percent to €10.6 billion compared with the second quarter of 2004; income from operations (EBIT) before special items climbed 31 percent to €1.7 billion. Cumulative sales in the first half of 2005 amounted to €20.7 billion, or almost 13 percent more than in the same period of the previous year. In the first half, BASF increased EBIT before special items by 32 percent to €3.2 billion compared with 2004.

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Noveon has started up of its new TPU (thermoplastic polyurethane) plant near Shanghai, China.

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