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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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Graco Inc., Minneapolis/Minnesota, USA is to consolidate its Gusmer spray equipment business into its Minneapolis and Sioux Falls, South Dakota operations.

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Degussa AG, Düsseldorf, Germany, is to take over worldwide sales and technical service activities for triethylene diamine (TEDA) polyurethane foam catalysts produced by BASF AG, Ludwigshafen, Germany.

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Efforts in Europe and North America to establish new disposal routes for polyurethane waste will feature prominently at the Polyurethanes 2005 Technical Conference & Trade Fair, according to event sponsor the Alliance for the Polyurethanes Industry (API) Arlington/Virginia, USA.

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From I & J Fisnar, Fair Lawn, NJ, USA, there are new gantry-cartesian dispensing robots available with working areas up to 32” x 24” and high speed movement up to 800 mm/sec.

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The German Plastics and Rubber Machinery Association (VDMA) has presented its sales figures for 2004.

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