BASF keeps R&D spending at high level

• Publisher: Elsevier Science
• Year: 2010
• Weight: 61 KB
• Volume: 2010
• Category: Article
• ISSN: 1351-4180
• DOI: 10.1016/s1351-4180(10)70054-4

✦ Synopsis

BASF keeps R&D spending at high level

In 2010 BASF again intends to maintain its research budget at the previous years' high level, with an overall target of €1.38 bn. In 2009 BASF's research allocations reached almost €1.4 bn (compared with €1.35 bn in 2008). The group believes that only with a continuous flow of innovations will it continue to achieve above-market organic growth, and states that continuity of research strategy is important both in good times and also in times of crisis.