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BASF prepares to make a bid for Cognis

Publisher
Elsevier Science
Year
2010
Weight
62 KB
Volume
2010
Category
Article
ISSN
1351-4210

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โœฆ Synopsis

net sales of โ‚ฌ245 M (โ‚ฌ209 M for its 1Q 2009) and recurring EBITDA of โ‚ฌ38 M (โ‚ฌ14 M). Novecare reported significant improvement in profit driven by increased activity (volumes up by 18% year-on-year) across all regions, particularly in Asia. Volumes in the Industrial and the Agrochemical markets enjoyed a strong recovery. The Oilfield chemicals business is progressively recovering quarter after quarter. In 2Q 2010, Novecare should continue to deliver good performance.

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