SOURCE: Industrial Info Resources

Industrial Info Resources

May 09, 2011 06:15 ET

BASF Strengthens Earnings on Increasingly Strong Global Sales, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 9, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- On Friday, global chemical giant BASF SE (PINK:BASFY) (Ludwigshafen, Germany) announced earnings results for the first quarter of the company's 2011 fiscal year. As the global economy continues to strengthen, BASF's sales and earnings have continued to increase. The company's sales were up 25% the first quarter of 2010.

Industrial Info is tracking nearly $7 billion in active BASF projects across the world. The company is continuing investment in its facility in Geismar, Louisiana, and is in the planning stages for a formic acid unit addition to increase production capacity. Information on this and other BASF projects can be found in Industrial Info's North American Project Database.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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