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BASF PU business continues advance

By Patrick Raleigh, UT On-line/news editorLudwigshafen, Germany-BASF AG’s Polyurethanes division posted an 8.1-percent year-on-year rise in first quarter sales to Euro776 million, helped, it said, by volume increases in all global regions. Sales developed particularly well in Asia, but also grew in Europe. In the NAFTA region, however, the weak dollar offset significantly higher sales volumes of basic products, BASF reported 29 April. Polyurethane earnings improved despite high raw materials costs thanks to the improvement in volumes, BASF also stated. The group does not report earnings data for the division.BASF’s PU business is positioned with a Plastics segment which also includes styrenic and engeering plastics and fibre intermediates. The segment reported first quarter earnings of Euro265 million, 15 percent high than the same period last year.”

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