BASF's Zhanjiang Site Seen Generating Up to $5 Billion in Annual Sales
27 Septiembre 2021 - 5:57AM
Noticias Dow Jones
By Olaf Ridder
BASF SE said Monday that its site under construction in southern
China is expected to deliver annual sales of 4 billion to 5 billion
euros ($4.69 billion to $5.86 billion) by 2030.
The German chemicals company said it is targeting a contribution
in earnings before interest, taxes, depreciation, and amortization
of EUR1.0 billion to EUR1.2 billion from its integrated Verbund
site in Zhanjiang.
The project, costing EUR8 billion to EUR10 billion, is the
second major Verbund site in China. Unlike BASF's site in Nanjing,
which it operates with China's Sinopec Corp., the facilities in
Zhanjiang belong to BASF alone.
BASF added that it expects just over two-thirds of the world's
chemical production to take place in China by 2030.
Write to Olaf Ridder at olaf.ridder@wsj.com
(END) Dow Jones Newswires
September 27, 2021 06:42 ET (10:42 GMT)
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