In it for the long haul

“You cannot get nervous because now we have a market slowdown, global disruptions from trade and the auto industry having negative growth. To invest in a site like this you have to believe long term in the market fundamentals”


BASF boss Martin Brudermüller speaks to the Financial Times after breaking ground on the German multinational’s $10 billion petrochemical plant in Guangdong. It is the first of its kind to be wholly-owned by a foreign firm. BASF estimates China will account for 50% of global chemical demand by 2030, up from 40% today.

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