BASF to outpace expected 5 percent annual growth in plastics market

BASF SE, the world’s biggest chemical company, said it plans to outpace the expected 5 percent annual growth in the global plastics market by boosting operations in Asia. BASF’s plastics division will report higher sales and a “significant” improvement in earnings in 2010, board member Martin Brudermueller reiterated at a press conference in Frankenthal, Germany. Demand in Asia will grow at 6 percent a year through 2015, he said.