BASF, the world leading chemical company released its 2009 annual financial report of great China area. According to the report, the company will invest over 2 billion Euros in China from 2009 to 2013. What's more, it will set its Asian research base in Shanghai.
In 2009, China became BASF's third largest market after Germany and U.S. The annual sale in great China area reaches 4.1 billion Euros with the average annual growth of over 20%. Although its global business was influenced by world economy crisis, China market became its growth engine. As a result, it will increase its investment in China. It is learned that BASF has already had many production bases in Shanghai. In 2009, it established its chemistry building materials center and painting technique center in Shanghai.
As a chemical giant, BASF's annual global sales reached 50.7 billion Euros in 2009. Its business covers crude oil, natural gas, chemistry products and plastics and so on.
