Basf Ceo: China Investment Pays Off Later than Planned
13 Articles
13 Articles
In just a few days, the chemical giant BASF will be opening its new location in China. The Dax Group has invested 8.7 billion euros. However, the success is expected to take place later.
BASF has built a new plant in the Far East for nine billion euros. Now the Chinese economy is growing slower. What does CEO Markus Kamieth say about this?
Despite fierce criticism, BASF has established a new location in China. Now, CEO Kamieth acknowledges that the investment will pay off much later than planned.
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In just a few days, the chemical giant will be opening its new location in China, while the Dax Group has invested 8.7 billion euros. However, success will probably only take place later.
Shortly before the opening of a new chemical plant in China, BASF CEO Markus Kamieth admits: The billion-dollar investment will only pay off for the company later than planned - due to an "oversupplied market".
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