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Elastogran's sales up 5 percent in 2007.(europe newslines)(Financial report)(Brief article)
- Article from:
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Urethanes Technology International
- Article date:
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April 1, 2008
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[ILLUSTRATION OMITTED]
Lemforde, Germany -- Elastogran Group raised its sales volumes by about 5 percent in 2007 compared to the previous year, while consolidated net sales rose by about 7 percent to 2200 million [euro], said the BASF unit, in a 21 Feb results statement.
Profits also rose slightly, while Elastogran's expenditures on research and development grew considerably compared to the previous year. Investments in tangible assets decreased after the completion of a number of major projects, said the Lemforde-based group.
The polyurethane systems subsidiary of BASF experienced a renewed increase in net sales, sales volume and income before tax, "despite heavy ...