BASF Polska plans to boost its sales by 50% over five years

In 2004 the turnover of the domestic subsidiary amounted to zł.1.19 billion. The target is to be achieved through organic growth chiefly within the automotive and construction sectors, and without any major investments. "The higher revenues will be a result of more imports, mainly from our plants in Germany, increasing the production capacity of our plant in Kutno, as well as strengthening our ties with our customers," revealed BASF Polska president, Torsten Penkuhn. Despite the fact that the company is not officially planning any takeovers or acquisitions in Poland, company representatives claim to be monitoring the market and declined from answering when asked whether BASF was invited by Nafta Polska to take part in the privatization of the domestic chemical sector. (Puls Biznesu, pp. 1, 10) A.K.