BASF plans to make a larger acquisition in Asia

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Martin brudermueller, head of the Asian business of BASF, a German chemical giant, told the media that BASF was looking for a larger acquisition in Asia to help more than double the revenue in Asia by 2020

Martin brudermueller reported to Frankfurt, Germany on Thursday that the acquisition target may be enterprises with annual revenue of more than 100million euros

"we have some successful experience in small acquisitions before. We are also willing to make larger acquisitions now, and we are looking for win-win cooperation." The report quoted him as saying

BASF and Sinopec began to expand the plant in Nanjing in September 2009, spending $1.4 billion to build a new plant and upgrade equipment

Brudermueller said BASF was also considering expanding its business in India, as well as the selection of 2.2 a/d converters and the design of peripheral circuits in a joint venture with Petronas

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