Business news from Ukraine


6 April , 2017  

KYIV. April 6 (Interfax-Ukraine) – Chemical concern BASF saw a 12% rise in sales in Ukraine.
“BASF in Ukraine increased sales by 12% last year. The key business segments showed growth of over 10%. This is linked to general development of sectors and the launch of several partner projects with leading Ukrainian companies,” BASF Managing Director in Ukraine Andreas Lier said at a press conference in Kyiv on Wednesday.
He said that in 2016 the project on fortification of sunflower oil (adding fortified vitamin A) was realized with two Ukrainian producers and exporters. This helped the companies to enter Asian and African markets.
Another project realized by BASF in Ukraine was designing of BASF solution for the largest refrigerator manufacturer in Ukraine. The project helped to create products not using Ozone Depleting Substances (ODS).
Lier said that last year BASF business in Lviv, Ivano-Frankivsk, Ternopil, Vinnytsia and Kyiv regions expanded within 15-20%.
“If social and economic development resumes, in particular, growth of the key economic sectors for the company, BASF in Ukraine would be able to reach the same growth in 2017 or even improve its results,” he said.
The managing director said that BASF in Ukraine supports companies in certification of products, facilitation of access to new markets and cooperates with associations in drafting legislation.
BASF is the largest chemical company in the world with six integrated production platforms and 352 production facilities all over the world. The company’s portfolio is organized into five segments: chemicals, performance products, functional materials & solutions, agricultural solutions and oil & gas.