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BASF CEO: China Lull is Big Surprise

Thu 26 Jul 12 | 04:10 AM ET
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BASF CEO: China Lull is Big Surprise

Thu 26 Jul 12 | 04:10 AM ET
Kurt Bock, CEO of BASF the German chemical company, told CNBC, "The big surprise this year was China and Asia, we had a weak fourth quarter and then Q1 for our business sales were below last year¿s level and that continued into the second quarter and that is something we haven't seen before obviously and leads us to expect that demand will probably be pretty flat."
 
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