BASF plans to invest a total of EUR 6 billion in capital expenditures, modernization and plant maintenance at its Ludwigshafen site by 2009. This corresponds to an average of EUR 1.2 billion per year. In addition, EUR 700 million will be spent on research and development of modern processes and innovative products. This was announced with the signing of an agreement between BASF’s management and its workforce, âStability through Changeâ?.
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