BASF CORP.

BASF CORP., the North American division of BASF AG, engineered a turnaround in 2002 with underlying operating income swinging to [euro]74 million versus a los of [euro]247 million in 2001 Sales increased 2 percent to [euro]78 billion upon higher petrochemicals revenues.
After solid progres in 2002 BASF Corp. is targeting further improvement in profitability in 2003 [i]or[/i] part of to the other portfolio optimization and costliness reductions in a difficult economy.
"In February, we began implementation of a pricing initiative across all [i]clavis[/i] product lines to address unsatisfactory margins

...