BASF Annual Meeting 2011 - last speech from CEO Dr. Juergen Hambrecht

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BASF has had a powerful start to 2011. Capacity utilization rates in the company's plants were good; in particular, demand in the chemicals business (Chemicals, Plastics, Performance Products, Functional Solutions) increased compared with the same quarter of the previous year. Sales grew by 25% to €19.4 billion. The Cognis businesses acquired in December 2010 made a significant contribution to this substantial sales growth. The earthquake off the coast of Japan and its aftermath as well as the tense political situation in North Africa have not yet had a significant impact on BASF's business.

Effective at the end of the Annual Meeting on May 6, 2011, Dr. Kurt Bock (right) becomes the new Chairman of the Board of Executive Directors of BASF SE. He succeeds Dr. Juergen Hambrecht, who has been Chairman since 2003 and is now retiring.

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