Ludwigshafen, Germany – BASF’s functional materials and solutions segment achieved sales of EUR 4.9bn ($5.3bn) during Q2 2015.
The segment, which heads up the firm’s performance materials arm, achieved a 9% increase on Q2 2014 sales, according to the company’s conference call.
Polyurethanes, thermoplastics, foams – both specialty and standard, engineered plastics and epoxy resin - are sold out of the performance materials arm. That division’s sales reached EUR 1.7bn during the quarter – a 5% increase on sales recorded in Q2 2014.
BASF’s chemicals segment – from which the firm’s MDI and TDI, monomers, are sold – reported sales of EUR 3.9bn for Q2 2014, an 8% hike on Q2 2014.
XE Currency conversion: 1 US$ = EUR 0.912