Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
    • UTECH Europe 2021
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
February 21, 2008 12:00 AM

Sales at Elastogran grow 5 percent in 2007

Utech Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Lemfoerde, Germany - Elastogran Group raised its sales volumes by about 5 percent in 2007 compared to the previous year, while consolidated net sales rose by about seven percent to Euro 2200 million, said the BASF subsidiary in a 21 Feb results statement.

    Profits also rose slightly, while Elastogran's expenditures on research and development grew considerably compared to the previous year. Investments in tangible assets decreased after the completion of a number of major projects, said the Lemfoerde-based group.

    The polyurethane systems subsidiary of chemicals giant BASF experienced a renewed increase in net sales, sales volume and income before tax, "despite heavy pressure from the competition and peak prices for raw materials," said the group.

    All three business segments in which it operates - polyurethane systems, basic products or special elastomers - contributed to Elastogran's good figures.

    Each segment registered record figures or high growth rates, "solidifying the company's market leadership in specific industry sectors," the company commented.

    At the end of 2007, Elastogran employed 1741 staff in its 12 system houses in the European Economic Area (previous year 1719). The increase comes from Elastogran's addition of well-known Dutch polyurethane System House, Polymer Chemical Company BV, which has been operating as Elastogran BV since 1 Oct 2007.

    Outside Germany, Elastogran companies grew from 507 to 537 employees. At its headquarters in Lemfoerde, Elastogran employs 1204, a figure which has remained stable, while trainees rose from 46 to 50.

    "

    Recommended for You
    gng group mattress factory normanton 800
    GNG Group opens new UK mattress factory
    FRX flame retardant makes it into more cars
    FRX flame retardant makes it into more cars
    basf madgamma concept shoe 800
    BASF and Maddy Plant create sustainable concept shoe
    Latest Issue
    Urethanes Technology International June/July 2022
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
      • UTECH Europe 2021
    • Advertise
    • Contact Us
    • Issues
    • Subscribe