The BASF is a chemicals’ maker which produces nearly a “quarter of its sales in North America”, whereby it has come out with a warning that “investment sector” could face the heat of the “tax reforms” in the U.S. amid the “already elevated” costs levels.
In the words of the chief executive of BASF, Kurt Bock:
“Will it automatically lead to more investments? That depends on a number of factors such as the market development, investment costs and available capacity to carry out investments”.
“The specific investment costs in the U.S. are already at the highest level globally, and it is at times difficult to carry out investments on time and on budget.”
References:
reuters.com
In the words of the chief executive of BASF, Kurt Bock:
“Will it automatically lead to more investments? That depends on a number of factors such as the market development, investment costs and available capacity to carry out investments”.
“The specific investment costs in the U.S. are already at the highest level globally, and it is at times difficult to carry out investments on time and on budget.”
References:
reuters.com