Saturday, February 25, 2006

€2 billion in nano revenues for BASF

Franz Brandstetter, Head of Polymer Research and coordinator of the Growth Cluster Nanotechnology at BASF, recently spoke about the market potential of nanotech for his company with German business magazine Der Aktionär.

According to Brandstetter, BASF already reports revenues of about €2 billion a year for products containing nano particles or nanostructures and for applications that are explicitly based on nanotechnology. Brandstetter also predicts that BASF's revenues will grow to €50 billion annually in the next five years.

(Read the complete interview here.)