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BASF on Track with Integration of Cognis

One-time integration costs of �290 million expected

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By: DAVID SAVASTANO

Editor, Ink World Magazine

BASF announced its integration plans for Cognis. BASF expects to achieve an additional EBIT of €275 million (10.6% of Cognis’ 2009 net sales) through the integration. This consists of growth synergy targets to generate an additional EBIT of €135 million by 2015 and cost synergies of around €140 million which will be achieved by the end of 2013. To achieve the growth targets, 230 additional jobs will be created worldwide, mainly in the Care Chemicals division. At the same time, BASF plans to red...

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