BASF posts $54m in sales

JAKARTA (JP): BASF Indonesia booked Rp 463 billion (US$54.4 million) in total sales for 1997, an increase of 15 percent from 1996.

The company, however, did not provide any other income figures.

The company's chief executive officer, Danny Jozal, said in a statement that BASF's commitment in Indonesia would remain unchanged despite the country's economic turmoil.

Currently, BASF Indonesia supplies polymer dispersions and process chemicals to the paper, textile and leather industries in Indonesia and neighboring countries.

BASF Indonesia is a subsidiary of transnational chemical producer BASF Aktiengesellschaft in Germany. (rid)