BASF posts $54m in sales

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)