10 March 2009 17:02 [Source: ICIS news]
LONDON (ICIS news)--BASF´s crop-protection pipeline active ingredients are worth 17% more than last year at €2.1bn ($2.7bn), the value boosted by increased potential sales of formulations containing two blockbuster products, the chemicals group said on Tuesday.
“New uses for our blockbusters boscalid and the success of F 500 in the new plant health segment as well as exciting development projects have helped boost the value of our pipeline beyond expectations,” Peter Eckes, head of Research and Development at BASF´s Crop Protection division, said.
The peak sales potential of F 500 has increased to €700m from €500m as it is used in plant health applications. Boscalid use is being extended from fruit and vegetables to cereals and oilseeds, lifting potential sales to €250m from €200m. BASF is adding more production capacity for both chemicals.
BASF said it has in development two fungicides, one herbicide, an insecticide and two herbicide tolerance projects with a combined peak sales potential of €700m.
($1 = €0.79)
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