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Headquarters of the BASF Group - Ludwigshafen

BASF not expecting demand upturn in fourth quarter

(adds chairman Q4 outlook and segment financials)

LONDON (ICIS)--BASF does not expect an upturn in demand in the fourth quarter of 2014, Kurt Bock, chairman of the Germany-based producer said on Friday in the group's interim report telephone conference.

He added the company has cut its 2014 chemicals production forecasts to 4.0% from 4.4%; and reduced global GDP growth predictions to 2.3% from a previously expected 2.5%.

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