Boss Brudermüller in an interview about China as a growth market

Ludwigshafen BASF boss Martin Brudermüller continues to trust in China as an attractive growth market and at the same time calls for accelerated structural change in Europe.

For the chemical company, which is currently building a new chemical plant worth ten billion dollars in southern China, there are, according to Brudermüller, “red lines” that are based on the local value system and company principles. “If these are exceeded, then it doesn’t go any further there,” said the BASF boss in an interview with the Handelsblatt.

However, the debate about excessive dependence on China and the Taiwan risk should not distract from the fact that Europe is becoming less and less attractive as a location, not only in comparison to China, but also in comparison to the USA and the Middle East. “It is an illusion to hope to get through the energy crisis with government money and then continue with the old structures,” said Brudermüller.