January 31, 2012
BASF saw a rise of EUR400 million (US$528million) in the value of its Crop Protection unit pipeline due to strong sales from its fungicide F 500.
The value of the Crop Protection pipeline has increased to EUR2.8 billion (US$3.7 billion) with peak sales of the company's F 500 fungicide expected to exceed EUR1 billion (US$1.31 billion), said the German chemicals company.
BASF's new Xemium fungicide is on track to achieve estimated peak sales of more than EUR200 million (US$264 million).
Several projects from early research were promoted to development status, and are scheduled for launch by 2020.
Total peak sales potential for innovations launched within the current decade account for EUR1.2 billion (US$1.58 billion), according to the company.