BASF Plans Growth via Chinese Tech Licensing and Coatings Divestiture

BASF is focusing on two growth drivers. The company plans to license Chinese technology. It also moves ahead with a divestiture of its coatings business. The strategy is described as twin engines of growth. BASF expects the licensing to expand its market reach. The coatings divestiture aims to streamline operations. Management signals confidence in the dual approach. The plan could reshape BASF's portfolio in coming years.