BASF Says Chemical Industry Taking Big Hit From Virus Spread

  • German company sees lowest industry growth since 2008/09
  • BASF warns of possible second straight loss in current year
WATCH: BASF CEO Martin Brudermueller discusses the challenges facing the firm.(Source: Bloomberg)
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The chemical industry became the latest sector to be hit by the coronavirus after German giant BASF SE warned the outbreak could lead to the lowest growth in production since the financial crisis more than a decade ago.