A logo is seen on the facade of the BASF plant and former Ciba production site in Schweizerhalle near Basel July 7, 2009. REUTERS/Christian Hartmann/File Photoon Friday cut its budget for investment in plants and equipment this year to preserve cash amid a global downturn in the business cycle.
Investments this year would be cut to 5.7 billion euros , down from 6.3 billion projected earlier this year. The company, however, confirmed the larger plans for the site and the 10 billion euros earmarked for it overall.
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