The construction chemicals division has seen "good growth" this year, according to new Chief Executive Martin Brudermüller. The BASF unit, which is the world's largest producer of admixtures for concrete, is too small to stand alone over the longer term especially as the industry is undergoing consolidation, he explained the decision to divest the business. "Neither are we satisfied with the (group) business development nor with our share price development," Brudermüller told journalists in a conference call after the chemicals giant released third-quarter results. Chief financial officer Hans-Ulrich Engel added that the business has a "very low" degree ...