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BASF threatens to relocate genetic engineering
activities to US
Date: 12 / 07 / 04
Agence France Presse
FRANKFURT - Juergen Hambrecht, chairman of German chemicals giant BASF,
was cited as saying in a newspaper interview published on Monday that
the company is mulling moving its genetic research activities to the
United States in view of European scepticism towards genetically modified
foods although there were currently no concrete plans for such a move
as yet, adding, "If you can't push through innovations into the
market, the next step is to relocate research and development. You have
to put R and D where innovations can be carried out. We have to make
money and not only spend it. … There is no innovation without
risk. No risk means no growth, no future, no fun."
Web Link: http://www.cea-res.co.uk/news/news.html?action=
view&ID_Article=73
(Not a direct link)
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** NOTICE: In accordance with Title 17 U.S.C. Section 107, this material is distributed for research and educational purposes only. **
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