Perhaps the biggest danger to the Verbund, and the conglomerate-building which it encourages, is that it could lack the flexibility to cope with rapid market changes.

也许对Verbund提倡的大规模企业的一体化来说，最大的危险在于如何应对快速变化的市场环境。

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For Mr Hambrecht, the Verbund represents a huge advantage in an industry in which competition is increasing, especially in Asia.

ECONOMIST: BASF and the chemical industry

At the Verbund, what is left over from one process is used only a few hundred metres away to make something else.

ECONOMIST: BASF and the chemical industry

The verbund process is replicated at BASF plants in Louisiana and Texas, as well as in Belgium, Malaysia and, as of this year, Nanjing, China.

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