We create chemistry for a sustainable future.
Established in 1865, in Mannheim, Germany, under the name of Badische Anilin- and Soda-Fabrik, BASF’s first factory was finally built on the other bank of the River Rhein in Ludwigshafen in Bavaria, Germany.
Since that time BASF became the world leading chemical company listed in Frankfurt, London and Zurich and employing more than 111,000 people over the world.
Still today Ludwigshafen remains BASF core production center with 33,000 employees making it the world largest chemical plant.
Overall, BASF operates 370 chemical plants in the world supporting its global coverage.
Organized around the Verbund concept, BASF builds its competitive advantage on an integrated business model optimizing the chemical process and industrial production chain.
BASF covers the world with six of these Verbund sites.
BASF is activities are organized around six business segments:
– Chemicals (Inorganics, Petrochemicals, Intermediates)
– Performances products (Dispersions, and Pigments, Performance Chemicals, Care Chemicals, Nutrition, Paper Chemicals)
– Plastics (Performances Polymers, Polyurethanes)
– Functional Solutions (Catalysts, Construction Chemicals, Coatings)
– Agriculture Solutions (Crop protection)
– Oil and Gas (Exploration and Production, Natural gas trading)
Representing only 16% of BASF’s revenues in 2011, the Oil and Gas activity grows on good pace with its subsidiary Wintershall‘s successfull the development in the North Sea.
BASF Key Figures
– 2010 Revenues: $83 billion
– 2011 Earnings: $8 billion
– 2010 Earnings: $5,9 billion
– 2011 Capital expenditure: $4.5 billion (forecast)
– 2010 Capital Expenditure: $2 billion
BASF Projects and Business Highlights
BASF sees the chemistry as the enabler for the world to host nine billion people in 2050 in the best conditions addressing all issues related to:
– Resources, Environment and Climate
– Food and nutrition
– Quality of Life
On the period from 2011 to 2020, BASF is planning $39 billion to $45 billion capital expenditure.
One third of this amount will be invested in emerging markets, where key projects are already on the way:
– RAPID petrochemical complex in Malaysia in joint venture with Petronas
– Greenfield TDI facility in Ludwisghafen, Germany
– Acrylic Acid plant in joint venture with Braskem in Brazil
– Expansion of Nanjing Verbund joint venture with Sinopec in China
– Edvard Grieg offshore platform in the Norwegian North Sea
BASF builds its growth on five years strategic plan going through three critical phases: Investments, Innovations, Acquisitions.
To support its inorganic growth, BASF is targeting:
– Crop protection
– Water solutions
– Engineering plastics
– Electronic chemicals
– Construction chemicals
– Oil and Gas
– Battery materials
Targeting 6% growth per year, BASF builds its market leadership in balancing investments in emerging countries with innovation in its Verbund sites and acquisitions in the today’s niches to become tomorrow leading markets.