Global Functions of BASF Agricultural Products to be focused

05-Aug-2003

The global functions of the BASF Agricultural Products division will be concentrated at Research Triangle Park (RTP), North Carolina, and Limburgerhof, Germany, as of April 1, 2004. Approximately 80 positions at BASF Corporation's Mount Olive, New Jersey, site will be affected by this decision. BASF currently has global Agricultural Products functions at two U.S. sites and one European site.

"The concentration of activities at our two largest and most important sites will further improve effectiveness and efficiency within the division," said Hans W. Reiners, president of BASF's Agricultural Products division. "Moving closer to the two largest regional business units and our two R&D centers will significantly reduce travel time and expenses and shorten lines of communication."

Approximately 30 positions in Global Marketing and Global Operations will relocate to the Agricultural Center at RTP, North Carolina. The division management, with approximately 30 positions, will relocate to the Agricultural Center at Limburgerhof, Germany. Approximately 20 positions in Mount Olive, New Jersey, will become redundant. Employees who are not part of the relocation will be offered appropriate severance packages, if other positions are not available within BASF's North American organization.

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