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Kurt Bock elected as new chairman of the Supervisory Board of BASF SE

Successor to Jürgen Hambrecht, who is leaving the Supervisory Board as planned


The Supervisory Board of BASF SE has elected Dr. Kurt Bock as the new chairman of the Supervisory Board of BASF SE. Bock had previously been elected to the Supervisory Board of BASF SE by the Annual Shareholders’ Meeting as a shareholder representative. The term runs until the end of the Annual ...


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BASF’s battery materials plants in Europe advance as planned

Construction started in Harjavalta, Finland and secured building permit for plant in Schwarzheide, Germany


Preparations and construction of BASF’s battery materials plants in Europe are advancing as planned. After the casting of the foundation for its precursor cathode active material (PCAM) plant in Harjavalta, Finland, BASF has officially started construction. In addition, BASF has secured the ...


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BASF started piling of the first plants of its smart Verbund project in Zhanjiang, Guangdong

Important milestone in the development of the company’s US$10 billion investment project


On May 30, BASF kicked off the piling work of the first plants of its smart Verbund project in Zhanjiang, Guangdong, China. This came as another important milestone in the development of the company’s US$10 billion investment project since its official commencement in November 2019. The first ...


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New site agreement for BASF: No forced redundancies

Average annual investment of at least €1.5 billion until 2025


The company management and employee representatives at BASF SE signed a new site agreement. Entitled “Living the new BASF together!”, the agreement applies to the approximately 34,000employees of BASF SE at the Ludwigshafen site. It will run for five and a half years (from June1,2020 until ...


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BASF Group shows resilience amid corona crisis with diversified portfolio and financial solidity

High uncertainty about future economic developments in 2020


BASF Group’s sales in the first quarter of 2020 increased by 7percent compared with the prior-year quarter to €16.8billion. This was mainly driven by a 4percent increase in volumes. Income from operations (EBIT) before special items was €1.6billion, down by 6percent compared with the first ...


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BASF and Security Matters collaborate to accelerate progress towards a circular economy for plastics

Create new value for plastics to tackle global challenge


Security Matters, Ltd and BASF sign a binding joint development agreement to develop solutions for plastics traceability and circularity. Plastics, with unique characteristics and when used properly, contribute to a more sustainable and resource efficient future. However, to move towards a ...


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Fortum, BASF, and Nornickel sign cooperation agreement on battery recycling


Fortum, BASF, and Nornickel have signed a letter of intent to plan a battery recycling cluster in Harjavalta, Finland, serving the electric vehicle market. This would enable a successful “closed loop” cycle to re-use the critical metals present in used batteries. Using metals from recycled ...


BASF: EBIT before special items declines

Impacts from coronavirus expected


BASF generated sales of €59.3 billion in the 2019 business year; the slight decline in sales compared with the previous year resulted from lower volumes and prices. Income from operations (EBIT) before special items was €4.5billion, down by €1.7billion from the prior-year level as a result of ...


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BASF wants to promote more women in leadership positions


By 2030, BASF wants to increase the proportion of women in leadership positions to 30percent worldwide. At the end of 2019, the proportion of female managers was 23.0percent (2018: 21.7percent). In 2015, BASF had set itself the target of increasing the proportion of women in leadership roles ...


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BASF announces Schwarzheide, Germany, as location for cathode active material production in Europe


BASF is announcing a new battery materials production site in Schwarzheide, Germany, as part of its multi-step investment plan to support the European electric vehicle (EV) value chain. This state-of-the art plant will produce cathode active materials (CAM) with an initial capacity enabling the ...


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