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BASF plans realignment of Global Business Services unit

Headcount in Global Business Services will decline by up to 2,000 worldwide by end of 2022

23-Sep-2020

BASF’s Global Business Services unit is being further developed. The division was established as of January 1, 2020, as part of the implementation of BASF’s corporate strategy. As of that date, around 8,400 employees worldwide transferred to Global Business Services and since then have been ...

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Pyrolysis oil from waste tires as additional raw material source

BASF invests into Pyrum as part of its ChemCycling project

23-Sep-2020

BASF SE is to invest €16 million into Pyrum Innovations AG, a technology company specialized in the pyrolysis of waste tires, headquartered in Dillingen/Saar, Germany. With the investment, BASF will support the expansion of Pyrum’s pyrolysis plant in Dillingen and the further roll out of the ...

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BASF invests in industrial artificial intelligence company

Additional partnership to bring together expertise in mineral processing, ore beneficiation chemistry and industrial AI technology

20-Aug-2020

IntelliSense.io and BASF Venture Capital (BVC) announced that BVC is leading a strategic investment round in IntelliSense.io with follow-on participation from a group of U.K.-based technology angel investors including Dr. Steve Garnett and Stephen Kelly. IntelliSense.io is a provider of AI-based ...

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BASF: EBIT declines in second quarter due to weaker demand as a result of the corona pandemic

For the third quarter, BASF does not expect EBIT before special items to improve significantly

30-Jul-2020

As expected, the economic effects of the corona pandemic had a much stronger impact in the second quarter of 2020 than in the first quarter of this year. Customer industries were affected to varying degrees: BASF was particularly negatively impacted by the collapse in demand from the automotive ...

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BASF calculates CO2 footprint of all sales products

BASF as the first chemical company with transparent emission data for the entire portfolio of approximately 45,000 products

29-Jul-2020

BASF will provide its customers with total values of CO2 emissions, so called “carbon footprints” for all of its products. The Product Carbon Footprint (PCF) comprises all product-related greenhouse gas emissions that occur until the BASF product leaves the factory gate for the customer: from the ...

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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

23-Jun-2020

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

16-Jun-2020

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

03-Jun-2020

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

07-May-2020

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

04-May-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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