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

Create new value for plastics to tackle global challenge

21-Apr-2020

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

09-Mar-2020

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 ...

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BASF: EBIT before special items declines

Impacts from coronavirus expected

28-Feb-2020

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

24-Feb-2020

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

13-Feb-2020

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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JenaBatteries and BASF cooperate in the development of innovative power storage technology

Batteries for stationary storage of electricity from renewable energy sources

10-Feb-2020

JenaBatteries GmbH and BASF are cooperating in the production of an electrolyte for a battery technology that is particularly suitable for stationary storage of electricity from renewable energy sources and for stabilizing conventional transmission grids. JenaBatteries, which has developed this ...

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BASF invests in capacity expansion for methane sulfonic acid

22-Jan-2020

As already announced at the end of 2018, BASF will proceed with expanding global capacities for methane sulfonic acid (MSA) to 50,000 metric tons per year. This involves a higher double-digit million euro investment in constructing a new methane sulfonic acid plant at the Ludwigshafen site. The ...

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