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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


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


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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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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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 ...


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

Batteries for stationary storage of electricity from renewable energy sources


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 strengthens its business with water-soluble polyacrylates


With a single-digit million-euro investment, BASF has enhanced the flexibility of its water-soluble polyacrylate production plant at the company's Ludwigshafen site, Germany, and slightly expanded capacity. The upgraded plant is now operational, enabling customers in the household and commercial ...


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