BASF is a German chemical company with subsidiaries in over 80 countries in the world. It currently produces a wide range of chemicals such as solvents, amines, resins, glues or electronic-grade chemicals, but they also place great emphasis on production of fertilisers and pesticides. This latter division produces fungicides, herbicides and insecticides. Investing in research and development of new products each year, BASF Urban and Rural Pest Control delivers smart solutions for pest management professionals.
History and development
Their broad portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. In 2016, BASF posted sales of €58 billion and income from operations before special items of approximately €6.3 billion. They combine economic success with environmental protection and social responsibility. Through research and innovation, they support the customers in nearly every industry in meeting the current and future needs of society.
Below you can find a few of the projects in which BASF got involved over the years, that lead to it’s great success in multiple fields of activity.
In 2003, a new state-of-the-art logistics center opened at the Ludwigshafen site. As Europe’s largest chemical terminal for optimised shipping of packaged products, it replaced around 50 smaller external storage facilities in Ludwigshafen and Mannheim. The new center reduced the number of truck trips across the region by 25,000 every year.
The Russian company Gazprom – the world’s largest producer of natural gas – and BASF subsidiary Wintershall founded the Achimgaz joint venture to develop gas deposits in the Urengoy field in western Siberia. This is the first time that a German producer is actively involved in the production of natural gas in Russia.
In the Romanian town of Sighisoara, BASF subsidiary Wintershall and Romgaz started producing natural gas. This production alliance aims to extract 300,000 cubic meters of natural gas a day.
In January 2005, BASF acquired the worldwide electronics chemicals business from Germany-based Merck KGaA. This makes BASF a leading supplier of electronics chemicals for the rapidly growing semiconductor and flat screen industries.
BASF and Shell Chemicals sold Basell, a 50-50 joint venture that is one of the world’s leading producers of polyolefins.
BASF and Gazprom concluded a groundbreaking agreement on European energy supply. It involved the participation in the German-Russian, Baltic Sea pipeline, Nord Stream, whose first link would start operations in 2011. Furthermore, BASF and Gazprom agreed to develop the Yuzhno Russkoye natural gas field. The production of natural gas in the western Siberian natural gas field would begin in 2008.
A new plant for producing superabsorbers with a capacity of 180,000 tons started up in Freeport, Texas in 2007. At the same time, the capacity of the plant in Antwerp, Belgium was increased from 60,000 to 175,000 tons.
Serving as an example in the chemical industry: BASF officially converts to a European Stock Corporation in 2008. This step was intended to underscore its “commitment to Europe,” and the company is now known as BASF SE (Societas Europaea).
BASF products contribute to climate protection by saving three times the volume of greenhouse gas emissions used to produce, apply, and dispose of these products. This is demonstrated by the comprehensive CO2 report, which BASF was the first company in the world to introduce.
BASF opened Germany’s first employee center for work-life management (“LuMit”) in Ludwigshafen. Here, BASF bundled and expanded its various offers concerning work-life-balance, mainly focusing on the areas of work and family (LuKids), sports and health promotion (LuFit) and social counselling by the BASF foundation (LuCare).
In 2014, the BASF Group employed approximately 112,000 employees worldwide, which help contribute to the success of their customers in nearly all sectors and almost every country in the world.
BASF celebrated its 150th anniversary in 2015.