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BASF

BASF

BASF is a global chemical company.

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 18,200 employees in North America, and had sales of $17.9 billion in 2017. They employ more than 112,000 employees, six Verbund sites and 376 additional production sites worldwide.

Their portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of €64.5 billion in 2017. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS).

Acquisitions

Solvay’s Polyamide Business

On August 22, 2019 BASF announced it will be purchasing Solvay’s Polyamide Business for €1.3 billion in cash. BASF acquired Solvay’s Polyamide Business to expand the companies opportunities for being a solution providers for the consumer, transportation, and construction industries, and gain better access to markets such as Asia and South America.

Advanc3D Materials GmbH and Setup Performance SAS

On July 4, 2018 BASF announced acquiring all shares of Advanc3D Materials GmbH and Setup Performance SAS. BASF acquired both Advanc3D Materials GmbH and Setup Performance SAS to aid the companies transition into operating in the 3D printing industry.

Innofil3D

On August 18, 217 BASF announced acquiring Innofil3D, a company manufacturing filaments for 3D printing technologies, for an undisclosed amount of money. The managing director of BASF New Business, Volker Hammes, made the following comments regarding the acquisition of Innofil3D:

With this acquisition, BASF is moving one step further along the value chain and can now provide not only plastic granulate for 3D printing but also the next processing level: the filaments.

Timeline

October 2, 2019

BASF launches Insulated Masonry Veneer Systems for exterior building cladding

September 25, 2019

BASF launches Operation Weed Eradication to help growers eliminate weeds

June 21, 2019

Greentown Labs and BASF jointly launch the Greentown Labs Circularity Challenge

The stated goal of the challenge is to advance innovation for a circular economy

February 22, 2019

BASF and Linde Announce Collaboration Agreement for Natural Gas Processing Technology

2018

BASF generated sales of around €63 billion in 2018.

2018

BASF had more than 20,000 employees in North America and sales of $19.7 billion in 2018.

BASF generated sales of around €63 billion in 2018.

2017

BASF generated sales of more than €60 billion in 2017.

December 19, 2012

BASF raises a $7,309,564 series A round.

2006

BASF acquires the construction chemicals business from Degussa for 2.7 billion euros including debt.

Funding rounds

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Carey Gillam
March 30, 2020
the Guardian
A chemical plant in Schwarzheide, Germany, owned by BASF, which has partnered with Monsanto on a dicamba-tolerant cropping system. Photograph: Annegret Hilse/Reuters
Reuters Editorial
February 28, 2020
IN
Germany's BASF warned that earnings could drop further this year after the fallout from the coronavirus outbreak has started to weigh on demand from its industrial customers.
February 21, 2020
WebWire
By 2030, BASF wants to increase the proportion of women in leadership positions to 30 percent worldwide. At the end of 2019, the proportion of female managers was 23.0 percent (2018: 21.7 percent). In 2015, BASF had set itself the target of increasing the proportion of women in leadership roles to 22 to 24 percent as of 2021, which it achieved ahead of schedule at the end of 2019. The goal of a better gender balance in the leadership team is to be achieved for the BASF Group worldwide and...
The Associated Press
February 17, 2020
CTVNews
A jury on Saturday awarded $265 million in punitive damages to a southeastern Missouri peach farmer who argued that weedkiller dicamba that had drifted onto his orchards from other farms had severely damaged his trees -- an award that could bode well for other farmers suing the chemical's makers.
Associated Press
February 16, 2020
Boston Herald
A jury this weekend awarded $265 million in punitive damages to a southeastern Missouri peach farmer who argued that weedkiller dicamba that had drifted onto his orchards from other farms had severely damaged his trees -- an award that could bode well for other farmers suing the chemical's makers.
Reuters Editorial
February 16, 2020
U.S.
A Missouri jury's $265 million award to peach grower Bill Bader in his lawsuit against herbicide providers Bayer and BASF has raised the stakes for the two companies as at least 140 similar cases head to U.S. courts later this year.
February 13, 2020
WebWire
BASF launches pilot platform reciChain in the province of British Columbia (BC), Canada, as a response to one of the most pressing environmental challenges - plastic waste. The pilot project will introduce a more sustainable alternative to the linear economic model, reducing plastic waste, maximizing its value and enhancing resource efficiency. According to a report produced by Deloitte for Environment and Climate Change Canada, Canada disposed of nearly 3.3 million tons of plastic waste...
The Canadian Press
February 13, 2020
CTVNews
The Competition Bureau says it is investigating several major agricultural suppliers to determine if conduct alleged against them may 'significantly harm competition' in Canada's agricultural sector.
February 11, 2020
WebWire
Air Liquide and BASF, a world-leading chemical company, have recently signed three new long-term contracts in the Antwerp basin (Belgium). Air Liquide has been supplying BASF with gas for over 50 years in this major industrial basin, and is currently operating five production plants on site. These new contracts are coherent with a low carbon footprint approach, in line with the Group's Climate objectives. Leveraging on five existing onsite production plants in the Antwerp basin, Air Li...
February 7, 2020
WebWire
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 technology based on a so-called redox flow battery (RFB) with organic materials, thus has the world's first commercially available technology of this kind. Two liquid organic electrolytes separated...
January 23, 2020
WebWire
BASF has expanded its low 1,4-Dioxane line by adding several new ingredients to the existing range of Flex surfactants and polymers in North America. The BASF Flex solutions allow brands in the cosmetics, personal care, and home care industries to use ingredients that are certified low in 1,4-Dioxane for their formulations. A recently signed New York state law prohibits the sale of household cleaning and personal care products containing more than 2ppm 1,4-Dioxane and cosmetics products c...
January 20, 2020
WebWire
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 construction works started recently. The volumes from the additional capacity are expected to be available from the end of 2021 and are dedicated to mainly serve European customers as well as the ra...
January 2, 2020
WebWire
BASF has closed the previously announced transaction to divest its ultrafiltration membrane business to DuPont Safety & Construction (DuPont). The divestiture includes the shares of inge GmbH, the business' headquarters and production site in Greifenberg, Germany, including all employees, its international sales force, and certain intellectual property previously owned by BASF SE. Financial details of the transaction are not being disclosed. The ultrafiltration membrane business had been...
Reuters Editorial
December 21, 2019
U.S.
Private equity firm Lone Star has entered a deal to buy BASF's construction chemicals business for 3.17 billion euros ($3.5 billion) on a cash and debt-free basis, the German chemicals company said on Saturday as it seeks to focus on more profitable operations.
December 6, 2019
WebWire
BASF recently sponsored Girl Powered - a hands-on workshop that introduced 100 ninth-grade female students from Ascension Parish's four high schools to careers in science, technology, engineering and math (STEM). BASF brought the event to Ascension Parish through a partnership with the Robotics Education and Competition (REC) Foundation and VEX Robotics. "Diversity is a value we prioritize as we build the best teams at BASF," said Jerry Lebold, Senior Vice President and General Manager...
November 26, 2019
WebWire
BASF donated $5,000 to the Young Entrepreneurs Academy of Baton Rouge (YEA BR) to support six aspiring business founders from Ascension Parish public schools. Under instruction of the Louisiana State University E.J. Ourso College of Business, an annual cohort of 29 local high school students gain skills and generate ideas to start their own businesses. "Developing an entrepreneurial mindset will not only help students become business owners, but it will also prepare them for success in th...
November 26, 2019
WebWire
, , , , • Milestone for BASF's US$10 billion investment project in China , , • World-class smart Verbund site with latest technologies and highest safety and sustainability standards , , • First plants to produce engineering plastics and TPU serving a range of key industries , , , , , , BASF officially launched its smart Verbund project in Zhanjiang, Guangdong province, China, and commenced building its first plants. It marks a milestone of the company's US$10 billion investment project announced...
Maija Palmer
November 26, 2019
Sifted
A roundup of the what Europe's biggest companies are doing with startups and new technologies, from Amadeus to BASF and Telefónica.
November 13, 2019
WebWire
BASF, Cargill, Procter & Gamble (P&G) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH have cooperated in a development partnership under the develoPPP.de programme commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ) to establish a certified coconut oil supply chain and improve the livelihood of coconut farmers in the Philippines and Indonesia. The combined expertise of the partners helps ensure the success of the Sustainabl...
November 8, 2019
WebWire
BASF along with Boge Rubber & Plastics (Boge) and FCA were recognized at the 49th Annual Society of Plastics Engineers® (SPE) International Automotive Innovation Awards Gala in the Chassis/Hardware Group. SPE honored their innovative use of plastics in the development of the first composite rear differential mount used in serial production of the 2019 Jeep® Cherokee. The rear differential mount is located on the rear subframe of the engine and is used to maintain different pinion...
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