“Market Cap $102.27 B As of May 2014
At a Glance
- Industry: Diversified Chemicals
- Founded: 1865
- Country: Germany
- CEO: Kurt Bock
- Website: www.basf.de
- Employees: 112,206
- Sales: $98.21 B
- Headquarters: Ludwigshafen
#72 Global 2000
- #65 in Sales
- #88 in Profit
- #280 in Assets
- #67 in Market value
BASF SE is engaged in the chemical industry. It operates through the following segments: Chemicals, Plastics, Performance Products, Functional Solutions, Agricultural Solutions, and Oil and Gas. The Chemicals segment comprises chemicals and intermediates including solvents, plasticizers, glues and electronic chemicals, materials for detergents, plastics, textile, fibers, paints and coatings, crop protection products, and pharmaceuticals. The Plastics segment offers engineering plastics for the automotive and electrical industries, household appliances, and sports and leisure products. The Performance Products segment includes vitamins and food additives, and ingredients for pharmaceuticals, hygiene, home, and personal care items. The Functional Solutions segment consists of automotive and industrial catalysts, battery materials, automotive and industrial coatings, concrete admixtures, tile adhesives, and decorative paints. The Agricultural Solutions segment offers crop protection products that guard against fungal diseases, insects and weeds. The Oil and Gas segment is composed of the oil & gas division with the exploration & production and natural gas trading business sectors. The company was founded by Friedrich Engelhorn on April 6, 1865 and is headquartered in Ludwigshafen, Germany.“
“BASF Historical Milestones
Historical foundations of a modern company: The following outline highlights more than 140 years of BASF corporate history.
1865 – 1901
The first stage of German industrialization begins in 1835 with the building of the first German railway. At around the same time, customs barriers between the individual German states are abolished.
1902 – 1924
At the turn of the century, the British chemist Sir William Crookes delivers a lecture to the British Association for the Advancement of Science in Bristol titled “The Wheat Problem.”
1925 – 1944
After the First World War, the situation for the population in Germany is alarming: The Kaiser has abdicated and the economic outlook is dire. Reparations, the dismantling of factories, a scarcity of coal and inflation prevent economic recovery.
1945 – 1964
The post-war years are marked by streams of refugees, a shortage of housing and unemployment. City centers, residential areas and industrial plants lie in ruins.
1965 – 2006
Germany’s economic boom continues until the mid-1960s, but in 1967 the country slides into recession for the first time. Gross domestic product drops by 0.2 percent instead of rising 8 percent per year as it had done until now.”
*Information from Forbes.com and Basf.de
**Video published on YouTube by “BASF“