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BASF

BASF
Company nameBASF SE
Company typeSocietas Europaea
IndustryChemicals, manufacturing, energy
Founded1865
HeadquartersLudwigshafen, Germany
Key peopleEggert Voscherau (Chairman of the supervisory board), Kurt Bock (CEO and Chairman of the executive board)
ProductsChemicals, plastics, performance chemicals, catalysts, coatings, crop technology, crude oil and natural gas exploration and production
Revenue-63.87 billion (2010)
Operating income-7.761 billion (2010)
Net income-4.557 billion (2010)
Total assets-59.39 billion (end 2010)
Total equity-22.66 billion (end 2010)
Employees109,140 (end 2010)

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BASF SE is the largest chemical company in the world and is headquartered in Germany. BASF originally stood for Badische Anilin- und Soda-Fabrik ( ). Today, the four letters are a registered trademark and the company is listed on the Frankfurt Stock Exchange, London Stock Exchange, and Zurich Stock Exchange. The company delisted its ADR from the New York Stock Exchange in September 2007.

The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, Americas and Africa. Its headquarters is located in Ludwigshafen am Rhein (Rhineland-Palatinate, Germany). BASF has customers in over 200 countries and supplies products to a wide variety of industries. Despite its size and global presence BASF receives little public attention as it abandoned consumer product lines in the 90s.

At the end of 2010, the company employed more than 109,000 people, with over 50,800 in Germany alone. In 2010, BASF posted sales of -63.87 billion and income from operations before special items of about -8.1 billion. The company is currently expanding its international activities with a particular focus on Asia. Between 1990 and 2005, the company invested -5.6 billion in Asia, for example in sites near Nanjing and Shanghai, China and Mangalore in India.


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