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BASF | Company Structure Information from ICIS

 

BASF is one of the world's largest integrated chemicals companies with a portfolio ranging from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas. In 2010, BASF had around 109,140 employees and sales of Euro64bn.

 

Download the The ICIS Top 100 Chemical Companies listing here

 

History

 

On 3 July 2006, BASF completed the $470m acquisition of Johnson Polymer. The deal was closed on 1 July 2006, following approval from the relevant antitrust authorities.

 

On 12 June 2006, BASF completed the acquisition of Engelhard. Engelhard is now a wholly-owned subsidiary of BASF and has been de-listed from the New York Stock Exchange.

 

BASF/Cognis

 

On 10 December 2010, BASF completed its €3.1bn ($4.1bn) acquisition of Cognis. For more on this please see BASF completes €3.1bn acquisition of Cognis on ICIS news.

 

Please see BASF agrees to buy Cognis for €3.1bn and BASF to acquire Cognis after Lubrizol bid said to be rejected on ICIS news.

 

Click here for more on Cognis.

 

Other company movements

 

In March 2011, BASF said that it plans to sell a 10.3% stake that it holds in K+S. For more on this please see BASF to sell €1bn stake in German fertilizer major K+S on ICIS news.

 

In order to prepare for the integration of Cognis, BASF has established a new division ‘BASF’s Care Chemicals’, effective 1 August 2010.

 

BASF’s Care Chemicals’ will be split into two separate divisions. Both divisions will be part of the Performance Products segment:

 

The Nutrition & Health division

 

This will incorporate the Nutrition Ingredients and Aroma Chemicals businesses, as well as Pharma Ingredients & Services.

 

Care Chemicals division

 

The Personal Care, Hygiene, Home Care and Industrial Formulators businesses will form the Care Chemicals division.

 

BASF acquires Ciba

 

In March 2010, BASF completed its acquisition of Ciba after India’s high court approved the merger of three Ciba group firms with BASF India. For more on this please see BASF completes Ciba India acquisition on ICIS news.

 

BASF completes Ciba acquisition, starts integration process

 

On 9 April 2009, BASF acquired Ciba and will start the process of fully integrating the company into its operations. BASF now holds 95.8% of Ciba. 

 

In March 2009, the European Commission (EC) cleared BASF’s acquisition of Ciba as BASF committed to divesting some business lines to address competition concerns.

 

In addition, BASF had extended the deadline for the closing of the transaction by four weeks until 9 April 2009.

In February 2009, BASF said it would implement initial organisational changes from April 2009 after the closure of its Ciba Specialty Chemicals acquisition.

 

(For more on this story please go to ICIS news).

 

Company movements

 

In October 2010, BASF said it will spin off its styrenics businesses (styrene monomers (SM), polystyrene (PS), acrylonitrile butadiene styrene (ABS), styrene butadiene copolymers (SBC) and other styrene-based copolymers) under the name of Styrolution by 1 January 2011. For more on this please see BASF confirms plan to separate styrenics business by 1 Jan and EPCA ’10: BASF styrenics spin-off Styrolution set for end of 2010 on ICIS news.

 

In July 2010, BASF merged Orgamol Pharma Solutions and Fine Chemicals Switzerland into a single company, BASF Pharma. For more on this please see BASF merges two Swiss businesses on ICIS news.

 

BASF is divided into the following segments:

 

Chemicals

 

This segment comprises of inorganics, catalysts, petrochemicals and intermediates. Key customers include the mineral, oil, chemical, pharmaceutical, electronics, textile and automotive industries.

 

Petrochemicals - Mainly for captive use: petrochemical feedstocks such as ethylene, propylene and benzene; broad range of plasticisers; and oxygenated, halogen-free solvents for pharmaceutical, paint and cosmetic products.

 

Inorganic chemicals - Products include ammonia, chlorine, sulphuric acid, catalysts, formaldehyde, melamine, glues and impregnating resins.

 

Intermediates - Amines, diols, polyalcohols, carboxy and dyestuff intermediates, carboxylic acids and precursors for fine chemicals.

 

Catalysts – Primarily composed of catalysts and the material services business from the acquired Engelhard business.

 

Plastics

 

This segment consists of styrenics, performance polymers and polyurethanes. Its main customers are in the automotive, packaging, construction and electrical and electronics industries.

 

Engineering plastics - copolymers such as styrene acrylonitrile (SAN), nylons, polybutylene terephthalate (PBT), polyoxymethylene (POM) and high-temperature thermoplastics.

 

Biodegradable plastics – such as BASF’s completely biodegradable plastic Ecoflex used for rubbish bags or disposable packaging. Ecoflex decomposes in soil or in compost within a few weeks without leaving any residues.

 

Polyurethanes - Basic polyurethane products: polyols and isocyanates; polyurethane systems; polyurethane elastomers.

 

Fibre products - Fibre intermediates such as caprolactam, adipic acid and hexamethylenediamine; nylon-based fibres and filaments.

 

SolVin - a joint venture between Solvay (75% share) and BASF (25% share). SolVin claims to be the biggest integrated player from chlorine via ethylene dichloride (EDC), vinyl chloride monomer (VCM) to polyvinyl chloride (PVC) and via polyvinylidene chloride (VDC) to polyvinyl dichloride (PVDC) in Europe, having operations in Belgium, France, Germany, Spain and Italy.

 

Performance Products

 

This segment markets a range of products for the textile, automotive and paper industries, as well as detergents, hygiene, adhesives and construction materials.

 

Performance chemicals - Dyes and process chemicals for textiles, leather and office use; pigments and specific pigment preparations; printing inks and printing plates for the graphics industry.

 

Acrylics and dispersions - Acrylic acid and acrylates, acrylate and styrene/butadiene dispersions; raw materials for paints and adhesives, coatings and glues; dyes and process chemicals for the paper industry.

 

Coatings - Automotive original equipment manufacturers (OEM) and refinish coatings; industrial coatings; decorative paints. The colourants for coatings and coatings raw materials businesses have been combined under a new operating sector, performance chemicals for coatings.

 

Foams - Styrenic and styrene-based polymers, such as polystyrene, expandable (Styropor) and speciality foams such as Styrodur.

 

Care Chemicals – this division combines all activities that contribute to people’s well-being. These include vitamins for food supplements and light stabilisers for sun creams.

 

Nutrition & Health - this incorporates the Nutrition Ingredients and Aroma Chemicals businesses, as well as Pharma Ingredients & Services.

 

The nutrition & health business concentrates on the interlinked areas of nutrition, health and food technology. From plant-derived antioxidants, sterols, botanicals and mixed carotenoids for dietary supplements and functional foods, to formulation expertise and ingredients for food products.

 

Care Chemicals division - the Personal Care, Hygiene, Home Care and Industrial Formulators businesses will form the Care Chemicals division.

 

The care chemicals business covers virtually the entire spectrum of hair, skin and body care, as well as household and industrial detergents and cleaners.

 

Functional Solutions

 

This segment integrates three operating divisions that develop system solutions and innovative products for specific customers and industries, in particular for the automotive and construction sectors:

 

Catalysts

Construction Chemicals 

Coatings

 

Agriculture Solutions

 

Crop protection products safeguard crops against fungal disease, insects and weeds. Research in the field of plant biotechnology focuses on crops for more efficient agriculture, healthier nutrition and for use as renewable raw materials.

 

Crop protection - Crop protection products to control weeds (herbicides), insects (insecticides) and plant diseases caused by fungi (fungicides).

 

Oil and Gas

 

Its subsidiary Wintershall and its affiliates conduct the operations of its Oil and Gas segment, which include:

 

The exploration and production of crude oil and natural gas

Crude oil and natural gas trading

The leasing of natural gas transportation and storage capacity 

BASF Strategy & Financial Highlights

BASF’s key focus will be on “profitable growth”. The company is looking with “confidence” to 2008, even taking into consideration what it states as being a turbulent start to the year on the stock markets. BASF has implemented a key strategic plan that it says will align its business activities in 2008. (Edited from “Letter from the chairman”, annual report 2007 and company website). ICIS also provides you with key financial data listed in table form. More about BASF Strategy & Financial Highlights

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