BASF - 10 things to know with detail
- 1. BASF is a German multinational chemical company founded in 1865 and headquartered in Ludwigshafen, Germany. It is one of the largest chemical companies in the world.
- 2. BASF operates in a variety of industries, including chemicals, plastics, performance products, functional materials, agricultural solutions, and oil and gas.
- 3. The company is known for its innovation and research capabilities, with a strong focus on developing sustainable solutions to address global challenges such as climate change and resource scarcity.
- 4. BASF has a presence in over 80 countries and employs approximately 117,000 people worldwide.
- 5. The company's product portfolio includes a wide range of chemicals, plastics, coatings, catalysts, and agricultural solutions. Some of its well-known brands include Styropor, Neopor, and Ultradur.
- 6. BASF is committed to sustainability and has set ambitious goals to reduce its carbon emissions, increase energy efficiency, and promote circular economy principles.
- 7. The company invests heavily in research and development, with around 10,000 employees dedicated to innovation across various fields.
- 8. BASF has a strong focus on corporate social responsibility and is involved in various initiatives to support education, community development, and environmental conservation.
- 9. In recent years, BASF has expanded its presence in emerging markets such as China and India, where it sees significant growth opportunities.
- 10. BASF has faced challenges in recent years, including the impact of the COVID-19 pandemic on its business operations and supply chain. However, the company remains committed to its long-term strategy of sustainable growth and innovation.