Ludwigshafen, Germany – April 24, 2008 – The BASF Group has continued on its successful path in the first three months of 2008. Having posted a further record quarter, it is confident with regard to the coming months. First-quarter sales rose by almost 9 percent to €15.9 billion, while income from operations (EBIT) before special items increased by more than 11 percent compared with the same period of 2007 to almost €2.4 billion.
BASF SE has announced plans for a significant expansion of its production plant for the biodegradable plastic Ecoflex® at the company’s Ludwigshafen site. The move will raise Ecoflex production capacities from the current 14,000 by 60,000 metric tons per year. Production at the expanded plant will commence in the third quarter of 2010.
Beijing, China – March 19, 2008 – BASF and China Petroleum & Chemical Corporation (Sinopec Corp.) today submitted the technical and commercial feasibility study for the approval of the planned $900 million expansion of their joint chemical Verbund site in Nanjing to the Chinese government.
Effective from January 1, 2008, BASF has reorganized its segments. In doing so, we aim to focus even more closely on our customers and markets, increase transparency for our investors and enhance efficiency and flexibility for shaping our future.
Ludwigshafen, Germany and Lyndhurst, United Kingdom – March 13, 2008 – BASF SE and INEOS Nitriles announced today that they have reached an agreement for INEOS Nitriles to buy the Seal Sands site of BASF plc on Teesside in the United Kingdom.
Ludwigshafen, Germany – March 12, 2008 – BASF SE has published its Report 2007, which for the first time combines the company’s fi-nancial and sustainability reporting in a single publication. By integrating data related to the environment and social responsibility in its financial reporting, BASF is again playing a pioneering role.
BASF Crop Protection has launched two active ingredients from its promising pipeline of development projects in the past few months: orysastrobin and metaflumizone.
Ludwigshafen, Germany – March 4, 2008 – The Board of Executive Directors of BASF SE has appointed Dr. Jörg Buchmüller (60) as the company’s General Counsel and head of the Legal, Taxes & Insurance division with immediate effect. Buchmüller succeeds Dr. Hans-Ulrich Engel, who was simultaneously appointed to the Board of Executive Directors.
Ludwigshafen, Germany – March 4, 2008 – The Supervisory Board of BASF SE has appointed a new member of the Board of Executive Directors in its meeting today: Dr. Hans-Ulrich Engel (48) will be responsible for Oil & Gas, Europe and Global Procurement & Logistics with immediate effect.
Ludwigshafen, Germany – February 21, 2008 – The Board of Executive Directors of BASF SE today decided to propose to the Annual Meeting on April 24, 2008 to increase the dividend for 2007 by €0.90, or 30 percent, to €3.90 per share and to conduct a 1:2 stock split. Both decisions are subject to approval by the company’s Supervisory Board in its meeting on March 4, 2008.
