It was founded by Friedrich Engelhorn on 6 April 1865 in Mannheim, in the German-speaking country of Baden. Other acquisitions in 2006 were the purchase of Johnson Polymer and the construction chemicals business of Degussa. Under new management, the renewal and expansion of the trademark continued. Work with us to get the full benefit of … Chemicals, plastics, performance chemicals, This page was last edited on 12 January 2021, at 12:00. [1] In 2019[update], BASF posted sales of €59.3 billion and income from operations before special items of about €4.5 billion. BASF catalysts are proven in our plants and designed to enhance yours. Due to the high cost of such an integrated production site, it establishes a high entry barrier for competitors trying to enter the market for volume chemicals. The plant, however, was erected on the other side of the Rhine river at Ludwigshafen because the town council of Mannheim was afraid that the air pollution from the chemical plant could bother the inhabitants of the town. Ultramid Vision combines very high light transmission with low light scattering. [25], In October 2017, BASF announced it would buy seed and herbicide businesses from Bayer for €5.9 billion ($7 billion), as part of its acquisition of Monsanto. The economic incentive for this approach is high resource and energy efficiency of the overall process, reduced shipping cost and associated reduced risk of accidents. What is the full form of BASF ? In 1916, BASF started operations at a new site in Leuna, where explosives were produced during the First World War. BASF completely took over the Herbol branches in Cologne and Würzburg in 1970. BASF offers the most effective dry binders available, along with all other functional materials and expertise required to help you develop your process successfully. The technique could allow the chemical industry to manufacture chemicals, for example agrochemical actives, far more efficiently than they do now. BASF has customers in over 190 countries and supplies products to a wide variety of industries. Agriculture Working together for sustainable agriculture and healthy environments. Integrated production sites are characterized by co-location of many individual production lines (producing a specific chemical), which share an interconnected material flow. Download PDF (6.1 MB) Download all tables BASF´s proven gas treatment technologies boast about 400 references around the globe, from the deserts of North Africa to the Arctic Circle, including the world´s largest gas treatment units. In addition, the transaction was associated with a debt of €500 million. The site would be the third-largest BASF site worldwide, following Ludwigshafen, Germany, and Antwerp, Belgium, and is expected to be operational by 2022.[16]. PolyurethanesBASF's Polyurethanes business consists of diverse technologies and finished products. As the world's leading chemical company, we combine economic success with … Ultramid Vision can be used in various application fields: It recommends itself especially for parts for visual check, illumination or light design. Ludiflash® is an all-in-one solution: filler, binder, and disintegrant that provides tablets with exceptional hardness and low friabilit, while giving your ODT an outstandingly creamy mouthfeel. BASF soon tried to operate union-free, having already reduced or eliminated union membership in several other US plants. BASF Online Report 2018 – Economic, environmental and social performance. [64], In 2013, BASF reported a spill of several hundred kilograms of the chelating agent Trilon-B (tetrasodium Edta) into the river Rhine from BASF's headquarters in Ludwigshafen, Germany. The purchase price was $470 million on a cash and debt-free basis. . StyrenicsBASF Styrenics consists of the Foams and Copolymers. The primer levels out irregularities and evens the surface. Challenging the Geismar OCAW union resulted in a labor dispute that saw members locked out from 1984 to 1989 and eventually winning their case. This ″Verbund″ site is intended for the production of engineering plastics and TPU. [36] BASF and Bayer were also ordered to pay Bader $15 million in damages. [30][31] The lawsuit involves a peach farmer who alleged that Dicamba-based herbicides caused significant damage to his crops and trees. The allies dissolved IG Farben in November 1945. [48] BASF opened a new crop protection technology center in Limburgerhof, Germany in 2016. Under the leadership of Carl Bosch – a critic of Nazi policies – BASF founded IG Farben with Hoechst, Bayer, and three other companies, thus losing its independence. It was the largest chemical factory of the world. BASF Report 2016 (PDF) ; Excel files (XLS) ; Download the entire BASF Report 2016 as a PDF. BASF Catalysts, formerly Englehard Corp, has recently (as of April 7, 2010) been renamed BASF Corporation. [17] The plant produced plastics, herbicides, and antifreeze. [10] Caro developed a synthesis for alizarin (a natural pigment in madder), and applied for a British patent on 25 June 1869. BASF's Coatings division develops, produces and markets a high-quality range of innovative and sustainable automotive OEM and refinish coatings, decorative paints and surface-applied treatments for metal, plastic and glass substrates for a wide range of industries. The acquisition of Johnson Polymer was completed on 1 July 2006. Following a change in corporate strategy in 1965, greater emphasis was placed on higher-value products such as coatings, pharmaceuticals, pesticides and fertilizers. In 1901, some 80% of the BASF production was dyestuffs. BASF's styrenic copolymers have applications in electronics, building and construction, and automotive components. BASF SE is a German multinational chemical company and the largest chemical producer in the world. [42] However, overall third quarter profit beat expectations as the acquisition of Bayer AG's agrochemical and seed business help to offset some of the effects of the trade war.[43]. The sites at Ludwigshafen and Oppau were controlled by French authorities. Ucrete is dense and impervious, it is the ideal flooring solution where the highest hygienic standards are required and for the toughest industrial environments. [24], In May 2015, BASF agreed to sell parts of its pharmaceutical ingredients business to Swiss drug manufacturer Siegfried Holding for a fee of €270 million, including assumed debt. Global. Not able to find full form or full meaning of BASF May be you are looking for other term similar to BASF. Engineering PlasticsBASF's Engineering Plastics consists of the "4 Ultras" – Ultramid polyamide (PA) nylon-based resins, Ultradur, polybutylene terephthalate (PBT), Ultraform, polyacetal (POM), and Ultrason, polysulfone (PSU) and polyethersulfone (PES). BASF recruited Heinrich Caro, a German chemist with experience of the dyestuff industry in England, to be the first head of research. Additionally, the unique polyamide is UV and temperature resistant, scratch-proof as well as suitable for flame-retardant requirements. BASF was set up in 1865 to produce other chemicals necessary for dye production, notably soda and ac… Tableting is possible with any conventional equipment and any preferred packaging type. [9], The discovery in 1857 by William Henry Perkin that aniline could be used to make intense colouring agents had led to the commercial production of synthetic dyes in England from aniline extracted from coal tar. It was founded by Friedrich Engelhorn on 6 April 1865 in Mannheim, in the German-speaking state of Baden. Our sulfuric acid production plants have had the lowest SO2 emissions in the world since 1913, making them ideal for regulatory compliance and cost savings. In 1866, the dye production processes were also moved to the BASF site. The range of applications for these intelligent plastic solutions extends far beyond automotive engineering and opens up significant development potential for … Production virtually stopped by the end of 1944. Following the appointment of Adolf Hitler as Chancellor in 1933, IG Farben collaborated with the Nazi regime, profiting from guaranteed volumes and prices, and from the slave labor provided by the government's Nazi concentration camps. [61][third-party source needed], The BASF Company and Columbia University formed a partnership to further research "environmentally benign and sustainable energy sources". At BASF, we create chemistry for a sustainable future. Engelhorn had been responsible for setting up a gasworks and street lighting for the town council in 1861. We combine economic success with environmental protection and social responsibility. As a result, they were major targets for air raids. The company is currently[when?] The Oppau explosion was the biggest industrial accident in German history. BASF supplies agricultural products and chemicals including fungicides, herbicides, insecticides and seed treatment products. It lowers storage and analytical costs and accelerates product development and process validation. Stock – Yahoo Finance", "UPDATE 1-BASF operating profit dives 24% as trade disputes weigh", "BASF Beats Estimates as Farming Helps Offset Trade-War Pain", "EU Commission approves formation of joint venture Styrolution", "Major Products: Welcome to BASF Crop Protection", "Your Diet Tailored to Your Genes: Preventing Diseases or Misleading Marketing? Its business is organized in the segments of Chemicals, Plastics, Performance Products, Functional Solutions, Agricultural Solutions, and Oil and Gas. Meaning of BASF. BASF Agricultural Solutions – Global Website BASF’s sustainability targets in agriculture 2030 More about our contribution to the right balance and better yield They are eco-efficient and offer advantages over other materials in terms of cost-effectiveness, preservation of resources and environmental protection. IG Farben also achieved notoriety owing to its production of Zyklon-B, the lethal gas used to murder prisoners in German Nazi extermination camps during the Holocaust. The amount of waste BASF produces has continued to fall. The BASF Plant Science subsidiary produces the Amflora and Starch Potato genetically modified potato with reduced amylose. BASF is an acronym for Badische Anilin und Soda Fabrik (German for ''Baden Aniline and Soda Factory''). [60], BASF has created filters for wastewater treatment plants that help to reduce emissions. This development followed extensive research and development by Rudolf Knietsch, for which he received the Liebig Medal in 1904. [58], BASF SE has succeeded in developing a semi-crystalline polyamide that allows light to pass through largely unhindered. Urethane chemicals are raw materials used in rigid and flexible foams commonly used for insulation in the construction and appliance industries, furniture, packaging, and transportation. In the 1960s, production abroad was expanded and plants were built in Argentina, Australia, Belgium, Brazil, France, India, Italy, Japan, Mexico, Spain, United Kingdom and the United States. ", "Largest chemical companies worldwide based on revenue in 2017 (in billion U.S. dollars)", https://www.basf.com/group/corporate/en/about-basf/profile/index, "UPDATE 2-Germany's BASF says to delist from NYSE", "Börse Frankfurt (Frankfurt Stock Exchange): Stock market quotes, charts and news", "European shares drop after weak BASF and Novartis updates", "1865–1901: The Birth of the Chemical Industry and the Era of Dyes", "BASF opens production facility for concrete admixtures in Kazan, Russia", Construction starts on BASF's Zhanjiang smart project, "BASF bids $3 bln for Switzerland's Ciba", "BASF Acquires Sorex Pest Control Business; Deal Includes Whitmire Micro-Gen", "BASF Acquires Cognis in $3.8 Billion Deal", "Siegfried buys BASF drug ingredient businesses for $306 million", "Bayer to Sell Assets to BASF for $7 Billion Amid Scrutiny of Monsanto Megadeal", "Competition Bureau asks Bayer to divest some Canadian assets to win Monsanto deal approval", "Japan's DIC Corp. to Buy BASF's Pigments Unit for $1.1 Billion", "Wet future: Streamlined DuPont is buying again, adds BASF water", "Dicamba-Related Federal Trial Begins In Southeast Missouri", "Monsanto's defense: Fungal disease, not dicamba, to blame for peach farmer's problems", "Dicamba on trial: Monsanto officials limited testing on their own plots", "Dicamba Goes On Trial: The History Behind Monsanto's Friendship-Wilting Weed Killer", "Peach farmer takes stand in lawsuit against Bayer, BASF", "Jury finds in favor of Missouri peach grower in lawsuit against Bayer, BASF", https://www.bloomberg.com/news/articles/2020-02-14/bayer-ordered-to-pay-15-million-over-dicamba-crop-damage, "Monsanto, BASF Will Pay $250 Million In Punitive Damages In First Dicamba Trial", https://www.nytimes.com/aponline/2020/02/15/business/bc-us-dicamba-lawsuit-missouri.html, "BASF Bilanz, Gewinn und Umsatz | BASF Geschäftsbericht | BASF11", "BAS.DE Key Statistics | BASF SE NA O.N. The purchase price for equity was about €2.2 billion. Throughout the war, Allied bombers attacked the plants 65 times. . [9], The development of the Haber process from 1908 to 1912 made it possible to synthesize ammonia (a major industrial chemical as the primary source of nitrogen), and, after acquiring exclusive rights to the process, in 1913 BASF started a new production plant in Oppau, adding fertilizers to its product range. [14] With the German economic miracle in the 1950s, BASF added synthetics such as nylon to its product range. In Central and Eastern Europe, Wintershall works with its Russian partner Gazprom. Customers are the automotive, oil, paper, packaging, textile, sanitary products, detergents, construction materials, coatings, printing, and leather industries. Schwarzheide, BASF Schwarzheide GmbH, Germany 1/20/21 Customer Care Coordinator - Gauteng (Chemetall) Professional, 1504-Chemetall S.A. Johannesburg, 1504-Chemetall S.A., South Africa Show all current vacancies. [9], Sodium carbonate (soda) was produced by the Leblanc process until 1880 when the much cheaper Solvay process became available. Discuss these BASF Corporation abbreviations with the community: 0 Comments. On 9 April 2009, the acquisition was officially completed. The company delisted its ADR from the New York Stock Exchange in September 2007. Although the parts are usually manufactured at different locations, this tool helps provide perfect color harmony. BASF developed polystyrene in the 1930s and invented Styropor in 1951. [61], While BASF publishes its environmental information in the US and Europe, Greenpeace has expressed deep concerns at BASF's refusal to release environmental information on its operations in China. The most important customers for this segment are the pharmaceutical, construction, textile, and automotive industries. The company agreed to acquire Ciba (formerly part of Ciba-Geigy) in September 2008. [28], In September 2019, BASF signed an agreement with DuPont Safety & Construction, a subsidiary business unit of DuPont Co., to sell its ultrafiltration membrane business, Inge GmbH. [46][47] The company also researches nutrigenomics. With our ColorCARE ® program, we help ensure that plastic add-on parts, such as bumpers and side-view mirrors, are a perfect match to the car body. BASF AB 75% of the BASF shares are held by institutional investors (BlackRock more than 5%). expanding its international activities with a particular focus on Asia. BASF was the nominal survivor, as all shares were exchanged for BASF shares before the merger. BASF's Functional Solutions segment consists of the Catalysts, Construction Chemicals and Coatings divisions. Carl Wurster lead the Zyklon B production of Degesch. [13] In 1952, BASF was refounded under its name following the efforts of former Nazi Party member and Third Reich Wehrwirtschaftsführer (war economy leader) Carl Wurster. [42] The US-China trade war as well as uncertainties related to Brexit were identified as contributing factors. That’s why we are investing in a strong research and development pipeline to underpin a broad portfolio of fungicides, herbicides, insecticides and biological crop protection products, as well as seeds, traits, seed treatment products and digital solutions. [50] In correlation to this work, BASF has licensed many gene editing tools including CRISPR Cas9 and CRISPR Cpf1[51][52]. Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}49°29′47″N 8°25′57″E / 49.49639°N 8.43250°E / 49.49639; 8.43250. The chemical factory IG Auschwitz has a width of 3 km and a length of 8 km, resulting in a size of 24km². /content/basf/nutrition/global/en /content/basf/nutrition/global/en/human-nutrition /content/basf/nutrition/global/en/human-nutrition/products [59], In 2006 BASF was included in the Climate Leadership Index for their efforts in relation to climate change and greenhouse gas emissions. [29] According to BASF executives, Inge Gmbh and its products fit better with DuPont and their business strategy. Engelhorn had been responsible for setting up a gasworks and street lighting for the town council in 1861. In March 2007 Sorex was put up for sale with a price tag of about £100 million. The state department of health reviewed the test results and determined that the amounts found were well below recommended public health screening levels. BASF also offers a range of smart solutions for pest problems in urban and rural areas. Couldn't find the full form or full meaning of BASF Corporation? 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