BASF

BASF-Hochhaus position in Germany

BASF AG is a German chemical company. BASF originally stood for Badische Anilin- & Soda–Fabrik (Baden Aniline and Soda Factory). Today, the four letters are a registered trademark. It is listed on the Frankfurt Stock Exchange. The BASF Group comprises more than 160 subsidiaries and joint ventures and operates production sites in 41 countries in Europe, Asia, North America and South America. Its headquarters are located in Ludwigshafen am Rhein (Rhineland-Palatinate, Germany). At the end of 2003, the company employed more than 87,000 people, with over 48,000 in Germany alone. BASF has customers in over 170 countries and supplies about 8,000 products to a wide variety of industries. In 2003, BASF posted sales of €33.4 billion and income from operations before special items of almost €3 billion. The company is currently expanding its international activities with a particular focus on Asia. Between 1990 and 2005, the company will invest €5.6 billion in Asia, for example in sites near Nanjing and Shanghai, China.


Business segments

BASF operates in a variety of markets. Its business is organized in the segments Chemicals, Plastics, Performance Products, Agricultural Products & Nutrition and Oil & Gas.

Chemicals

BASF produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries.

Plastics

BASF is the international leading producer of styrenics. Engineering plastics are sold to injection molders in a variety of industries. BASF’s polyurethanes have very diverse uses worldwide.

Performance Products

BASF produces a range of performance chemicals, coatings und functional polymers. These include raw materials for detergents, textile and leather chemicals, pigments and raw materials for adhesives. Customers are the automotive, oil, paper, packaging, textile, sanitary products, detergents, construction materials, coatings, printing and leather industries.

Agricultural Products & Nutrition

BASF is a supplier of agricultural products and fine chemicals for agriculture and animal nutrition, and for the pharmaceutical, food and cosmetic industries. In the field of plant biotechnology, BASF is concentrating on solutions for effective agriculture, healthier nutrition and plants to make products more efficiently. Products from this segment include fungicides, pesticides, herbicides, vitamins, pharmaceutical active ingredients and UV absorbers for sun creams.

Oil & Gas

BASF explores for and produces oil and gas through its subsidiary Wintershall AG. In Central and Eastern Europe, Wintershall works with its Russian partner Gazprom.

BASF history

BASF in Ludwigshafen

BASF was founded in Mannheim, Germany, by Friedrich Engelhorn in 1865 for the production of dyes. In 1867, research into synthesis of the dye indigo was successfully concluded. Until this time, indigo was extracted from plants and was expensive. Industrial production meant that the price could be cut drastically, and one effect was to make jeans affordable work clothes. The development of the Haber-Bosch process from 1908 to 1912 made it possible to synthesize ammonia, and in 1913 BASF started a new production plant in Oppau, adding fertilizers to its product range.

As a result of this monopoly, BASF was able to start operations at a new site in Leuna in 1916, where explosives were produced during the First World War. On September 21, 1921, an explosion occurred in Oppau, killing 565 people. This was the biggest catastrophe in German industry. Under the leadership of Carl Bosch, BASF founded IG Farben together with Hoechst, Bayer and three other companies, thus losing its independence. Rubber, fuels and coatings were added to the product range. In 1935, the BASF and AEG presented the magnetophone – the first tape recorder – at the Radio Exhibition in Berlin. Following the appointment of Adolf Hitler as Chancellor in 1933, IG Farben cooperated with the Nazi regime, profiting from guaranteed volumes and prices and from the forced laborers provided by the government.

The Ludwigshafen site was almost completely destroyed during the Second World War and was subsequently rebuilt. The allies dissolved IG Farben in November 1945. On July 28, 1948 an explosion in which 207 people died occurred in Ludwigshafen. In 1952, BASF was refounded under its own name. With the German economic miracle in the 1950s, BASF added synthetics such as nylon to its product range. BASF developed polystyrene (Styropor®) in 1951.

In the 1960s, the production abroad was expanded and plants were built in Argentina, Australia, Belgium, Brazil, France, United Kingdom, India, Italy, Japan, Mexico, Spain and the United States. Following a change in corporate strategy in 1965, greater emphasis was placed on higher-value products such as coatings, pharmaceuticals, crop protection agents and fertilizers. Following the reunification of Germany, BASF acquired a site in Schwarzheide, eastern Germany, on October 25, 1990.


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Following the reunification of Germany, BASF acquired a site in Schwarzheide, eastern Germany, on October 25, 1990.
Source: http://www.mitsubishi-motors.com/corporate/ir/stockinfo/e/index.html (As of 31 Sep 2004). Following a change in corporate strategy in 1965, greater emphasis was placed on higher-value products such as coatings, pharmaceuticals, crop protection agents and fertilizers. Capital Guardian Trust Company 0.82%. In the 1960s, the production abroad was expanded and plants were built in Argentina, Australia, Belgium, Brazil, France, United Kingdom, India, Italy, Japan, Mexico, Spain and the United States. 0.88%. BASF developed polystyrene (Styropor®) in 1951. Morgan Securities, Ltd.

With the German economic miracle in the 1950s, BASF added synthetics such as nylon to its product range. J.P. In 1952, BASF was refounded under its own name. (Holder in Trust) 0.93%. On July 28, 1948 an explosion in which 207 people died occurred in Ludwigshafen. The Master Trust Bank of Japan, Ltd. The allies dissolved IG Farben in November 1945. 0.97%.

The Ludwigshafen site was almost completely destroyed during the Second World War and was subsequently rebuilt. Morgan Whitefriars Inc. Following the appointment of Adolf Hitler as Chancellor in 1933, IG Farben cooperated with the Nazi regime, profiting from guaranteed volumes and prices and from the forced laborers provided by the government. J.P. In 1935, the BASF and AEG presented the magnetophone – the first tape recorder – at the Radio Exhibition in Berlin. The Mitsubishi Trust and Banking Corporation 1.45%. Rubber, fuels and coatings were added to the product range. 1.63%.

Under the leadership of Carl Bosch, BASF founded IG Farben together with Hoechst, Bayer and three other companies, thus losing its independence. The Bank of Tokyo-Mitsubishi, Ltd. This was the biggest catastrophe in German industry. DaimlerChrysler MMC Beteiligungsgesellschaft mbH 1.83%. On September 21, 1921, an explosion occurred in Oppau, killing 565 people. 1.89%. As a result of this monopoly, BASF was able to start operations at a new site in Leuna in 1916, where explosives were produced during the First World War. Phoenix Capital Partners III Co., Ltd.

The development of the Haber-Bosch process from 1908 to 1912 made it possible to synthesize ammonia, and in 1913 BASF started a new production plant in Oppau, adding fertilizers to its product range. Morgan Whitefriars Equity Derivative 2.22%. Industrial production meant that the price could be cut drastically, and one effect was to make jeans affordable work clothes. Japan Securities Finance Co., Ltd 2.85%. Until this time, indigo was extracted from plants and was expensive. Mitsubishi Corporation 2.92%. In 1867, research into synthesis of the dye indigo was successfully concluded. 5.67%.

BASF was founded in Mannheim, Germany, by Friedrich Engelhorn in 1865 for the production of dyes. Phoenix Capital Partners II Co., Ltd. In Central and Eastern Europe, Wintershall works with its Russian partner Gazprom. 8.30 %. BASF explores for and produces oil and gas through its subsidiary Wintershall AG. Mitsubishi Heavy Industries, Ltd. Products from this segment include fungicides, pesticides, herbicides, vitamins, pharmaceutical active ingredients and UV absorbers for sun creams. 9.06%.

In the field of plant biotechnology, BASF is concentrating on solutions for effective agriculture, healthier nutrition and plants to make products more efficiently. Phoenix Capital Partners IV Co., Ltd. BASF is a supplier of agricultural products and fine chemicals for agriculture and animal nutrition, and for the pharmaceutical, food and cosmetic industries. 11.33%. Customers are the automotive, oil, paper, packaging, textile, sanitary products, detergents, construction materials, coatings, printing and leather industries. Phoenix Capital Partners I Co., Ltd. These include raw materials for detergents, textile and leather chemicals, pigments and raw materials for adhesives. DaimlerChrysler AG 18.88%.

BASF produces a range of performance chemicals, coatings und functional polymers. The car has been well-received in the press and by the public, but its staying power and implications for the company as a whole remain to be seen. BASF’s polyurethanes have very diverse uses worldwide. These rumors proved unfounded, as evidenced by the debut of a fourth-generation Eclipse. Engineering plastics are sold to injection molders in a variety of industries. In January 2005, there were rumours that Mitsubishi might withdraw from the United States. BASF is the international leading producer of styrenics. At this point however, this plan has not been put into action.

The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries. Currently, Phoenix Capital has announced intentions to purchase a larger percent of Mitsubishi stock and turn the company into an exclusive manufacturer of sports cars and trucks/SUVs. BASF produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, basic petrochemicals and inorganic chemicals. With the introduction of a newer Lancer that figure may increase. Its business is organized in the segments Chemicals, Plastics, Performance Products, Agricultural Products & Nutrition and Oil & Gas. While Russia is still a developing market, Mitsubishi's sales there have already exceeded previous-year sales, and 2005 sales are expected to increase over 70%. BASF operates in a variety of markets. Despite this trend is Mitsubishi has seen remarkable growth in Russia.

. Similarly, the launch of a new Galant, sold in the US from 2003, was staged over years rather than months, and as of mid-2005 it still has not replaced the mid-1990s model in many nations.
. Until then, MMC's Thai plant was still producing its predecessor for both domestic and export markets. Between 1990 and 2005, the company will invest €5.6 billion in Asia, for example in sites near Nanjing and Shanghai, China. Although a new Lancer (Lancer Cedia) was available in Japan and the US from around 2000, it failed to introduce this model in many other nations until 2004. The company is currently expanding its international activities with a particular focus on Asia. In other countries, MMC's product launches have been absymal.

In 2003, BASF posted sales of €33.4 billion and income from operations before special items of almost €3 billion. Mitsubishi has also been active in OEM production of cars for Nissan, and has just (July 2005) announced a partnership with PSA Peugeot Citroën to manufacture an SUV. BASF has customers in over 170 countries and supplies about 8,000 products to a wide variety of industries. It will, however, get a version of the Dodge Dakota pickup truck, and will continue work with DC on future small cars. At the end of 2003, the company employed more than 87,000 people, with over 48,000 in Germany alone. In August, 2004, Mitsubishi announced that it would not continue with a plan to have DaimlerChrysler produce a minivan for it. Its headquarters are located in Ludwigshafen am Rhein (Rhineland-Palatinate, Germany). In July, 2004, Mitsubishi announced that it would immediately cancel the slow-selling Diamante, Lancer Sportback station wagon, Montero Sport, and (in 2005) the Montero in the US market, and would scale back purchase projections for the Mitsubishi/Hyundai/Chrysler Global Engine Manufacturing Alliance engines.

The BASF Group comprises more than 160 subsidiaries and joint ventures and operates production sites in 41 countries in Europe, Asia, North America and South America. At the end of the 3rd qurater, the half year result between April to Sept 2004 showed the company suffered net loss of over 146 billion yen during the period. It is listed on the Frankfurt Stock Exchange. The announcement followed by massive recalls of over half a million vehicle. Today, the four letters are a registered trademark. By that time, the company had $9 billion debt, with $1.9 billion loss in for the fiscal year ended March 31. BASF originally stood for Badische Anilin- & Soda–Fabrik (Baden Aniline and Soda Factory). Among the 30 defects, 4 had publicized in 2000.

BASF AG is a German chemical company. In June, 2004, Mitsubishi Motors admitted it had systematically covered up auto defects for 25 years. However, the company showed marginal year-on-year improvement as of June 2005, indicating that the company's slump may be bottoming out, or even a possible return to form. Mitsubishi's sales in the important US market dropped more than 45 per cent between 2003 and 2004, and the company has fallen behind Mazda in terms of total US sales. DaimlerChrysler has refused to buy more Mitsubishi stock than it already has, and the company is scrambling to develop more cars to both retake the youth market and compete in the mainstream market against companies such as Toyota and Honda.

Mitsubishi is also facing accusations of actively searching for the names of drivers who race their Lancer Evolutions in order to void their warranties (car companies usually void warranties if they find out the customer has raced the vehicle, legitimately or not). Mitsubishi Motor's parent company is dealing with multiple controversies over unfair business practices, the quality of its products, and the mistreatment of employees (for more details, see Mitsubishi article). Ironically, the US youth market aided in the company's economic misfortunes because young buyers would default on their car loans, especially on expensive sports cars like the Eclipse and GTO. With the exception of the Lancer Evolution rally homologation car and Endeavor SUV, sales have dropped drastically, especially in the critical US 18–35 youth market the company once had a hold of.

Mitsubishi has recently fallen on hard economic times. Mitsubishi has also exported car platform designs and manufacturing know-how to Hyundai in South Korea and Proton in Malaysia. In the late 1980s, the Eagle brand was used for some Mitsubishi products in the US. In some countries, Colt was used as the marque.

Many of Mitsubishi's early exports bore Chrysler brands such as Chrysler Valiant (in Australia), Dodge and Plymouth. That began changing in the United States in 1982. For many years, Mitsubishi did not sell in North America under its own brand. Some Chrysler cars use Mitsubishi componentry, but have been gravitating toward more use of Mercedes-Benz componentry, which is considered superior.

Mitsubishi has been engaged in a long-term venture with Chrysler (now DaimlerChrysler), assembling a series of cars and trucks for Chrysler brands since the 1970s. . Mitsubishis are manufactured globally and exported into most major markets, including the Far East, Europe, and the U.S.. Mitsubishi Motors Corporation (in Japanese: 三菱自動車工業株式会社, in romaji Mitsubishi Jidōsha Kōgyō Kabushiki Kaisha) (TYO: 7211) is a Japanese automobile company, manufacturing an extensive range of cars and trucks (see Fuso).

Gas Engine. Diesel Engine (plus to Industrial Engine). Gasoline Engine. Mitsubishi Tredia (1982 - 1990).

Mitsubishi Strada (1991 - Current). Mitsubishi Starion (1982 - 1990). Mitsubishi Space Star & Expo, Chariot (from Hyundai Santamo, Kia Carstar and Plymouth Colt Vista, Eagle Summit Van Wagon). Mitsubishi Space gear (from Hyundai Starex, 1994 - Current).

Mitsubishi Sapporo (from, Plymouth Sapporo, 1976 - 1983). Mitsubishi RVR (1991 - Current). Mitsubishi Raider (2005 - Current). Mitsubishi Proudia (from Hyundai Equus, 1997 - 2004).

Mitsubishi Precis (from Hyundai Excel, 1986 - 1994). Mitsubishi Pajero Mini (1994 - Current). Mitsubishi Pajero Sport/Montero Sport/Challenger (1996 - 2004). Mitsubishi Pajero/Montero (from Hyundai Galloper, 1982 - Current).

Mitsubishi Outlander (2003 - Current). Mitsubishi Nimbus (1983 - Current). Mitsubishi Mirage (1978 - 2001). Mitsubishi Minicab (1966 - Current).

Mitsubishi Minica (1962 - Current). Mitsubishi Mighty Max (1982 - 1996). Mitsubishi Magna. Mitsubishi L200 (1987 - Current).

Mitsubishi Lancer Evolution (1992 - Current). Mitsubishi Lancer (1973 - Current). Mitsubishi GTO (1990 - 1998). Mitsubishi Grandis.

Mitsubishi Galant (from also USA & Canada manufacturing make to 1982, 1969 - Current). Mitsubishi FTO (1994 - 2000). Mitsubishi Forte (1970 - 1986). Mitsubishi Endeavor (2004 - Current).

Mitsubishi eK (a Keicar). Mitsubishi Eclipse (1989 - Current). Mitsubishi Dion (2000 - Current). Mitsubishi Diamante (1990 - 2004).

Mitsubishi Delica & Wagon Van, Colt Van (from Hyundai Grace and Hyundai Porter, 1968 - Current). Mitsubishi Debonair (from Hyundai Grandeur, 1964 - 1999). Mitsubishi Colt (from Dodge Colt and Plymouth Champ, 1965 - 1994). Mitsubishi Cordia (1982 - 1990).

Mitsubishi Carisma (1995 - Current). Mitsubishi Airtrek (2001 - Current). Stuttgart Germany, London UK and Other Europe manufacturing systems. In Europe

    .

    Tonsley Park, Adelaide Mitsubishi Motors Australia Limited. In Australia

      . also to Canada manufacturing systems.(formerly shared with DaimlerChrysler, but no longer as of January 2005). Normal, Illinois Passenger Car, Recration Vehicle and Commercial Vehicle(Truck) manufacturer.

      In the USA

        . Shiga 滋賀 (Shiga). Kyoto 京都 (Kyoto). Mizushima 水島 (Okayama).

        Okazaki 岡崎 and Oe 大江 (Nagoya) (Aichi). In Japan

          . Cypress (California (USA)) Design. Illinois (USA) Research.

          Trebur (Hessen (Germany)) Research. Worldwide

            . Tama 多摩 (Tokyo) Design. Shinagawa 品川 and Tamachi 田町 (Tokyo) Headquarters.

            In Japan

              .