Commission approved the acquisition of the polyamide business, subject to certain conditions, on January 18, 2019. The purchase price for the polyamide business acquired by BASF on a cash and debt-free basis amounts to €1.3 billion; sales generated in 2018 were about €1.0 billion. BASF is proud to support Rapid Response Platform (RRP), an instant visibility matching platform that connects supply and demand of COVID-19 related supplies, such as input materials and end products for PPE. There are several benefits to roadmapping consultancy, workshops and training programmes: Agile and iterative approach for strategy and planning. Corporate Learning. Corporate Benefits; Diversity at imc; Working at imc locations; Working Environments; Your start at imc. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. ), JPG ( Find out more about this initiative which has received broad Canadian industry support, and participate by posting your needs or supplies This will allow BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility. On January 31, 2020, BASF closed the acquisition of Solvay’s polyamide (PA 6.6) business. “We need to have an active, positive dialogue about trade, ensuring positive benefits are identified, planned, and shared," said Mackey to ICIS. From breaking news to corporate updates, we're in a constant pursuit to improve the world around us. At BASF, we create chemistry for a sustainable future. This will allow BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility. Learn more. ). BASF Online Report 2019 Our integrated corporate report combines financial and sustainability reporting to inform shareholders, employees and the interested public about the 2019 business year. Download all tables of the BASF Report 2019 as Excel files. pages), Responsible conduct along the value chain (31 Commission as the buyer. Employees receive two significant benefits from 401(k) plans and other tax-exempt retirement accounts: first, there is the obvious tax benefit. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com. Originally published at basf.com by Anna Spiewak. By using these spray programs, Superintendents have a customized rotation management plan for disease control and strong, resilient turf all year long. 14 on The DiversityInc Top 50 Companies for Diversity list in 2020. Consensus-building approach to decision-making for key stakeholders to action workshop outputs. Facebook; LinkedIn; Twitter; Mail; Search to page top. Learn more, Material Investments and Portfolio Measures, Additional Indicators for Results of Operations, Discontinued Construction Chemicals Business, Environmental Protection, Health and Safety, Competence Profile, Diversity Concept and Succession Planning for the Board of Executive Directors, Competence Profile, Diversity Concept and Objectives for the Composition of the Supervisory Board, Participation of Women in Leadership Positions, Statement by the Board of Executive Directors, Auditor’s Report Regarding the Integrated Non-Financial Group Statement, Statement of Income and Expense Recognized in Equity, Discontinued Operations / Disposal Groups, Investments Accounted for Using the Equity Method, Services Provided by the External Auditor, Declaration of Conformity with the German Corporate Governance Code, Non-Adjusting Post-Balance Sheet Date Events. In September 2017, BASF signed an agreement with Solvay on the acquisition of Solvay’s global polyamide business, subject to the approval of the relevant antitrust authorities. The BASF Turf Spray Programs are meticulously designed for the specific growing season, climate, and key diseases in 20 different geographical areas. The transaction also enhances the company’s access to growth markets in Asia as well as in North and South America. The Alsachimie JV between BASF and DOMO Chemicals in France employs approximately 650 employees, the Butachimie JV between BASF and Invista has approximately 400 employees. The business will be integrated into the Performance Materials and Monomers divisions of BASF. We transform learning strategies into real business success . “With a broader portfolio, a stronger regional presence and improved supply reliability BASF will deliver significant benefits to our customers,” said Wayne T. Smith, member of the Board of Executive Directors of BASF SE. For now, the main benefits are to identify hot spots in a product life cycle and efficiently concentrate resources. The transaction broadens BASF’s polyamide capabilities with innovative and well-known products such as Technyl®. Shareholders. The transaction broadens BASF’s polyamide capabilities with innovative and well-known products such as Technyl®. We combine economic success with environmental protection and social responsibility. In 2009 the management team at Shell Chemicals Seraya Pte Ltd took on responsibility for the operation of the Shell owned mono-ethylene glycols plant on Jurong Island. BASF Online Report 2019; en. These conditions required the sale of parts of the original transaction scope to a third party, specifically Solvay’s production plants and innovation competencies in the engineering plastics field in Europe. Find out more about the BASF Online Report 2019 BASF generated sales of around €63 billion in 2018. pages), The BASF Group’s business year (18 tables), Responsible conduct along the value chain (8 tables), The Board of Executive Directors of BASF SE. In 2002 a new Styrene Monomer/Propylene Oxide (SM/PO) plant owned by Ellba Eastern (Pte) Ltd, a 50:50 manufacturing joint venture between Shell and BASF, came on-stream. Catch up with all Dow developments here. Cookies help us deliver our services. Create a unique learning experience . 148.1 kB At closing, approximately 700 Solvay employees join BASF. News releases via push notification directly to your smartphone, Dr. Download the entire BASF Report 2019 as a PDF. Corporate Governance; Financial Information; Press & Events; Shareholder Information ; The Hain Celestial Group is a leading organic and natural products company with operations in North America, Europe and India. Cookies help us deliver our services. Flexible and adaptable to fit the needs of any business, organisation or sector. Choline, which is included in the vitamin B group (vitamin B4), is absolutely necessary for the formation of vital bodily substances, for example creatine and adrenaline, and in … The approximately 122,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. OK. BASF Online Report 2019. In addition, it encompasses shares in two joint ventures (JV) in France: Solvay’s 50% share in the Butachimie JV with Invista to produce ADN and hexamethylenediamine (HMD) and a 51% share in the new Alsachimie JV between BASF and DOMO Chemicals to produce adipic acid. ERGs are generally based on providing support, enhancing career development, and contributing to personal development in the work environment. The BASF Group’s business year (60 BASF Report 2019 (PDF) ; Excel files (XLS) ; Download the entire BASF Report 2019 as a PDF. The Product Standard provides some guidance on how companies with a goal for comparison can use and/ or develop product rules in conjunction with the standard. Stefanie Wettberg, BASF closes acquisition of polyamide business from Solvay, At BASF, we create chemistry for a sustainable future. BASF ranked No. Geoff Mackey, BASF's director of corporate affairs and sustainability, is among the 19 commissioners appointed to the new group. 1.2 MB The approximately 122,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. “The acquisition stands for our strong commitment to the polyamide business globally.”. By using our services, you agree to our use of cookies. Hain Celestial participates in many natural categories with well-known brands. The E.U. On January 31, 2020, BASF closed the acquisition of Solvay’s polyamide (PA 6.6) business. Your application ; Your contact; Apprenticeship; Students; Contact us; Rethinking. Employee resource groups (also known as ERGs, affinity groups, or business network groups) are groups of employees who join together in their workplace based on shared characteristics or life experiences. BASF generated sales of around €63 billion in 2018. The latest research combined with human expertise and thinking. The transaction between Solvay and BASF includes eight production sites in Germany, France, China, India, South Korea, Brazil and Mexico as well as research and development centers and technical consultation centers in Asia, North and South America. Through the backward integration into the key raw material adiponitrile (ADN), BASF will now be present along the entire value chain for polyamide 6.6 and improve its supply reliability. Elizabeth Monroe was inspired to work in manufacturing at an early age - thanks to her father. The transaction between Solvay and DOMO Chemicals also closed on January 31, 2020. He was a quality control chemist. We combine economic success with environmental protection and social responsibility. Download PDF (16.2 MB) Download all . DE DE. DOMO Chemicals, Leuna, Germany, was approved by the E.U. By using our services, you agree to our use of cookies. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at, /content/basf/www/global/en/media/news-releases, /content/basf/www/global/en/media/news-releases/2020/01/p-20-114, PDF ( Product rules offer more specification for a given product category than the general standard can provide.