| BASF provides $1 million in aid to Hurricane Katrina relief efforts
FLORHAM PARK, N.J., Sept. 2, 2005 –- BASF today announced that it will donate $1 million to agencies supporting Hurricane Katrina relief and recovery efforts in the company’s site communities in Louisiana, Mississippi, Alabama, and Texas.
In addition to direct cash donations, the company has established the BASF Katrina Relief Fund with the Baton Rouge Area Foundation to accept employee and retiree contributions during the month of September to aid those affected by Hurricane Katrina, primarily in Ascension Parish, where BASF’s Geismar, La., site is located.
“In keeping with BASF’s tradition of helping the communities surrounding our sites, we will do everything we can to assist people whose lives have been devastated by Hurricane Katrina and its aftermath,” said BASF Corporation Chairman and Chief Executive Officer Klaus Peter Loebbe. “We are still learning the full extent of the devastation. As we hold those who are going through so much pain and suffering in our thoughts and prayers, we are committed to supporting the relief and recovery efforts and help meet the challenges of the days and weeks ahead.”
BASF Corporation’s disaster relief effort will also include the following:
- Establishing a program to provide short-term financial aid for the immediate needs of BASF employees seriously impacted by Hurricane Katrina.
- Allowing employees, at their managers’ discretion, in the affected states to volunteer on company time to help assist those in need.
- Working with several organizations to bring BASF products, technology and expertise to help in the rebuilding efforts.
BASF - The Chemical Company. We don't
make a lot of the products you buy. We make a lot of the products
you buy better.®
BASF Corporation, headquartered in New Jersey, is the North American
affiliate of BASF AG, Ludwigshafen, Germany. We employ about
10,000 people in North America
and had sales of approximately $11 billion in 2004. For more information about
BASF’s North American operations, or to sign up to receive news releases
by e-mail, visit www.basf.com/usa.
BASF is the world’s leading chemical company: The Chemical
Company. Its portfolio ranges from chemicals, plastics, performance
products, agricultural products and fine chemicals to crude oil
and natural gas. As a reliable partner to virtually all industries,
BASF’s intelligent solutions and high-value products help
its customers to be more successful. BASF develops new technologies
and uses them to open up additional market opportunities. It combines
economic success with environmental protection and social responsibility,
thus contributing to a better future. In 2004, BASF had approximately
82,000 employees and posted sales of more than $50 billion. BASF
shares are traded on the stock exchanges in Frankfurt (BAS), London
(BFA), New York (BF), Paris (BA) and Zurich (AN). Further information
on BASF is available on the Internet at www.basf.com.
For more information, contact:
Glenn Majeski
BASF
Florham Park, N.J.
Tel: (973) 245-6070
E-mail: majeskg@basf.com
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