BASF appoints Peter Montenegro Market Development Manager serving the asphalt industry

CHARLOTTE, NC, July 18, 2007 – BASF announced today that it has appointed Peter Montenegro as Market Development Manager for Asphalt in the Construction business of BASF’s Functional Polymers Regional Business Unit (RBU) in North America.  In his new role, Montenegro will focus on the public transportation agency market segment.

Montenegro has an extensive background in liquid asphalt technologies. Much of the last 15 years, he was a marketing consultant to highway and heavy construction businesses, introducing new products into the Northeast region.

From November 1998 to March 2001, he was a territory manager for Chevron Products Company located in Perth Amboy, New Jersey, where he managed the marketing and sales of specification liquid asphalt materials.  In that position, he had responsibility for the greater New York City and Boston markets during the introduction of performance graded asphalt cements in concert with the implementation of Superpave hot-mix asphalt design specifications.  Also during that time, he helped Chevron’s hot-mix asphalt manufacturing customers to research thin-mix maintenance overlays that used BASF polymer products.  He has also worked with emulsified asphalt manufacturers/applicators on design specifications for BASF polymer modified cold-mix asphalt pavement maintenance systems.

Montenegro is a native of Massachusetts and a graduate of the University of Massachusetts at Amherst. He resides in Connecticut where he will continue to work for BASF from a home office.

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BASF Corporation, headquartered in New Jersey, is the North American affiliate of BASF AG, Ludwigshafen, Germany. BASF employs more than 15,500 in North America and had sales of approximately $14.3 billion in 2006. 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 high-value products and intelligent system solutions help its customers to be more successful. BASF develops new technologies and uses them to meet the challenges of the future and open up additional market opportunities. It combines economic success with environmental protection and social responsibility, thus contributing to a better future. BASF has approximately 95,000 employees and posted sales of €52.6 billion (approximately $66.1 billion) in 2006. Further information on BASF is available on the Internet at www.basf.com.

For more information contact:
Bill Pagano
BASF Corporation
Tel: (973) 245-6071
E-mail: william.pagano@basf.com