Set-up of global research divisions
In 2018, we generated sales of around €9 billion with products launched on the market in the past ﬁve years that stemmed from research and development activities. In the long term, we aim to continue signiﬁcantly increasing sales and earnings with new and improved products. With our unique resources and capabilities, we aim to remain the most capable and the most innovative company. We will keep our commitment to long-term projects and breakthrough technologies. It is our ambition that our customers perceive us as their most attractive partner for all challenges that can be approached with chemistry.
Three research divisions
To achieve this ambitious goal, we are further developing the research organization and bundling our competencies in three global research divisions. Close together with the development units in our operating divisions, they form the core of our global Know-How Verbund. In addition, our global network of outstanding universities, research institutes and companies forms an important part of our Know-How Verbund. Our eight Academic Research Alliances bundle partnerships with several research groups in a geographic region or with a speciﬁc research focus.
The stronger presence outside of Europe will create new opportunities for building up and expanding customer relationships and scientific cooperation as well as for gaining access to talented employees. This strengthens the R&D Verbund and makes BASF an even more attractive partner and employer.
Our three global technology platforms are each run from the regions particularly significant for us – Europe, Asia Pacific and North America. Together with the development units in our operating divisions, they form the core of our global Know-How Verbund. BASF New Business GmbH and BASF Venture Capital GmbH supplement this network with the task of using new technologies to tap into attractive markets and new business models for BASF.
Our global network of universities, research institutes and companies forms an important part of our Know-How Verbund. We collaborate with them in many different disciplines. The direct access to external scientific expertise, new technologies and talented minds from various disciplines helps us to strengthen our portfolio with creative new projects.