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Results: 560

Business & Financial News | February 7, 2025

BASF and its partners publish 2024 results of the world’s first sustainable castor bean program, Pragati

Pragati, the world’s first sustainable castor bean program, completed eight years of operation in the 2023/2024 season. More than 8,000 farmers are now certified under the program, and individual farmer yields have increased significantly. The program has grown to more than 9,000 hectares of mostly semi-arid land under the SuCCESS® sustainability code.
Business & Financial News | January 24, 2025

BASF Group releases preliminary figures for full year 2024

Ludwigshafen – January 24, 2025 – The BASF Group’s sales for the full year 2024 are expected to be €65.3 billion (2023: €68.9 billion). This is in line with the figure estimated by analysts on average according to Vara. While volumes slightly increased, sales prices declined but showed a steady price recovery throughout 2024 compared with the respective quarter of the previous year. Currency effects negatively impacted the sales development.
Trade News | January 9, 2025

BASF to sell Styrodur® business to BACHL

Ludwigshafen, Germany – BASF has signed an agreement with Karl Bachl Kunststoffverarbeitung GmbH & Co. KG (BACHL) for the sale of its business with Styrodur®, an insulation material made from extruded polystyrene (XPS). BACHL is one of the leading manufacturers of insulation materials in Germany, an experienced XPS producer and a long-standing Styrodur® distribution partner of BASF. The sale also includes the brand Styrodur®. Approximately 50 employees in production, marketing and sales at BASF SE are involved in this business. The affected employees will remain with BASF SE. Subject to the approval of the relevant competition authorities, the completion of the sale is expected by mid-2025. The parties have agreed to keep the financial details of the transaction confidential.
Aerial view of BASF-site Illertissen (Germany) 

Photo: BASF SE
Business & Financial News | December 23, 2024

BASF to sell Food and Health Performance Ingredients business to Louis Dreyfus Company

BASF has signed a binding agreement to sell its Food and Health Performance Ingredients business, including the production site in Illertissen, Germany, to Louis Dreyfus Company (LDC), a leading global merchant and processor of agricultural goods including high-quality, plant-based ingredients. BASF’s Food and Health Performance Ingredients portfolio plays a vital role in addressing growing trends in human nutrition. However, the business has limited synergies and integration into BASF and is no longer a strategic focus area.
Trade News | November 5, 2024

BASF partners with Acies Bio to drive sustainable production of Personal and Home Care ingredients

Ludwigshafen, Germany and Ljubljana, Slovenia, November 5, 2024 – BASF and Acies Bio, one of Europe’s leading biotechnology companies, have entered into a transformative partnership to further develop a platform for fermentation technology from methanol for the production of fatty alcohols. Fatty alcohols are essential building blocks for several ingredients in the home and personal care markets, in particular surfactants. Acies Bio’s biotechnological expertise complements BASF’s drive for innovative solutions and contributes to shaping a more sustainable future.