BASF Reporting Fact Sheet - New Business Segments 2008
Effective from January 1, 2008, BASF has reorganized its segments. In doing so, we aim to focus even more closely on our customers and markets, increase transparency for our investors and enhance efficiency and flexibility for shaping our future. Details of the reorganization can be found on pages 12 and 13 of BASF's Report 2007. The following major changes arise from the restructuring:
- The new segment Functional Solutions comprises the operating divisions Catalysts, Construction Chemicals, and Coatings. In this segment, we are bundling the majority of our systems solutions and products for the automotive and construction industries.
- We have established a new operating division, Care Chemicals, in the Performance Products segment. In Care Chemicals, we have merged the activities of the former Fine Chemicals division with the detergents and formulators business from the Performance Chemicals division.
- The specialty plastics and foams business units have been transferred from the Styrenics division to the Performance Polymers division. The Styrenics businesses that we intend to divest are reported under "Other."
- Corporate costs are reported under "Other." These costs were previously assigned to the operating divisions.
NOTE: Should you do further analysis comparing the 2006/2007 results under the new reporting structure with the 2006/2007 results that were reported under the old segment structure, you do have to adjust for corporate costs under the old structure.
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