News Releases

With today’s presentation of its corporate strategy, BASF is setting a new direction: “Our ambition is to be the preferred chemical company to enable our customers’ green transformation,” says Dr. Markus Kamieth, BASF’s Chairman of the Board of Executive Directors, during his keynote at the Capital Markets Day in Ludwigshafen: “The strong and broad portfolio of chemical businesses at our core is what makes BASF most relevant to customers globally, across a wide variety of industries. Our standalone businesses serve distinct industries and are less connected to our integrated value chains. Going forward, we will unlock the value of these businesses.”

BASF’s Performance Materials division reveals its strategic roadmap toward achieving carbon neutrality by 2050 and highlights key milestones on its way to a circular economy. With that, the division, which brings together BASF's entire materials know-how regarding innovative and customized plastics, positions at the forefront of the much-needed sustainability transformation in plastics.
 

BASF's Coatings division has official inaugurated its new Application and Technical Center in Jiangmen, China. Located within the site of BASF Coatings (Guangdong) Co., Ltd. (BCG), the center marks another major milestone in the continuous expansion of BASF Coatings’ global refinish technology network.

BASF has signed a Memorandum of Understanding (MoU) with UPC Technology Corporation (UPC), marking a significant step in their longstanding collaboration. This strategic partnership aims to foster long-term regional cooperation, focusing on the supply of plasticizer alcohols and catalysts for phthalic anhydride (PA) and maleic anhydride (MA), along with the development of sustainable solutions to reduce carbon emissions from operations and products.

“Overall, the development of EBITDA before special items in the second quarter of 2024 was in line with our expectations and the analyst consensus. We saw a continuation of the dynamics of the first quarter, marked by positive volume momentum across most of our businesses. There was still pressure on prices,” said Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE, when presenting the figures for the second quarter of 2024 together with Chief Financial Officer Dr. Dirk Elvermann.