'Situation remains tough & difficult to predict' – Chairman, BASF
19 Jan '09
4 min read
These closures will result in a reduction of almost 200 jobs. Further job reductions may be necessary, depending on how economic conditions develop. In that event, the company will seek socially responsible solutions and will proceed with a long-term perspective.
Through these efforts, BASF aims to maintain its leading position in the chemical industry despite the tough economic environment. With its innovative products and system solutions, BASF helps companies in virtually all industries to become more innovative and thus lay the foundation for future growth.
This is an important contribution toward combating the economic crisis. BASF will therefore keep its research and development expenditures at a high level and will continue to invest in growth and pioneering areas such as plant biotechnology and products that increase energy efficiency.
About BASF:
BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from oil and gas to chemicals, plastics, performance products, agricultural products and fine chemicals. As a reliable partner BASF helps its customers in virtually all industries to be more successful.
With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF has more than 95,000 employees and posted sales of almost €58 billion in 2007.