As part of its strategy to focus its businesses more closely on its customers,
Germany-based BASF AG will restructure its businesses into six segments: Chemicals, Performance
Products, Plastics, Agricultural Solutions, Functional Solutions, and Oil & Gas.
The Performance Products segment will consist of the new Care Chemicals division — a
combination of the former Fine Chemicals division with the Performance Chemicals division’s
detergents and cleaners business — and the Acrylics & Dispersions, and Performance Chemicals
divisions.
The Plastics segment will consist of Styrenics, Performance Polymers and
Polyurethanes. The Chemicals segment will comprise Inorganics, Petrochemicals and
Intermediates.
The new Functional Solutions segment will consist of Catalysts, Construction
Chemicals and Coatings, while the Agricultural Solutions segment will contain Crop Protection. The
Oil & Gas segment will comprise Oil and Gas.
The restructuring, effective January 1, 2008, will enable BASF to bring products and
solutions to market faster, creating increased potential for value-added growth, according to Dr.
Jürgen Hambrecht, chairman of BASF’s Board of Executive Directors. He added that investors will be
able to better assess BASF because smaller businesses will be combined within the new
segments.
December 11, 2007
