The BASF SE Annual Meeting on April 24, 2008 resolved a two-for-one stock split. Shareholders will receive an additional BASF share for each existing share at no added cost. The reorganization of the securities deposit accounts and the stock exchange listing will take place on June 27, 2008.
Ludwigshafen, Germany – June 19, 2008 – The Board of Executive Directors of BASF SE has decided to start a new share buyback program and plans to buy back shares for €3 billion up to mid-2010. The share repurchase can start immediately based on the authorization by the Annual Meeting held on April 24, 2008.
BASF is planning to construct a production plant for sodium methylate in Guaratinguetá, Brazil, its largest site in South America. The plant, which will have a capacity of 60,000 metric tons per year, will be the first such plant for this product in South America and is primarily intended to supply the regional market.
Ludwigshafen, Germany – April 24, 2008 – The BASF Group has continued on its successful path in the first three months of 2008. Having posted a further record quarter, it is confident with regard to the coming months. First-quarter sales rose by almost 9 percent to €15.9 billion, while income from operations (EBIT) before special items increased by more than 11 percent compared with the same period of 2007 to almost €2.4 billion.
BASF SE has announced plans for a significant expansion of its production plant for the biodegradable plastic Ecoflex® at the company’s Ludwigshafen site. The move will raise Ecoflex production capacities from the current 14,000 by 60,000 metric tons per year. Production at the expanded plant will commence in the third quarter of 2010.
Beijing, China – March 19, 2008 – BASF and China Petroleum & Chemical Corporation (Sinopec Corp.) today submitted the technical and commercial feasibility study for the approval of the planned $900 million expansion of their joint chemical Verbund site in Nanjing to the Chinese government.
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.
Ludwigshafen, Germany and Lyndhurst, United Kingdom – March 13, 2008 – BASF SE and INEOS Nitriles announced today that they have reached an agreement for INEOS Nitriles to buy the Seal Sands site of BASF plc on Teesside in the United Kingdom.
Ludwigshafen, Germany – March 12, 2008 – BASF SE has published its Report 2007, which for the first time combines the company’s fi-nancial and sustainability reporting in a single publication. By integrating data related to the environment and social responsibility in its financial reporting, BASF is again playing a pioneering role.
BASF Crop Protection has launched two active ingredients from its promising pipeline of development projects in the past few months: orysastrobin and metaflumizone.
