BASF: The Brightest Star of the Chemical Industry

BASF, the largest chemical producer in the world, is now 153 years old and its timeline had its fair share of bright and dark spots. Chemical industry trends 2019 predict stronger days ahead for this German-based chemical company. But BASF had its fair share of turmoil too which also includes the time when it was under direct control of the French authorities following Germany's defeat in World War 2. However, the dark clouds were soon gone and BASF was refounded in 1952 riding high on the German economic miracle of the 1950s. This blog highlights some of the key milestone events that mark BASF over 150-year journey so far.

The Big Steps
  • Founded on 6 April 1865 in Mannheim (Germany) by Friedrich Engelhorn for production of soda and acids which are key ingredients in the production of dye.
  • Fertilizers were added to the product line in 1913 followed by nylon, polystyrene, and styropor.
  • 80% of the BASF production line in 1901 was dedicated to dye stuff.
  • The 1960s saw BASF spread its wings beyond German boundaries with production plants all continents of the planet and a greater focus on upstream value chain products like on higher-value products such as pharmaceuticals, coatings, pesticides, and fertilizers.

Following decades saw a series of takeovers including the likes of Herbal, Wyandotte Chemical Company, Engelhard, Johnson Polymer, Ciba, Sorex Ltd. Today, BASF commands its strong presence across a variety of markets like Oil & Gas, Chemicals, Plastics, Performance Products, Agricultural Solutions, etc.

The Formula For Success

BASF’s formula for success has been its strategic shift away from consumer product lines and focus on resource efficient product lines. The company reported annual revenue of EUR€64.5 billion for FY 2017. The company is currently valued at US€63.7 billion. It has a 544M authorized capital with 433M paid up capital.

Institutional investors own 75% of BASF shares out of which maximum shares are held in Germany followed by US and UK respectively. In India, the company has invested heavily and has 8 production facilities which include the $100 million crude MDI processing facility complex in Dahej, Gujarat.

BASF is the brightest star on the chemical industry landscape which has grown from strength to strength in its 150-year-old history. It has ardently served multiple business segments while introducing greater efficiency across domestics and international chemical value chains. Chemical suppliers in India can find more about BASF and other giants of the chemical world at Chemarc. The digital marketplace offers well researched and trusted information on the technology and chemical trends of the Industry. 

Comments

Post a Comment

Popular posts from this blog

Growth of Chemical Industry in India 2019

Image
Chemical industry is one of the oldest known production industries of India which contributes significantly towards our overall GDP and import-export trade. It has been an important element in our national economic growth and has reinforced great trade relations within international province. Import export of chemicals has gone through a progressive age of digitalization and developed to be one of the prime digital-backed industries of our countries. Chemical industry isn’t just about international export and business. The industry has various indigenous applications as well, thereby accounting for countless industrial and agricultural advancements in the country. Market Position It is an evident fact that Indian chemical industry has grown like never before in the past couple of decades. The industry has greatly been associated with every major economical contributor, not just nationally but on internationally grounds as well. It has developed as the backbone of
Read more

5 Facts About India's Chemical Capital Bharuch

Image
With a 3.4% share in the global chemical industry, India’s chemical sector has been a catalyst for its economic growth over the last decade. It is the seventh-largest producer of chemicals in the world. It is expected to become one of the leading global suppliers of chemicals over the next decade. And perhaps no other city would play a more important role in India’s leap towards global chemical dominance as Bharuch, the port city located on the banks of river Narmada in Gujarat. The city is host to some of the biggest names from the chemical industry in India and is rightfully called India’s chemical capital.  Here are 5 facts about India’s chemical capital Bharuch that you did not know: 1. 2nd Oldest City of India Bharuch is over 8000 years old. It happens to be the oldest city of Gujarat and the 2nd oldest city in India after Varanasi. 2. Always A Trade Capital Being a port city, Bharuch has been witness to trade and commerce since its very inception. It was
Read more

5 Must-Know Facts About The EU Chemical Industry

Image
The European Union was established on November 1, 1993, Maastricht, the Netherlands and one of the primary pillars of the EU economy is its chemical industry. While its global competitiveness has taken a backseat in recent years against emerging chemical leaders like India and China, favorable CETA and the EU-Japan Economic Partnership Agreement are expected to boost trade activity in upcoming years. Here are 5 must-know facts about the EU chemical industry. 1. EU Global Chemical Market Share Is Falling The European Union was established on November 1, 1993, Maastricht, the Netherlands and one of the primary pillars of the EU economy is its chemical industry. While its global competitiveness has taken a backseat in recent years against emerging chemical leaders like India and China, favorable CETA and the EU-Japan Economic Partnership Agreement are expected to boost trade activity in upcoming years. Here are 5 must-know facts about the EU chemical industry. In 1998, the EU sh
Read more