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BASF
BASF SE is the largest chemical producer in the world and is headquartered in Ludwigshafen, Germany.〔https://www.basf.com/group/corporate/en/careers/career_de/About_BASF_DE/BASF_Headquarters_1_3〕 The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, Americas and Africa.〔https://www.basf.com/group/corporate/en/about-basf/profile/index BASF Website〕 Its headquarters is located in Ludwigshafen am Rhein (Rhineland-Palatinate, Germany). BASF has customers in over 200 countries and supplies products to a wide variety of industries. Despite its size and global presence, BASF has received relatively little public attention since abandoning its consumer product lines in the 1990s.
At the end of 2014, the company employed more than 113,000 people, with over 53,200 in Germany alone. In 2014, BASF posted sales of €74.3 billion and income from operations before special items of about €7.2 billion. The company is currently expanding its international activities with a particular focus on Asia. Between 1990 and 2005, the company invested €5.6 billion in Asia, for example in sites near Nanjing and Shanghai, China and Mangalore in India.
BASF is listed on the Frankfurt Stock Exchange, London Stock Exchange, and Zurich Stock Exchange. The company delisted its ADR from the New York Stock Exchange in September 2007. The company is a component of the Euro Stoxx 50 stock market index.〔(Frankfurt Stock Exchange )〕
==History==
BASF was founded on 6 April 1865 in Mannheim, in the German-speaking country of Baden by Friedrich Engelhorn. It had been responsible for setting up a gasworks and street lighting for the town council in 1861. The gasworks produced tar as a byproduct, and Engelhorn used this for the production of dyes. BASF was set up in 1865 to produce other chemicals necessary for dye production, notably soda and acids. The plant, however, was erected on the other side of the Rhine river at Ludwigshafen because the town council of Mannheim was afraid that the air pollution of the chemical plant could bother the inhabitants of the town. In 1866 the dye production processes were also moved to the BASF site.〔W. Ludewig (1966) ''Trans Inst Chem Engrs'' vol 44 ppT237-252 "Highlights in the History of BASF"〕
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