✓ audited

Events after the reporting period

Optimization of organizational structure

  • Sharper focus on customer industries and operational and technological excellence
  • Combination of product lines which share the same business model
  • Plastics segment dissolved
  • Creation of new Performance Materials division in Functional Materials & Solutions segment
  • Performance Materials division bundles innovative plastics from former divisions of Plastics segment
  • Integration of remaining activities from Plastics segment into Monomers and Petrochemicals divisions
  • Closer alignment of the Chemicals segment’s three divisions along value chains

We have optimized our organizational structure in order to better serve customer industries and further increase our operational and technological excellence. The changes, which became effective as of January 1, 2013, reflect our “We create chemistry” strategy. By combining product lines that share the same business model, we can sharpen our focus on the respective success factors.

The businesses in the Plastics segment, which has been dissolved, now belong to the Chemicals and the Functional Materials & Solutions (formerly Functional Solutions) segments. The Functional Materials & Solutions segment is made up of the Catalysts, Construction Chemicals, Coatings and Performance Materials divisions.

The new Performance Materials division includes the innovative plastics from the former divisions of the Plastics segment. Performance Materials is geared toward key customer industries such as the automotive, construction, electric and electronic sectors. Its product groups comprise polyurethane systems, engineering plastics, thermoplastic polyurethanes, Cellasto®, biopolymers, functional foams, Styropor®, Neopor®, Styrodur® and epoxy systems.

In the Chemicals segment, we will continue to concentrate on developing BASF’s Production Verbund profitably in the future. We have aligned the segment’s divisions – Petrochemicals, Monomers and Intermediates – even more closely along the value chains.

We have expanded the Petrochemicals division to include propylene oxide, thus bringing all important propylene derivatives together with other steam cracker derivatives. In the new Monomers division, we have grouped together most of the product lines from the previous Inorganics division, along with many of the high-volume monomers and basic polymers from the former Plastics segment. The new division’s products comprise MDI, TDI, caprolactam, adipic acid, hexamethylenediamine (HMD), polyamides 6 and 6,6, ammonia, nitric acid, sulfur products, chlorine products, melamine, glues and impregnating resins as well as electronic chemicals. In the Intermediates division, we primarily concentrate on the C1 (methane) value chain. Its product lines include amines, butanediol and its derivatives, polyalcohols, organic acids and specialties.

The other segments remain unchanged. At the end of March 2013, we will restate the figures for 2012, taking into account the new segment structure and the application of IFRS 10 and 11. At the same time, we will also publish outlooks for the segments according to the new structure.

BASF structure as of January 1, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segments

Chemicals

 

Performance
Products

 

Functional
Materials & Solutions

 

Agricultural
Solutions

 

Oil & Gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Divisions



Petrochemicals
Monomers
Intermediates

 






Dispersions & Pigments
Care Chemicals
Nutrition & Health
Paper Chemicals
Performance Chemicals

 





Catalysts
Construction Chemicals
Coatings
Performance Materials

 

Crop
Protection

 

Oil & Gas (Exploration & Production, Natural Gas Trading)

Acquisition of Pronova BioPharma ASA

In January 2013, we concluded the acquisition of Pronova BioPharma ASA, a provider of omega-3 fatty acids, strengthening our business with these products for the pharmaceutical and dietary supplement industries.