Organization of the BASF Group
- Five segments contain 14 divisions that manage our global and regional business units
- Regional divisions optimize infrastructure and support operations
- Corporate divisions and departments as well as competence centers provide Group-wide services
Arranged into five segments, 14 divisions bear operational responsibility and manage our 66 global and regional business units. The divisions develop strategies for our 86 strategic business units and are organized according to sectors or products.
The regional divisions contribute to the local development of our business and help to exploit market potential. They are also responsible for optimizing the infrastructure for our business. For financial reporting purposes, our divisions are grouped into the following four regions: Europe; North America; Asia Pacific; and South America, Africa, Middle East.
Three central divisions, six corporate departments and eleven competence centers provide services for the BASF Group in areas such as finance, investor relations, communications, human resources, research, engineering, site management, and environment, health and safety.
In line with our “We create chemistry” strategy, we optimized our segment structure as of January 1, 2013, in order to better serve customer industries and further increase our operational and technological excellence. By combining businesses that share the same business model, we can sharpen our focus on the respective success factors.
The Plastics segment was dissolved. Those businesses now belong to the Chemicals and the Functional Materials & Solutions (formerly Functional Solutions) segments. Our innovative plastics, which we develop for key customer industries such as the automotive, construction, electrical and electronics sectors, are grouped into the new Performance Materials division.
In the Chemicals segment, we will continue to concentrate on the profitable development of BASF’s Production Verbund. We have aligned the segment’s divisions 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, such as MDI and TDI. In the Intermediates division, we primarily concentrate on the C1 (methane) value chain.
The other segments remain unchanged.
Optimization of segment structure
- Sharper focus on customer industries and operational and technological excellence; grouping together businesses that share the same business model
- Plastics segment dissolved
- Creation of new Performance Materials division in Functional Materials & Solutions segment
- Closer alignment of Chemicals segment’s three divisions along value chains