New Structures

We are starting 2008 with new structures. We have reorganized our segments and transformed BASF Aktiengesellschaft into the European Company BASF SE. In so doing, we aim to focus even more closely on our customers and markets, increase transparency for our investors and increase efficiency and flexibility for shaping our future.

Our newly structured segments combine similar business areas. Efficiency and customer proximity are of key importance for us. As a result, we will be able to utilize our competences and knowledge more effectively while at the same time launching products and system solutions more quickly on the market. The new organization of BASF’s structure enables investors to better assess and evaluate the company.

Three major changes arise from the restructuring. In the new segment Functional Solutions comprising the operating divisions Catalysts, Construction Chemicals and Coatings, we are bundling the majority of our systems solutions and products for the automotive and construction industries. In these two industries we record the highest level of sales besides the chemical industry.

We have established a new operating division, Care Chemicals, in the Performance Products segment. BASF can now even better serve the needs of its customers in the consumer goods industry with products for nutrition, cosmetics, personal care and pharmaceuticals. In Care Chemicals, we have merged the activities of the former Fine Chemicals division as well as the detergents and cleaners business from the former Performance Chemicals division.

The Specialty Plastics and Foams business units have been transferred from the Styrenics division to the Performance Polymers division. We are preparing for the divestiture of our standard styrenics business that will be recorded under ‘Other’ until the divestiture.