BASF (NYSE: BASF) is the largest chemical company in Germany and a leading global chemical supplier. The BASF Group has joint ventures and subsidiaries in over 80 countries and 390 different production sites, including six integrated production sites. The company generated revenue of EUR 87.3 billion (~USD 92 billion) in 2022.
BASF offers a range of chemicals, materials, and solutions to a wide range of industries such as automotive, personal care, nutrition, and coatings. The company’s products and services are classified into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. Surface Technologies is the largest, having contributed ~24% of total revenue in 2022, followed by Materials (~21%) and Chemicals (~17%).
Europe was BASF’s largest regional market (~41% of total revenue in 2022), followed by North America (~28%). The company has announced plans to invest EUR 25.6 billion worldwide by 2026 in order to expand its production chain, especially in China, and increase efficiency across all plants. It also plans to reach net zero emissions by 2050.
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