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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Basf Reg | LSE:BFA | London | Ordinary Share | DE000BASF111 | BASF SE REG SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 65.75 | 64.75 | 66.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
“The engineering for the capacity increase of the MDI synthesis has already started. In subsequent steps, which will be implemented in alignment with business development, the MDI precursor units in Geismar will be expanded accordingly,” said Stefano Pigozzi, President of BASF’s Monomers division. “The usage of latest proprietary technologies will ensure best-in-class productivity and energy efficiency.”
Stefan Doerr, head of the regional business unit Monomers North America, added: “With this investment, BASF will support the growth of its North American customers. Our existing infrastructure at the Geismar site combined with the competitive raw materials based on shale gas make the Geismar site ideally suited for this investment. The experienced BASF team at the site will ensure smooth implementation of the project.”
MDI is an important component for polyurethanes – an extremely versatile plastics material. It contributes to improved insulation, provides lighter materials for cars, and helps save energy in buildings.
For press photos, please click on the following links:
https://www.basf.com/press-photos/us/en/photos/2016/11/16/11-15-16_Geismar_MDI1.jpg
Suggested caption: Situated on 2,500 acres and including 22 production units, the Geismar site is the largest BASF manufacturing site in North America.
https://www.basf.com/press-photos/us/en/photos/2016/11/16/11-15-16_Geismar_MDI2.jpg
Suggested caption: The BASF Geismar site in Louisiana produces chemicals that are vital to our economic success and quality of life. It is the largest BASF site in North America.
About BASF
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has nearly 17,500 employees in North America, and had sales of $17.4 billion in 2015. For more information about BASF’s North American operations, visit www.basf.us.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 112,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of more than €70 billion in 2015. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.
For more information contact: Benjamin Rusch BASF Corporation Tel: (973) 245-6144 E-mail: benjamin.rusch@basf.com Patty Presswood BASF Corporation Tel: (734) 324-6697 E-mail: patricia.presswood@basf.com
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