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BASF increased Sales and sets New Goals for 2012

02/24/2012 | Editor: Wolfgang Ernhofer

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BASF aims high again for 2012. (Picture: BASF)
BASF aims high again for 2012. (Picture: BASF)

In 2011 BASF surpassed the results of 2010 and sets new environmental, health and security goals. Last year the chemical Company invested large amounts of money in property, research and development. For 2012 the German Company plans further plant and equipment as well as acquisitions.

Ludwigshafen/Germany – For BASF 2011 was a year full of investments. Altogether the chemical giant invested €3.4 Billion in property and immaterial power which was €862 million above the previous year’s level. Important capital expenditures that started operations in 2011 include the expansion of the company’s site in Nanjing, China; the construction of a methylamines plant in Geismar, Louisiana; the construction of an oleum plant in Antwerp, Belgium; as well as the extension of its European natural gas pipeline system. (More information about major plant engineering and construction can be found in GROAB, the project database)

BASF said the company significantly surpassed the record levels of 2010 in sales and earnings, and thus again earned a high premium on its cost of capital in 2011. Compared with 2010, sales increased by 15 percent to €73.5 billion. All regions contributed to this increase. Income from operations (EBIT) before special items improved by 4 percent to €8.4 billion and EBIT increased almost 11 percent to €8.6 billion.

Aims for 2012

The chemical company aims large increases of Sales again and plans the rise of the research investments worldwide to €1.7 billion. Furthermore BASF schedules enlarging energy efficiency of their plants and wants to continue declining emissions.

The company wants to increase its energy efficiency – defined as the amount of sales products in relation to the primary energy demand – worldwide by 35 percent by 2020, compared to the previous goal of 25 percent. In addition, BASF aims to reduce greenhouse gas emissions per ton of sales product by 40 percent, originally set at 25 percent. Within the area of occupational health, BASF will measure its performance with a new, expanded indicator, the “Health Performance Index.” The index comprises five criteria: reported cases of occupational diseases, medical emergency planning, first aid, preventive medicine and health promotion.

To improve occupational and transportation safety, the company wants to reduce the number of accidents by 2020: work-related accidents by 80 percent (base year: 2002) and transport accidents by 70 percent (base year: 2003).

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