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BASF India

#3948

Rank

$2.56B

Marketcap

IN India

Country

BASF India
Leadership team

Mr. Narayan Krishnamohan (MD & Director)

Mr. Narendranath J. Baliga (Chief Financial Officer)

Mr. Rajesh Keshav Naik (Head of Manufacturing & Whole-time Director)

Products/ Services
Agriculture, Chemical, Industrial Engineering, Manufacturing, Oil and Gas, Product Research
Number of Employees
1,000 - 20,000
Headquarters
Ludwigshafen Am Rhein-oggersheim, Rheinland-Pfalz, Germany
Established
1865
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
BASF.NS
Social Media
Overview
Location
Summary
BASF India Limited provides chemicals, materials, industrial solutions, surface technologies, nutrition and care, and agricultural solutions in India. Its Agricultural Solution segment offers crop protection products, such as insecticides, herbicides, fungicides, and plant growth regulators. The company's Chemicals segment provides petrochemicals, including oxo-alcohols, acrylic acid, acrylic monomers, and specialty plasticizers; and intermediate chemicals for pharmaceuticals, agrochemicals, coatings, food and feed, flavor and fragrance, surfactants, rubber chemicals, textiles, personal care, adhesives, dyes, etc. Its Materials segment offers performance materials, such as polyurethane, and engineering and specialty plastics; and monomers comprising basic raw materials for polyurethanes, inorganics, and polyamides, as well as its precursors. The company's Industrial Solutions segment provides dispersions, resins, additives, and performance chemicals for paints and coatings, construction, paper, adhesives, automobile, printing, and packaging industries. Its Surface Technologies segment offers catalysts and coatings. The company's Nutrition & Care segment provides solutions to personal care, home care and institutional cleaning, and industrial formulation segments; and products for human nutrition, animal nutrition, pharma solutions, and aroma ingredients. It also exports its products. The company was incorporated in 1943 and is based in Navi Mumbai, India. BASF India Limited is a subsidiary of BASF SE.
History

BASF is an acronym for Badische Anilin- und Sodafabrik . It was founded by Friedrich Engelhorn on 6 April 1865 in Mannheim, in the German-speaking state of Baden. Engelhorn had been responsible for setting up a gasworks and street lighting for the town council in 1861. The gasworks produced tar as a by-product, and Engelhorn used this for the production of dyes. BASF was set up in 1865 to produce other chemicals necessary for dye production, notably soda and acids. The plant, however, was erected on the other side of the Rhine river at Ludwigshafen because the town council of Mannheim was afraid that the air pollution from the chemical plant could bother the inhabitants of the town. In 1866, the dye production processes were also moved to the BASF site.

Dyes

The discovery in 1857 by William Henry Perkin that aniline could be used to make intense colouring agents had led to the commercial production of synthetic dyes in England from aniline extracted from coal tar. BASF recruited Heinrich Caro, a German chemist with experience of the dyestuff industry in England, to be the first head of research. Caro developed a synthesis for alizarin , and applied for a British patent on 25 June 1869. Coincidentally, Perkin applied for a virtually identical patent on 26 June 1869, and the two companies came to a mutual commercial agreement about the process.Further patents were granted for the synthesis of methylene blue and eosin, and in 1880, research began to try to find a synthetic process for indigo dye, though this was not successfully brought to the market until 1897. In 1901, some 80% of the BASF production was dyestuffs.

Soda

Sodium carbonate was produced by the Leblanc process until 1880 when the much cheaper Solvay process became available. BASF ceased to make its own and bought it from the Solvay company thereafter.

Sulfuric acid

Sulfuric acid was initially produced by the lead chamber process, but in 1890, a unit using the contact process was brought on stream, producing the acid at higher concentration and a lower cost. This development followed extensive research and development by Rudolf Knietsch, for which he received the Liebig Medal in 1904.

Ammonia

The development of the Haber process from 1908 to 1912 made it possible to synthesize ammonia , and, after acquiring exclusive rights to the process, in 1913 BASF started a new production plant in Oppau, adding fertilizers to its product range. BASF also acquired and began mining anhydrite for gypsum at the Kohnstein in 1917.

IG Farben

In 1916, BASF started operations at a new site in Leuna, where explosives were produced during the First World War. On 21 September 1921, an explosion occurred in Oppau, killing 565 people. The Oppau explosion was the biggest industrial accident in German history. Under the leadership of Carl Bosch, BASF founded IG Farben with Hoechst, Bayer, and three other companies, thus losing its independence. BASF was the nominal survivor, as all shares were exchanged for BASF shares before the merger. Rubber, fuels, and coatings were added to the range of products. In 1935, IG Farben and AEG presented the magnetophon – the first tape recorder – at the Radio Exhibition in Berlin.

World War II

After the appointment of Adolf Hitler as Chancellor in 1933, IG Farben co-operated with the National Socialist government, profiting from guaranteed volumes and prices and, in time, from slave labour provided through governmental concentration camps. BASF built a chemical factory in Auschwitz named "IG Auschwitz"; with a width of 3 km and length of 8 km , it was the largest chemical factory in the world to that time. IG Farben became notorious through its production of Zyklon-B, the lethal gas used to kill prisoners in German extermination camps during the Holocaust.The Ludwigshafen site was almost completely destroyed during the Second World War but was subsequently rebuilt. The allies dissolved IG Farben in November 1945.

Both the Ludwigshafen and Oppau plants were of strategic importance for the war because the German military needed many of their products . As a result, they were major targets for air raids. During the war, Allied bombers attacked the plants a total of 65 times.

Bombing took place from the autumn of 1943 and saturation bombing inflicted extensive damage. Production virtually stopped by the end of 1944.

Due to a shortage of male workers during the war, women were conscripted to work in the factories, joined later by prisoners of war and foreign civilians. Concentration camp inmates did not work at the Ludwigshafen and Oppau plants.

In July 1945, the American military administration confiscated all IG Farben assets. That same year, the Allied Commission decreed that IG Farben should be dissolved. The sites at Ludwigshafen and Oppau were controlled by French authorities.

BASF refounded

On 28 July 1948, an explosion occurred at a BASF site in Ludwigshafen, killing 207 people and injuring 3818. In 1952, BASF was refounded under its name following the efforts of former Nazi Party member Carl Wurster, who served in Nazi Germany as Wehrwirtschaftsführer . With the German economic miracle in the 1950s, BASF added synthetics such as nylon to its product range. BASF developed Polystyrene in the 1930s and invented Styropor in 1951.

Production abroad

In the 1960s, production abroad was expanded and plants were built in Argentina, Australia, Belgium, Brazil, France, India, Italy, Japan, Mexico, Spain, United Kingdom and the United States. Following a change in corporate strategy in 1965, greater emphasis was placed on higher-value products such as coatings, pharmaceuticals, pesticides and fertilizers. Following German reunification, BASF acquired a site in Schwarzheide, Eastern Germany, on 25 October 1990. It expanded to Podolsk, Russia, in 2012, and to Kazan in 2013.The company announced the start of a US$10 billion investment project at Zhanjiang, China, in November 2019. This ?Verbund? site is intended for the production of engineering plastics and TPU. The site would be the third-largest BASF site worldwide, following Ludwigshafen, Germany, and Antwerp, Belgium, and is expected to be operational by 2022.

Takeovers

In 1968 BASF bought the German coatings company Herbol. BASF completely took over the Herbol branches in Cologne and Würzburg in 1970. Under new management, the renewal and expansion of the trademark continued. After an extensive reorganisation and an increasing international orientation of the coatings business, Herbol became part of the new founded Deco GmbH in 1997.

BASF bought the Wyandotte Chemical Company, and its Geismar, Louisiana chemical plant in the early 1970s. The plant produced plastics, herbicides, and antifreeze. BASF soon tried to operate union-free, having already reduced or eliminated union membership in several other US plants. Challenging the Geismar OCAW union resulted in a labor dispute that saw members locked out from 1984 to 1989 and eventually winning their case. A worker solidarity committee at BASF's headquarters plant in Ludwigshafen, Germany, took donations from German workers to support the American strikers and organized rallies and publicity in support. The dispute was the subject of an academic study. The union also exposed major accidental releases of phosgene, toluene and other toxic gases, these being publicized in the local media and through a video, Out of Control. A court threw out a $66,700 fine against BASF for five environmental violations as "too small".BASF's European coatings business was taken over by AkzoNobel in 1999. BASF bought the Engelhard Corporation for $4.8 billion in 2006. Other acquisitions in 2006 were the purchase of Johnson Polymer and the construction chemicals business of Degussa.

The acquisition of Johnson Polymer was completed on 1 July 2006. The purchase price was $470 million on a cash and debt-free basis. It provided BASF with a range of water-based resins that complements its portfolio of high solids and UV resins for the coatings and paints industry and strengthened the company's market presence, particularly in North America.

The acquisition of Degussa AG's construction chemicals business was completed in 2006. The purchase price for equity was about €2.2 billion. In addition, the transaction was associated with a debt of €500 million.

The company agreed to acquire Ciba in September 2008. The proposed deal was reviewed by the European Commissioner for Competition. On 9 April 2009, the acquisition was officially completed.On 19 December 2008, BASF acquired U.S.-based Whitmire Micro-Gen together with U.K.-based Sorex Ltd, Widnes, Great Britain. Sorex is a manufacturer of branded chemical and non-chemical products for professional pest management. In March 2007 Sorex was put up for sale with a price tag of about £100 million.In December 2010, BASF completed the acquisition of Cognis.In May 2015, BASF agreed to sell parts of its pharmaceutical ingredients business to Swiss drug manufacturer Siegfried Holding for a fee of €270 million, including assumed debt.In October 2017, BASF announced it would buy seed and herbicide businesses from Bayer for €5.9 billion , as part of its acquisition of Monsanto.In August 2019, BASF agreed to sell its global pigments business to Japanese fine chemical company DIC for €1.15 billion on a cash and debt-free basis.In September 2019, BASF signed an agreement with DuPont Safety & Construction, a subsidiary business unit of DuPont Co., to sell its ultrafiltration membrane business, Inge GmbH. According to BASF executives, Inge GmbH and its products fit better with DuPont and their business strategy.

Dicamba lawsuit

On 27 January 2020, the first-ever lawsuit concerning Dicamba-related products began in Cape Girardeau, Missouri. The lawsuit involves a peach farmer who alleged that Dicamba-based herbicides caused significant damage to his crops and trees. It had also been filed in November 2016, when Dicamba was still owned by Monsanto. On 14 February 2020, the jury involved in the lawsuit ruled against BASF its co-defendant Bayer, which had acquired Monsanto and its products, and found in favor of the peach grower, Bader Farms owner Bill Bader. BASF and Bayer were also ordered to pay Bader $15 million in damages. On 15 February 2020, Monsanto and BASF were ordered to pay an additional $250 million in punitive damages.

Mission
BASF's mission is to create chemistry for our mutual future and deliver value to our customers, employees, shareholders and society.
Vision
BASF India’s vision is to be a leading chemical company in the Indian market, establishing itself as a key catalyst for innovation in various industries.
Key Team

Mr. Manohar Kamath (Director of Legal, Gen. Counsel (India), Company Sec. & Compliance Officer)

Mr. Deepak R. Thuse (Chief Exec. of Plastics Bus.)

Mr. Raimar Jahn (Pres of Performance Materials Division - Basf Belgium Coordination Centre)

Mr. Udo Schilling (Gen. Mang.)

Mr. Vivek Kumar Jagtap (Gen. Mang. of Rigid Flexible & Cellasto)

Recognition and Awards
BASF India has won several awards, such as the Frost & Sullivan India Manufacturing Excellence Award in 2009, the Emerging India Award in 2010, and the Asian Business Leadership Awards in 2011. It has also been used as an example of good sustainability practices in India by the World Business Council for Sustainable Development.
References

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BASF India
Leadership team

Mr. Narayan Krishnamohan (MD & Director)

Mr. Narendranath J. Baliga (Chief Financial Officer)

Mr. Rajesh Keshav Naik (Head of Manufacturing & Whole-time Director)

Products/ Services
Agriculture, Chemical, Industrial Engineering, Manufacturing, Oil and Gas, Product Research
Number of Employees
1,000 - 20,000
Headquarters
Ludwigshafen Am Rhein-oggersheim, Rheinland-Pfalz, Germany
Established
1865
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
BASF.NS
Social Media