Subscribe

login / sign up

close and back to page

Latest News

Latest News

Employee Ideas Save BASF Millions

Over 23,000 suggestions implemented in 2017.

Even the smallest of changes can have a big impact. BASF's initiative "Idea Management" proves this time and again, with employees submitting suggestions that make everyday work safer, easier and more efficient.


By implementing improvements initiated by employees, BASF was able to save around €58 million globally last year. For example, pressure and temperature were specifically adapted in a chemical production process. The result is an economic benefit in the seven-digit range. These and more than 23,000 other suggestions were implemented in 2017, maintaining the high level of the previous year. BASF rewarded the ingenuity of its employees with bonuses totaling €4.3 million.

There was also a host of ideas implemented at the Ludwigshafen Verbund site, which achieved savings of €35.7 million. BASF rewarded its employees at the Ludwigshafen site with €3.1 million in bonuses. Employees of the Crop Protection division were particularly inventive: their suggestions achieved annual net benefits of €5.4 million.

The wealth of ideas presented by employees not only create savings, but often also increase safety in the workplace. One example is the adjustment in the height of a new solid-material filling system, which means that employees no longer have to hoist the sacks to be filled. In addition to the ergonomic improvements, the process has also become more effective: the correct weight can be read more quickly and both containers and sacks can be filled or emptied at the same time.

The Conversation

​BASF Pioneers Fashion Revolution with Seven Crash and San Fang at New York Fashion Week

Showcase of futuristic urban streetwear made with BASF's innovative material solutions.

Originally Published by BASF.

Fashion label Seven Crash unveiled its innovative 'Quantus' collection of unlimited possibilities with its futuristic urban streetwear outfits at the Autumn/Winter New York Fashion Week 2019. The collection, designed in collaboration with chemical company BASF and downstream fabric maker - San Fang, pushes the boundaries in fabric innovation to enable fashion-forward designs and functionality.

Read More Show Less

BASF Recognized as Global Leader in Corporate Climate Action and Water Security

BASF's climate strategy contributes to achieving the United Nations Sustainable Development Goal 13 "Climate Action."

Originally Published by BASF.

The international organization CDP (formerly the Carbon Disclosure Project) has awarded BASF a top A rating in the 2018 Climate Change List. Each year, more than 7,000 companies disclose the environmental impacts, risks and opportunities associated with their business activities to CDP for an independent assessment. CDP represents more than 650 investors with over $87 trillion in assets and 115 major purchasing organizations with $3.3 trillion in purchasing power. BASF has participated in CDP's program for reporting on data relevant to climate protection since 2004.

Read More Show Less

BASF Co-Founds Global Alliance to End Plastic Waste

Nearly 30 companies from the plastics and consumer goods value chain commit over $1.0 billion to help end plastic waste in the environment.

BASF has co-founded a global alliance of nearly 30 companies to advance solutions that reduce and eliminate plastic waste in the environment, especially in the ocean.

Read More Show Less

Protected Space for BASF-Employees with Business Idea: The Chemovator

BASF complements existing innovation landscape with a business incubator in Mannheim.

BASF

12 – 24 – 35: These are the most important figures of the Chemovator, the newly founded incubator of BASF.

Up to 12 dynamic Venture Teams have up to 24 months to bring their innovative and chemistry related business ideas to the market. Since August 2018, all BASF employees with ambition to explore entrepreneurship find a new home in the Industriestraße 35 in Mannheim. The Chemovator complements the existing innovation landscape of BASF and grants access to new business segments and growth.

Read More Show Less

BASF Starts Production of its Fungicide Innovation Revysol

World's first production site for Revysol is in Hannibal, Missouri.

assets.rbl.ms

Originally Published by BASF.

BASF has started production of its latest fungicide innovation Revysol® at its site in Hannibal. With this new active ingredient, BASF will provide farmers worldwide with a new tool to ensure healthy, disease-free crops for a longer period of time and will strengthen its leading position in fungicides. Revysol is the first fungicide to be produced at the site in Hannibal. Pending regulatory approval, first market introductions are expected for the 2019/2020 season.

Read More Show Less

BASF's New Strategy Aims for Both Profitable and CO2-Neutral Growth

Growth above global chemical production targeted, driven by high attractiveness for customers.

assets.rbl.ms

Originally Published by BASF.

"With our new strategy, we are setting BASF on a course for growth," said Dr. Martin Brudermüller at the presentation of BASF's new strategy in Ludwigshafen. The Chairman of the Board of Executive Directors highlighted the positive developments in recent years: "Since 2012, our income from operations before depreciation, amortization and special items has grown on average by 8% per year, considerably faster than the 3% increase in fixed costs per year." BASF's earnings growth thus also outpaced the 3.7% annual increase in global chemical production. Moreover, there was strong development in free cash flow in recent years and a high return on capital employed (ROCE), most recently 15.4%. Above all, the new strategy aims to grow sales and volumes.

Read More Show Less