BASF restructures - sportstextiles: Lea SportsTextiles

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BASF restructures

06/12/2007
With effect from January 1, 2008, BASF will consist of the following six segments: chemicals; plastics; functional solutions; performance products; agricultural solutions; and oil and gas.

A new operating division, care chemicals, will be established within the performance products segment, while the specialty plastics and foams business units will be transferred from the styrenics division to the performance polymers division.

The performance products segment will consist of the new care chemicals division and the acrylics and dispersions (previously functional polymers) and performance chemicals divisions. The performance chemicals division provides solutions for the textile and leather, oil and refinery and coatings and plastics industries. It will have approximately 5,000 employees worldwide and will be headed by Hans Reiners. The division’s annual sales are approximately €2 billion.

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