At the onset of next year, chemical company BASF plans to reorganize its businesses. With effect from January 1, 2008, the company will consist of the following six segments: Chemicals, Plastics, Functional Solutions, Performance Products, Agricultural Solutions and Oil & Gas. A new operating division, Care Chemicals, will be established in the Performance Products segment. In the Plastics segment, the Specialty Plastics and Foams business units will be transferred from the Styrenics division to the Performance Polymers division.
BASF plans to focus businesses even more closely on its customers, enabling the company to bring its products and system solutions faster to market, and create additional potential for value-adding growth. These divisions work closely with their customers and supply industry- and customer-specific system solutions and innovative products, in particular for the automotive and construction industries.