BASF in Greater China 2023

BASF publishes its integrated annual report in Greater China for 16 consecutive years. In 2023, BASF posted sales of approximately €9.4 billion to customers in Greater China. BASF further expanded local production capacity, enhanced R&D capabilities, provided sustainable development solutions for customers in multiple industries, and continued to contribute to economic, environmental, and social achievements in Greater China.

Welcome letter from the President

“ We are also looking beyond the present: By expanding our local production footprint, strengthening our R&D capabilities, and relentlessly striving for climate neutrality, we stay ahead of the curve alongside future industries and growth markets.”

- Dr. Jeffrey Lou, President and Chairman Greater China, BASF

Discover our stories

Welcome letter from the President

“ We are taking a firm stance to reinforce our position in Greater China, the largest chemical market in the world. We are also looking beyond the present by expanding our local production footprint, strengthening R&D capabilities, and spearheading sustainability efforts in China.”

- Dr. Jeffrey Lou, President and Chairman Greater China, BASF

BASF Group at a glance

• Achieved sales of €68.9 billion

• 111,991 employees worldwide

• 6 Verbund sites, 234 production sites worldwide

Dr. Vijay Swaminathan (center), Organic Synthetic Lab, BASF India, discusses ongoing research projects with his colleagues Manoojkumar Poonoth (left) and Nitin Gupte (right), both chemists. The researchers are working on agricultural solutions, solutions for the energy and leather industry and specialty chemicals. They also synthesize intermediates for industrial applications.

BASF in Asia Pacific

• Present in 19 markets

• Sales: around €17.5 billion

• 2 Verbund sites, 70 production sites

• 2 Innovation Campuses

Our Strategy

Chemistry is our passion. We make use of this passion for our customers: We want to offer them the best possible solutions and help them achieve their sustainability goals.

BASF in Greater China at a Glance

BASF in Greater China at a Glance

BASF has been a committed partner to Greater China since 1885. BASF is a major foreign investor in the country’s chemical industry, and operates the Innovation Campus Shanghai, BASF’s largest R&D site in Asia.

BASF currently operates 27 major wholly-owned subsidiaries, 11 major joint ventures, and maintains 25 sales offices in Greater China.BASF’s business in Greater China includes Petrochemicals, Intermediates, Performance Materials, Monomers, Dispersions & Resins, Performance Chemicals, Catalysts, Coatings, Care Chemicals, Nutrition & Health, and Agricultural Solutions.

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Business Development

At BASF, we are committed to being close to our customers and growing together with them.

• Strategy investments in Greater China

• Growing capabilities in local production and R&D

• Co-creating Sustainable solutions and supporting green transportation

Innovation

We focus on developing sustainable solutions for our customers by helping them to reduce their products’ carbon footprint，to use resources more efficiently or to manufacture products in a more eco-friendly way.

• Growing R&D capabilities

• Driving open innovation with academia and industry

Environmental Protection, Health and Safety

At BASF, our first priority is to protect both people and the environment. Our core business – the development, production, processing, and transportation of chemicals –necessitates a responsible approach.

• Health and safety

• Energy efficiency and environmental protection

Employees and Society

BASF is committed to creating an inspiring working environment that fosters talents and enables them to perform at their best.

• Recruitment and career development

• Science education and volunteering

Expanse of the sea against the sunset sky. Beautiful seascape.

Supplier management

BASF aims to improve its supply chains sustainability and exceed customer expectations through its industry collaborations and digitalization approaches.

• Sustainable procurement

• Green and sustainable supply chains

BASF in Greater China 2023

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