At a glance
BASF has been a committed partner to Greater China since 1885. With larger production sites in Shanghai, Nanjing, Chongqing, and Zhanjiang (under construction), 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 posted sales of approximately €9.4 billion1 in 2023 to customers in Greater China and employed 12,115 people as of the end of the year.
Over the past 20 years, BASF has invested more than €10 billion in Greater China (approximately €14 billion with partners) to build a locally competitive production, marketing, sales, technical service and innovation network.
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 and Resins, Performance Chemicals, Catalysts, Coatings, Care Chemicals, Nutrition and Health, and Agricultural Solutions.
1 Sales of BASF Group companies in the scope of consolidation, as of December 31, 2023. Sales of joint ventures and associated companies with BASF’s investment of between 20% and 50% in general which are consolidated at equity (e.g., BASF-YPC Company Limited) are not included.
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