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BASF SE (BASFY) reports developments as a global chemical company whose American depositary receipts trade in the United States. Updates center on segment activity across Chemicals, Materials, Industrial Solutions, Nutrition & Care, Surface Technologies and Agricultural Solutions.
Recurring news includes specialty-ingredient distribution for polyurethanes, coatings, adhesives and polymer systems; automotive coatings color trends; ChemCycling and Ccycled products tied to plastic-waste feedstock; renewable-power sourcing for U.S. operations; manufacturing workforce recognition; and Chemovator investments that extend BASF's chemical-industry innovation network.
BASF retired Vice President Marie Metzger was inducted into the Women in Manufacturing Hall of Fame. This honor recognizes women who have significantly impacted the manufacturing sector. Metzger's career at BASF spanned over 30 years, where she developed new manufacturing facilities, particularly in the Asia Pacific. She contributed to improving inclusivity at BASF sites and supported initiatives for women in the industry. BASF actively promotes female representation in leadership roles and has various programs to attract and retain women in manufacturing.
BASF has launched its 2021 North American Apprenticeship Development Program (NAADP), welcoming over 30 apprentices across various U.S. sites. The initiative aims to provide on-the-job training and industry-recognized credentials while promoting diversity in manufacturing. In collaboration with local colleges, apprentices will receive practical and academic training, enhancing their career prospects. This program addresses the projected labor shortage of 2.4 million skilled workers in manufacturing by the end of the decade, showcasing BASF's commitment to developing a skilled workforce.
FLORHAM PARK, N.J., June 1, 2021 — Michael Heinz has been appointed Chairman and CEO of BASF Corporation, succeeding Wayne T. Smith. With nearly 40 years at BASF, Heinz has significant leadership experience, having previously led the global Crop Protection division and managed major acquisitions. His appointment aims to strengthen BASF's presence in North America, contributing to the company’s reported sales of $18.7 billion in 2020.
BASF employs approximately 17,000 in North America and focuses on sustainable practices across multiple segments.
BASF has partnered with EDF Energy North America to enhance its renewable energy supply at two Texas sites. A 35 MW Wind Power Purchase Agreement will provide 25 MW to the Freeport Verbund site and 10 MW to the Pasadena site. Additionally, 55 MW of solar power will be sourced from EDF's Space City Solar project. This initiative aims for CO2 neutral growth by 2030, making over 70% of energy for Pasadena and 90% for Freeport renewable. The projects are set to begin contributing power between June 2021 and mid-2022, supporting BASF’s sustainability goals.
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BASF recognizes two female leaders among 130 nationally through the STEP Ahead Awards, which honor women in manufacturing for their leadership roles. Jody Piel from Freeport, Texas, received the STEP Ahead Honoree award, while Amanda Hodges from Chattanooga, Tennessee, was awarded the STEP Ahead Emerging Leader award. The initiative aims to close the gender gap in manufacturing and inspire future female leaders. BASF emphasizes the importance of women in the workforce, with only 29% representation in manufacturing, compared to 47% in the overall labor force.