Welcome to our dedicated page for Basf news (Ticker: BASFY), a resource for investors and traders seeking the latest updates and insights on Basf stock.
BASF SE / ADR (BASFY) generates a broad range of news that reflects its role as a global chemical company active in manufacturing, coatings, sustainability initiatives and workforce development. News coverage often highlights how BASF applies its six business segments—Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions—to industrial and consumer value chains around the world.
Recent announcements include energy and sustainability projects, such as the Liberty Energy Project in Texas, where BASF will source 48 MW of electricity under a long-term power purchase agreement to help ensure that 100% of the expected purchased power at its Freeport Verbund site comes from renewable sources. Other news focuses on circular economy efforts like the ChemCycling program in Port Arthur, Texas, which uses feedstock from plastic waste to produce advanced recycled building blocks for products such as super absorbent polymers, engineered plastics and polyurethanes.
Investors and industry followers can also see updates on BASF’s Coatings division, including its Automotive Color Trends collections like “ROUTING,” which explore new color palettes, metallic effects and sustainability-focused pigments for future vehicle designs. Distribution and partnership news, such as the expanded agreement with Univar Solutions for specialty ingredients used in coatings, adhesives, plastics and polymers, illustrates how BASF’s chemistries reach industrial manufacturers in the United States and Canada.
Additional coverage includes legal and regulatory developments, such as BASF Corporation’s agreement in principle to settle certain PFAS-related AFFF claims with U.S. public water systems, as well as human capital stories about apprenticeship programs and recognition of BASF leaders in manufacturing. For ongoing insight into BASF’s strategic projects, sustainability actions, product-related announcements and legal matters, readers can use this page as a focused feed of BASFY-related news.
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.