BASF: Performance Materials
BASF SE, Ludwigshafen, created the new Performance Materials Division in January of 2013. In keeping with differentiation on the basis of business model and customer requirements, units with a customer and industry sector focus are now separated more clearly from units that focus on chemistry and production. The new Division Performance Materials combines in one entity materials know-how and the innovative, customized plastics from BASF.
The product groups encompass in the polyurethanes field the polyurethane systems, the thermoplastic polyurethanes and the Cellasto damper elements; the thermosetting epoxy resins, the engineering plastics, functional foams such as Basotect or Neopolen, the biopolymers, and the styrene-based foam products such as Neopor or Styrodur. As a result, the Operating Division is active in a huge number of industry sectors, in the established ones such as automotive, construction, electrical and electronics, in the shoe and refrigerator sectors and even the young, up and coming alternative energy sector. In the first quarter of 2013, sales in the new Performance Materials Division totaled EUR 1.6 billion.
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