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BASF (BAS)
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BASF SE : Thermoplastic polyurethanes research lab opens in the United States

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09/06/2012 | 11:20am CEST
  • BASF intensifies global research activities

  • Collaboration with American customers and universities to be stepped up

Ludwigshafen, Germany/Wyandotte, MI - September 6, 2012 -BASF has opened a new research lab for thermoplastic polyurethanes (TPU) in Wyandotte, Michigan. A multidisciplinary team of product developers, chemists and material scientists will work to discover new products for the American automotive, construction, sports and leisure industries. "Closeness to our American customers and fast and direct contact are key criteria in enabling us to tap into new ideas and emerging market trends and produce sustainable innovations," said Dr. Christian Fischer, President of Advanced Materials & Systems Research division at BASF. "The new lab in Wyandotte is the latest strategic step toward an ever more global overall approach to research." Fischer added that it was also an excellent basis for expansion of the existing scientific network with universities and other research facilities in North America.

Wyandotte is BASF's largest research and development site in the Midwest of the United States. The company already operates a number of labs specializing in the research and development of polymers and coatings for the North American market. The new polyurethane research team further enhances the technology and knowledge Verbund at this site. "A closely interlinked system of research, development and applications engineering enables us to develop new products rapidly and in a highly focused manner. It's a concept for success that has proved its worth at other BASF sites and is now to be strengthened in Wyandotte," said Dr. Karl-Rudolf Kurtz, Senior Vice President of the global research department PUR Systems & Composites and responsible for polyurethane research in Wyandotte.

The initially five-person team's main working area is TPU synthesis and processing. The aim is to customize key material properties such as stiffness, elasticity, transparency and UV stability to meet individual customer wishes by varying the manufacturing conditions. The basic properties of thermoplastic polyurethanes include high scratch and abrasion resistance, high tensile strength, very good cushioning, high flexibility at cold temperatures, and excellent resistance to oil, grease, oxygen and ozone. Applications for these highly versatile plastics include cables and tubes in the automotive, mechanical engineering and construction industries. Polyurethane as films is used for packaging, skis and snowboards, air cushioning systems for insoles, and as fibers for clothing textiles.

About BASF

BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF posted sales of about €73.5 billion in 2011 and had more than 111,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.

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Financials (€)
Sales 2018 66 530 M
EBIT 2018 8 652 M
Net income 2018 5 568 M
Debt 2018 16 006 M
Yield 2018 3,68%
P/E ratio 2018 14,07
P/E ratio 2019 13,18
EV / Sales 2018 1,45x
EV / Sales 2019 1,35x
Capitalization 80 367 M
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 102 €
Spread / Average Target 16%
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Managers
NameTitle
Martin Brudermüller Chairman-Executive Board
Jürgen Hambrecht Chairman-Supervisory Board
Hans-Ulrich Engel Chief Financial Officer & Vice Chairman
Michael Diekmann Vice Chairman-Supervisory Board
François Diederich Member-Supervisory Board
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GROUPE BRUXELLES LAMBERT4.34%17 616
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