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Page 1: BASF in India Report 2010

BASF in IndiaReport 2010

Page 2: BASF in India Report 2010

Million €

2010 2009 Change in %

Sales 63,873 50,693 26.0

Income from operations before depreciation and amortization (EBITDA) 11,131 7,388 50.7

Income from operations (EBIT) before special items 8,138 4,852 67.7

Income from operations (EBIT) 7,761 3,677 111.1

Income before taxes and minority interests 7,373 3,079 139.5

Net income 4,557 1,410 223.2

Earnings per share (€) 4.96 1.54 223.2

Adjusted earnings per share (€) 5.73 3.01 90.4

EBITDA in percent of sales 17.4 14.6 -

Cash provided by operating activities 6,460 5,693 13.5

Additions to long-term assets 1 5,304 5,972 (11.2)

Excluding acquisitions 2,565 2,536 1.1

Research costs 1,492 1,398 6.7

Amortization and depreciation 1 3,370 3,711 (9.2)

Segment assets (as of December 31) 2 48,626 40,707 19.5

Personnel costs 8,228 7,107 15.8

Number of employees (as of December 31) 109,140 104,779 4.2

1 Intangible assets and property, plant and equipment (including acquisitions)2 Intangible assets and property, plant and equipment, inventories and business-related receivables

business development 2010BASF achieved record sales and earnings in 2010. The chemicals business in particular benefited from the strong economic recovery in 2010, which was more dynamic than we had initially anticipated. In the first half of the year, demand was addition-ally driven by inventory restocking in key customer industries. There were temporary supply bottlenecks for some chemical products. Higher raw materials costs could largely be passed on to customers. In this favorable market environment, margins improved for numerous products. Compared with 2009, sales increased by 26% to €63,873 million. Income from operations improved by 111% and amounted to €7,761 million.

BASF Group 2010

BASF Group 2010

Record sales and earnings achieved in 2010•Cognis acquisition strengthens portfolio with •specialty productsOutlook 2011: BASF aims to significantly •increase sales and earnings

Sales

+26% +111%

EBIT

SAlES And EBIT 2010compared with previous year

On the cover: Employees at BASF’s Mangalore site in India.

Page 3: BASF in India Report 2010

plASTIcS

The Plastics segment includes a broadrange of products, system solutionsand services. We offer a number ofengineering plastics for the automotiveand electrical industries as wellas for use in household appliancesand sports and leisure products. Ourstyrenic foams are used as insulatingmaterials in the construction industryand in packaging. Our polyurethanesare extremely versatile: As soft foams,for example, they improve car seatsand mattresses, and as rigid foamsthey increase the energy efficiency ofrefrigerators.

Key data

Million € 2010 2009Change

in %

Sales 9,830 7,128 37.9

Income from operations (EBIT) 1,273 554 129.8

11 -- Performance Polymers: 45%

2 -- Polyurethanes: 55%

2€9,830

Million 11 -- Performance Polymers: 45%

2 -- Polyurethanes: 55%

2€9,830

Million

pErFormAncE producTS

Performance Products lend stabilityand color to countless everyday itemsand help to improve their applicationprofile. Our product portfolio includesvitamins and food additives as well asingredients for pharmaceuticals and forhygiene, home and personal care items.Other Performance Products improveprocesses in the paper industry, oil andgas production, mining and watertreatment. They can also enhance theefficiency of fuels and lubricants, theeffectiveness of adhesives and coatings,and the stability of plastics.

1

2

3

4

5

€12,288million

1 -- Dispersions & Pigments: 26%

2 -- Care Chemicals: 22%

3 -- Nutrition & Health: 12%

4 -- Paper Chemicals: 14%

5 -- Performance Chemicals: 26%

Key data

Million € 2010 2009Change

in %

Sales 12,288 9,356 31.3

Income from operations (EBIT) 1,345 (150)

1

2

3

4

5

€12,288Million

1 -- Dispersions & Pigments: 26%

2 -- Care Chemicals: 22%

3 -- Nutrition & Health: 12%

4 -- Paper Chemicals: 14%

5 -- Performance Chemicals: 26%

BASF’S SEGmEnTS AT A GlAncE

chEmIcAlS

In the Chemicals segment, we supply products to customers in the chemical, electronics, construction, textile, auto- motive, pharmaceutical and agricultural industries as well as many others. Furthermore, we ensure that other BASFsegments are supplied with chemicals for the production of downstream pro- ducts. Our portfolio ranges from basic chemicals, glues and electronic chemi-cals for the semiconductor and solar cell industries, to solvents and plasticizers, as well as starting materials for products such as detergents, plastics, textile fibers, paints and coatings, and pharmaceuticals.

1

1 -- Inorganics: 11%

2 -- Petrochemicals: 67%

3 -- Intermediates: 22%

2

3

€11,377Million

1

1 -- Inorganics: 11%

2 -- Petrochemicals: 67%

3 -- Intermediates: 22%

2

3

€11,377Million

Key data

Million € 2010 2009Change

in %

Sales 11,377 7,515 51.4

Income from operations (EBIT) 2,310 735 214.3

Page 4: BASF in India Report 2010

oIl & GAS

As the largest German producer of oiland gas, we focus our exploration andproduction on oil- and gas-rich regionsin Europe, North Africa, South America,Russia and the Caspian Sea region.Together with our Russian partnerGazprom, we are active in the transport,storage and trading of natural gasin Europe.

1

2

1 -- Exploration & Production: 35%

2 -- Natural Gas Trading: 65%

€10,791Million

1

2

1 -- Exploration & Production: 35%

2 -- Natural Gas Trading: 65%

€10,791Million

Key data

Million € 2010 2009Change

in %

Sales 10,791 11,356 (5.0)

Income from operations (EBIT) 2,334 2,289 2.0

In the Functional Solutions segment,we bundle system solutions and innovative products for specific sectors and customers, in particular for the automotive and construction industries. Our portfolio comprises automotive and industrial catalysts, automotive and industrial coatings and concrete admixtures as well as construction systems such as tile adhesives and architectural coatings.

1

1 -- Catalysts: 52%

2 -- Construction Chemicals: 22%

3 -- Coatings: 26%2

3

€9,703Million

Key data

Million € 2010 2009Change

in %

Sales 9,703 7,115 36.4

Income from operations (EBIT) 457 107 327.1

1

1 -- Catalysts: 52%

2 -- Construction Chemicals: 22%

3 -- Coatings: 26%2

3

€9,703Million

FuncTIonAl SoluTIonS

AGrIculTurAl SoluTIonS

Our crop protection products guardagainst fungal diseases, insects andweeds and they increase quality andsecure crop yields. Our research inplant biotechnology concentrates onplants for greater efficiency in agricul-ture, healthier nutrition and for use asrenewable raw materials.

1

1 -- Crop Protection: 100%€4,033Million

1

1 -- Crop Protection: 100%€4,033Million

Key data

Million € 2010 2009Change

in %

Sales 4,033 3,646 10.6

Income from operations (EBIT) 749 769 (2.6)

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Page 5: BASF in India Report 2010

BASF in inDiA RepoRt 2010

BASF in India - Report 2010 About the Report 01

The BASF Group .............................................................................................. 02

Our Strategy ..................................................................................................... 03

BASF Asia Pacific Strategy ............................................................................. 04

Message from the Chairman ........................................................................... 06

Milestones of BASF in India ............................................................................ 08

Strong Local Presence ..................................................................................... 10

BASF Takes Action .......................................................................................... 14

Environment, Health and Safety ..................................................................... 18

Employees ....................................................................................................... 24

Society ............................................................................................................. 26

Focus on Education ........................................................................................ 28

Awards and Recognition ................................................................................. 29

BASF in the Regions ....................................................................................... 30

Ten-year BASF Summary ................................................................................. 32

“BASF in India - Report 2010” marks the second year of our publishing a concise document about the development, progress and performance of our activities across the three spheres of our influence - economy, ecology and society - in India. This consolidated report also carries an overview of the BASF Group along with its financial performance, as per the requirements of the German Commercial Code and the International Financial Reporting Standards (IFRS). The reporting period for this publication was the financial year 2010 and all data are those compiled into the global BASF Report 2010. Sales, employee numbers, and environmental data at joint venture companies are included pro rata based on our stake. Local sales figures in this report refer to sales by BASF Group companies to customers located in India. Sales from Cognis companies to customers in India are included as of December 9, 2010. Employee numbers refer to employment by BASF Group companies (including Cognis) as of December 31, 2010.

ABout the RepoRt

Page 6: BASF in India Report 2010

BASF has been the only industrial company worldwide to

regularly publish a comprehensive corporate carbon

footprint. We contributed our know-how to the development

of a standard for reporting greenhouse gas emissions along

the value-adding chain (the Greenhouse Gas Protocol’s

Scope 3 standard). For the first time in 2010, our reporting

takes into account this draft standard and includes emissions

from the oil and gas business. We also recalculated how our

climate protection products reduce our customers’ carbon

emissions: A total of 322 million metric tons of CO2 emissions

are avoided (2008: 287 million metric tons). We aim to

continuously increase this contribution to climate protection.

The innovative chemistry of BASF is the driving force for

many industries and provides an important impetus for new

products, technologies and processes. In 2010, BASF had

more than 9,600 employees in research and development

worldwide and around 1,900 collaborative partnerships

with universities, institutes, startup companies and industry

partners. In 2010, we invested nearly €1.5 billion in research

and development projects.

Our approach helps us to find answers to global challenges

such as climate change, resource conservation, health and

nutrition, housing and mobility. This is our contribution to

a better future for us and for coming generations. As we like

to say, we don’t just create chemicals, we create chemistry.

the BASF GRoup At a glance

02 the BASF Group BASF in India - Report 2010

ReSeARCh AnD DeVeLopMent

€1.5 billion

In 2010, we invested nearly €1.5 billion in research and development projects.

basf.com

More information on BASF

puBLiC ReCoGnition FoR SuStAinABiLitY in 2010

BASF shares included in the Dow Jones Sustainability •Index (DJSI) for the tenth year in successionTop ranking in the materials sector in the Carbon •Disclosure Leadership IndexFor the third time in succession, BASF was among the •Top 100 Green Companies in China

BASF is the world’s leading chemical company –

the Chemical Company. With around 109,000

employees, six Verbund sites and approximately 390

other production sites worldwide, we help customers

and partners in almost all industry sectors and

countries around the world to be more successful.

our portfolio ranges from oil and gas to chemicals,

plastics and specialties such as crop protection

products. in 2010, BASF posted sales of €63.9 billion

and income from operations of €7.8 billion.

We operate on a global scale

BASF was founded as the Badische Anilin- & Soda-Fabrik

in 1865 by Friedrich Engelhorn, to produce synthetic textile

dyes from coal tar. Today, the company is a global concern

with subsidiaries in more than 80 countries across all regions

of the world. BASF is a European Company, a Societas

Europaea (SE), and is headquartered in Ludwigshafen,

Germany. The Ludwigshafen site is the largest integrated

chemical complex in the world. It is also the largest

‘Verbund’ site in the BASF Group, interlinking production

plants intelligently to save resources and energy. BASF

operates five further Verbund sites in Belgium, China,

Malaysia and North America.

We create chemistry

As the world’s leading chemical company, we play a decisive

role in shaping the future. We combine economic success

with social responsibility and environmental protection.

Acting sustainably and striving continually for innovation are

therefore core elements of our business activities. Since 2008,

Page 7: BASF in India Report 2010

ouR StRAteGYFor value-adding growth

As the world’s leading chemical company, we aim for long-term, profitable growth. to achieve this, we are committed to operational excellence, innovation and investment in growth markets. our actions are guided by sustainable development.

our guidelines summarize how we intend to achieve our corporate goals and to establish and implement our values within the company.

We earn a premium on our cost of capital

We help our customers to be more successful

The prerequisite for long-term success is earning a premium on our cost of capital. Earnings before interest and taxes (EBIT) after cost of capital is our key performance and management indicator.

We want to recognize what our customers will need tomorrow. As a reliable partner, we work with customers to develop solutions that will meet their individual needs and strengthen their competitiveness. To do this, we operate where our customers are - in all the world’s important markets.

We form the best team in industry

We ensure sustainable development

We want to recruit, support and retain the best employees. That is why we invest in our employees’ development and help them balance work and family life. With our Diversity + Inclusion initiative, we promote teams that create value with their different backgrounds and experiences.

For us, sustainable development means combining economic success with environmental and social responsibility. We have anchored sustainability in our corporate strategy and organization: With sustainable products and services, we create competitive advantages for both BASF and our customers.

BASF in India - Report 2010 our Strategy 03

basf.com/strategy

Page 8: BASF in India Report 2010

04 BASF Asia pacific Strategy BASF in India - Report 2010

BASF ASiA pACiFiC StRAteGY An interview with Dr. Martin Brudermüller, Vice Chairman of the Board of Directors of BASF Se, responsible for Asia pacific

how did BASF perform in Asia pacific last year?

I am very proud that the Asia Pacific region was a very

strong contributor to our record year for BASF in 2010!

For the first time, we broke both the €10 billion sales and

the €1 billion EBIT mark in the region.

What progress has BASF made towards its Asia pacific

Strategy 2020 goals?

We are making excellent progress.

• WithourIndustryTargetGroupsandCustomerTarget

Groups, we have already identified around €600 million

in additional sales potential by 2012.

• ToensurewecancreateinnovationsforAsia,fromAsia,

around 500 BASF employees at 12 sites in the region

now work in research and development. In particular,

2010 marked the ground-breaking of our first Innovation

Campus Asia Pacific, which will be located in Shanghai.

• Tohelpusexpandourlocalproduction,wehave

invested €2.4 billion in facilities in Asia Pacific over

the past five years. And we have announced major new

investments across the region.

• Wehavealreadyachieved€90millioninannualsavings

through our Asia Pacific Site Optimization project.

how does BASF develop its employees to meet the

2020 goals?

Employees are at the heart of our strategy. During the

past year we have launched a package of career

development initiatives to ensure we can both recruit and

retain the best team in industry. These initiatives include

the establishment of the BASF Asia Pacific Institute for

Corporate Leadership, the upgrading of our career

development program, and the launch of a formalized

mentorship program. In particular we aim to further

develop international career opportunities for our top

local employees.

What is the role of india in BASF Asia pacific Strategy

2020?

In our Asia Pacific Strategy 2020, we have identified India

as one of our major growth markets in Asia. In 2010,

sales to customers in India crossed the €1 billion mark

for the first time. With its two R&D centers in Mumbai and

Mangalore, India also plays an important role for us in

achieving our objective of providing more innovation from

Asia for Asia. Both centers are part of our Global Technology

Platform, making India one of our key hubs for research

and development in the region. With our investments,

we are also further improving our position to benefit from

the strong growth in India. In 2010, we set up two new

manufacturing plants in Thane and in Mangalore in order

to help our local and international customers become

more successful.

€ 12.5 billionBASF achieved record sales in Asia Pacific in 2010.

(by location of customers)

BASF in Asia pacific 2010: on track to 2020

Sales: €12.5 billion

EBIT: €1.3 billion

Employees: 16,000

Research and development staff: 500 at 12 sites

in the region

An exCeptionAL YeAR

Page 9: BASF in India Report 2010

BASF in India - Report 2010 BASF Asia pacific Strategy 05

BASF Asia pacific Strategy 2020

Through 2020, BASF aims to grow on average two

percentage points faster than the Asia Pacific chemical

market each year. To meet this ambitious goal, which

would double regional sales by 2020, the company has

developed the BASF Asia Pacific Strategy 2020. This

strategy is based on a combination of growth and

new business initiatives.

In Asia Pacific, BASF will organize its sales efforts

around key industries in order to grow faster than the

market. The company has established an initial set of

industry target groups where it intends to become a

preferred supplier, including the automotive, construction,

packaging, paints and coatings, and pharmaceuticals

industries.

We will increase our headcount by at least 5,000 from

approximately 15,000 which were employed at the end of

December 2009. At the same time, we will double the

number of employees in research and development

between 2009-2020, especially at our two major R&D

clusters in China and India. In our two challenging growth

markets, China and India, we have set up dedicated

recruitment centers to help us hire the talents we need.

BASF plans to generate 70% of regional sales from

local production, investing €2.3 billion between 2011-2015.

Simultaneously, we aim to create further efficiency

improvements that are expected to save €150 million annually

by 2012, for example, by debottlenecking production and

by exploiting technical synergies.

BASF ASiA pACiFiC StRAteGY 2020

•Growthoftwopercentagepointsabovemarket•Earnpremiumoncostofcapital•70%ofsalestobemanufacturedlocallyinAsiaPacific•Headcounttoincreasebyatleast5,000• Investments of €2.3 billion planned between 2011-2015•Efficiencyimprovementstosave€150millionannually

by 2012

‘‘BASF has a long tradition in India with a presence going back more than a century. India is one of the key markets for our Asia Pacific strategy.’’

Dr. Martin Brudermüller, Vice Chairman of the BASF Board of Executive Directors, responsible for Asia Pacific

Page 10: BASF in India Report 2010

“We aim to create chemistry – with our customers, with our employees and with society.”

06 Message from the Chairman BASF in India - Report 2010

Page 11: BASF in India Report 2010

BASF in India - Report 2010 Message from the Chairman 07

MeSSAGe FRoM the ChAiRMAn We succeed by creating chemistry

In the year 2010, we have seen a strong comeback from

the challenging times of 2009. The lessons learnt have

been invaluable in preparing us for the future.

In 2010, we made progress towards our aim to provide

state-of-the-art products and solutions by creating

innovations in close partnership with our customers and

helping them become more successful.

We also brought together our diverse business units

and companies into a Single Legal Entity. This corporate

restructuring will help power our future expansion.

I would like to congratulate and thank everyone

involved in the successful completion of the Ciba

integration and preparing the groundwork for the Cognis

integration – resulting in a wider product portfolio and

an enhanced talent pool. We have also successfully set up

Styrolution, our new Styrenics joint venture.

BASF is “The Chemical Company” and we have taken

several steps in India to enhance our leading position.

In the economic field, we have posted strong growth.

In the ecological field, we have introduced sustainable

innovations both in our operations and in our solutions

for customers. In the social field, we have focused our

efforts on rehabilitation of tsunami-hit villages and

“Fighting Corruption in Public Life” through the “Million

Minds” project that aims to inspire a million minds against

the social evil of corruption.

We also made our presence felt in local industry

and infrastructure development projects. This year we

contributed to landmark projects like New Delhi’s

International Airport Terminal 3; introduced eco-friendly

paint solutions for homes and businesses; developed

packaging solutions that support the development of

the local tea industry; promoted the development of

a sustainable building industry in India and undertook

a number of other initiatives.

As we build up momentum for the future, I invite you

to celebrate our success – driven by innovation, by

technology, and most importantly, by our team who has

a passion to create chemistry.

Prasad Chandran

Chairman,

BASFCompaniesinIndiaandHeadSouthAsia

pRASAD ChAnDRAn

• ChairmanofBASFCompaniesinIndia&Head South Asia

• HeadstheIndustryTaskForceforSustainable Agriculture and Green India in association with The Energy and Resources Institute (TERI)

• Drivesthe‘‘MillionMinds’’project,aBASFinitiativeto fight corruption and improve governance in India

€1 billionIn 2010, BASF sales to customers in India crossed the €1 billion mark for the very first time.

Page 12: BASF in India Report 2010

08 Milestones of BASF in india BASF in India - Report 2010

May 1996: BASF Industries Limited, a BASF Group

Company, is formed.

1996: BASF starts operations at its new production site in

Mangalore, manufacturing dyes and dispersions.

Acquiring momentum

1998: Automotive Coatings business is acquired from

Dr. Beck & Co. and Printing Inks business is acquired

from JBA Printing Inks Limited. The Automotive Coatings

and Printing Inks businesses later become a part of

BASF Industries Limited.

January 2000: BASF acquires the Coil Coatings business

fromHydroCoatingsworldwideandHydroCoatingsIndia

Limited is renamed as BASF Coatings Private Limited.

november 2000: BASF and the New York-based

Chatterjee Group form a strategic alliance to produce and

market polystyrene in India. BASF takes up majority share

of the partnership and assumes complete operative and

administrative direction of Pushpa Polymers Private Limited.

This acquisition makes BASF the first globally active

polystyrene manufacturer with its own production in India.

Pushpa Polymers Private Limited changes its name to

BASF Styrenics Private Limited.

December 2000: BASF divests its textile dyes business

to DyStar Group.

July 2001: Cynamid Agro Limited is merged with

then

1890: BASF’s first sales figures for India reported •1943: In India, two gentlemen, Mr. Kalyan Kumar Nag •and Mr. R. A. Cole, pioneered the use of Expanded Polystyrene (EPS), which was first synthesized in Mr. Cole’s kitchen. Now known as Thermocole, the name chosen was a combination of Thermo for heat and Cole, the surname of one co-founder. R. A. Cole Private Limited later became BASF India Limited.

MiLeStoneS oF BASF in inDiA A rich past, a promising future

noW

BASF in India is engaged in the business of manufacturing and marketing of Styropor®, tanning agents, leather chemicals and auxiliaries, crop protection chemicals, textile chemicals, dispersions and specialty chemicals, performance plastics, automotive and coil coatings, construction chemicals, polystyrene and polyurethane systems, apart from actively marketing a wide range of intermediates, catalysts and other chemicals for life sciences, chemical and allied industries.

BASF’s first interaction with india was in textile colors,

beginning in 1890. Backed by the accumulated

expertise of over a century, today, we have a business

portfolio that matches the current and future needs of

the ever-growing indian market.

the early days

May 13, 1943: BASF India Limited is originally incorporated

as R. A. Cole Private Limited.

1961: BASF acquires a 50% holding in R. A. Cole Private

Limited and the Company is known as R. A. Cole Limited.

At this time, BASF in India is involved in the production of

Expandable Polystyrene under the “Thermocole” trade

name at the Thane site, BASF’s first production site in Asia.

January 9, 1963: R. A. Cole Limited is renamed

Indoplast Limited, marking a shift in focus towards plastics

manufacturing.

September 23, 1967: Indoplast Limited is renamed

BASF India Limited, its present name.

April 1968: BASF India Limited is listed on the Bombay

Stock Exchange Limited (BSE).

1995: With the purchase of additional shares in 1994, BASF

AG acquires majority holding (50.00104%) in BASF India.

May 1995: BASF India Limited is listed on the National

Stock Exchange of India Limited (NSE).

Page 13: BASF in India Report 2010

BASF in India - Report 2010 Milestones of BASF in india 09

BASF India Limited pursuant to BASF’s worldwide

acquisition of Cynamid AG.

May 2003: The Automotive Coatings business is

demerged from BASF Industries Limited and transferred

to BASF Coatings Private Limited.

Feb 2005: The Printing Inks business of BASF Industries

Limited is sold to the Aster Group.

April 6, 2005: BASF Polyurethanes India Limited is formed

as a 100% subsidiary of BASF India Limited.

July 2006: BASF AG acquires global construction chemicals

business of Degussa AG. This leads to inception of BASF

Construction Chemicals (India) Private Limited, which was

earlier known as Master Builder Technology Private Limited.

September 2006: BASF AG acquires USA based Engelhard

Corporation. This leads to inception of BASF Catalysts India

Private Limited, which was earlier known as Engelhard

Environmental Systems (India) Private Limited.

January 1, 2008: BASF AG converts to a European

company and is now known as BASF SE.

September 2008:BASFSEacquiresCibaHoldingAGand

begins integration of local Ciba entities around the world.

A new era – the way ahead

February 2010: Ciba integration is completed

The merger of Ciba India Limited, Diamond Dye-Chem

Limited and Ciba Research (India) Private Limited with

BASF India Limited is completed. The merger expands

BASF India’s portfolio in Specialty Chemicals.

September 2010: BASF set to merge legal entities in india

The Board of Directors of BASF India Limited approve the

scheme of merger of three BASF legal entities in India –

BASF Coatings (India) Private Limited, BASF Construction

Chemicals (India) Private Limited and BASF Polyurethanes

India Limited with BASF India Limited. The merger was

completed in January 2011. With the merger, BASF in India

is set to reap synergetic benefits across business and

functional areas, streamline operations, enable more

efficient service for customers and have better brand

positioning for BASF.

november 2010: BASF Se acquires Cognis holding Gmbh

BASFSEacquiresCognisHoldingGmbHworldwide.

With the purchase of Cognis, BASF India Limited will

further strengthen its position in personal care ingredients,

value-added products for home care, establish a strong

position in human nutrition and strengthen its position in

pharma excipients.

December 2010: Styrenics business becomes Styrolution

BASF decides a global carve-out of its styrene business.

BASFSEandINEOSIndustriesHoldingsLimitedplanto

enter a new joint venture. As of January 1, 2011, BASF’s

styrenics activities will operate as a separate company with

the name Styrolution. BASF Styrenics Private Limited is

renamed Styrolution India Private Limited. BASF retains its

worldwide business with polystyrene foams.

FACtS AnD FiGuReS

•1,830employees•9productionsites•21salesoffices•2R&DCentersworkingcloselywithBASF’sGlobal

Technology Platform•14outof15globalBASFdivisionsoperationalinIndia

Page 14: BASF in India Report 2010

10 Strong Local presence BASF in India - Report 2010

StRonG LoCAL pReSenCeA robust presence across the country

Serving markets through strategic locations

SALeS peRFoRMAnCe oF BASF in inDiA in 2010 (LoCAtion oF CuStoMeRS)

Rs. 61,056 million€ 1.007 billion

(At the exchange rate of €1 = Rs. 60.631835 as on December 31, 2010)

BASF SALeS to CuStoMeRS in inDiA

(in MiLLion € )

0 200 400 800 1,000

2010 1,007

2009 687

2008 693

2007 651

2006 473

600

NalagarhChandigarh

New Delhi

Siliguri

Kanpur

Ahmedabad

Dahej

Indore

AnkleshwarKolkata

ThaneChandivali

Bandra-Kurla ComplexMumbai

Navi MumbaiTurbhe

PuneHyderabad, Secunderabad

MangaloreBangalore

Bandra-Kurla ComplexNavi MumbaiChandivali

Chennai

MumbaiMangalore

R&D

MangaloreTurbheDahejAnkleshwarChennaiBangaloreNalagarhKolkataThane

Production sites

AhmedabadBangaloreChandigarhChennaiHyderabadIndoreKanpurKolkataNew DelhiPuneSecunderabadSiliguri

Page 15: BASF in India Report 2010

BASF in India - Report 2010 Strong Local presence 11

updates on BASF Manufacturing sites in india

Mangalore site – BASF’s largest in South Asia

In Mangalore, BASF is involved in the production of

performance chemicals (leather and textile chemicals),

dispersions and paper chemicals, automotive and coil

coatings, and construction chemicals. The Mangalore site

is among the 153 BASF global production sites certified in

accordance with ISO 14001.

In 2010, the Dyes plant exported a record quantity of

Eukesolar products. In the Dispersions plant a Monomer

recovery unit was installed to separate organic phase from

the Deso stripper effluent. In the Coatings plant, a wide

range of advanced automation solutions were installed

to improve productivity and ergonomics, enhance energy

efficiency and maximize capacity utilization.

The Construction Chemicals plant, commissioned in

March, 2010, produces concrete admixtures for all India

requirements. In the Engineering department, an upgrade

of Effluent Treatment Plant and various improvement

measures were completed through Site Optimization

and idea management. The Quality Assurance department

developed an in-house test method (3M Petri film) to

monitor bacterial load in our emulsion polymers. The

method is reliable, well accepted globally and economical

as compared to outside lab testing.

BASF’S LARGeSt pRoDuCtion Site in inDiA - MAnGALoRe

• Strategicallylocatedclosetotheport• Closetoourcustomerclusters•Engagedinthetheproductionofcoatingsmaterial,

dispersions and pigment preparations

The Coatings plant at Mangalore received “Best Supplier Award” by various reputed automotive companies in 2010.

The new Construction Chemicals plant in Mangalore is BASF’s 5th construction chemicals production site in India.

Page 16: BASF in India Report 2010

12 Strong Local presence BASF in India - Report 2010

Ankleshwar site – Strengthening the BASF paper

Chemicals business

BASF’s site at Ankleshwar is engaged in the production of

paper chemicals. It has two operational units located close

to each other. The legacy Ciba site was acquired after the

merger of Ciba India Limited and Diamond Dye-Chem

Limited with BASF India Limited. In 2010, the site achieved

substantial emissions reduction and implemented several

capacity and yield improvement projects.

Chennai plant – BASF Catalysts india private Limited

The Chennai plant produces automotive catalysts catering

to several domestic and international auto players.

With the growth of light duty vehicle production and the

tightening of the emission norms, BASF started expansion

planning in 2007 to gear up for an increased demand for

automotive catalysts. The new expanded facilities were

commissioned in the last quarter of 2009. The Chennai

site implemented enhancements in 2010 that allow the

production of “zone coated catalysts” identical to those

used in USA, Germany and China.

AnKLeShWAR Site

•LocatedstrategicallyinGujaratIndustrialDevelopmentCorporation (GIDC)

•Closeproximitytovariousinfrastructurefacilities including a highway, railways and two airports

•Engagedintheproductionofpaperchemicals

With the expansion of the Chennai plant, the installed capacity has been tripled and is projected to meet future market requirements in India.

The production facility at Ankleshwar manufactures optical brightening agents catering to paper and detergent industries.

Page 17: BASF in India Report 2010

BASF in India - Report 2010 Strong Local presence 13

Dahej site – Manufacturing hub for styrenics

BASF’sDahejsiteisengagedintheproductionofHIPS

(High-ImpactPolystyrene)andGPPS(GeneralPurpose

Polystyrene).Currently,fourgradesofHIPSandthree

grades of GPPS are manufactured at the site, which find

use in industries such as consumer durables, food

packaging, injection molding products and various other

applications. After the carve-out of the Styrenics business,

the Dahej site will cater to the requirements of Styrolution

India Private Limited as well as BASF India Limited, and

will serve markets in Northern and Western India.

thane site – First production site of BASF in india

BASF’s site at Thane is involved in the production of plastics,

performance chemicals, care chemicals, construction

chemicals, as well as dispersions and pigments. It also

houses technical application centers for care chemicals,

performance chemicals, engineering plastics compounding

and polyurethanes. The site inaugurated new facilities in

2010, including a polymer blender and prepolymer reactor

at the polyurethane system house, as well as a new pentane

tank farm. The site achieved a yield improvement at the

Styropor plant.

CoMMitMent thAt ShoWS

BASF site in Thane received several awards for industry safety performance, including the Certificate of Merit for Meritorious Performance in Industrial Safety from the National Safety Council – Maharashtra Chapter.

The Dahej site produces polystyrene products for use in various end-use industries. The Thane site houses five production plants.

Page 18: BASF in India Report 2010

BASF tAKeS ACtion housing and Construction

basf.com/future

14 BASF takes Action BASF in India - Report 2010

Adding momentum to green buildings

In India, the Confederation of Indian Industry has set up the

Indian Green Building Council (IGBC), which has introduced

the green building rating system LEED (Leadership in Energy

and Environmental Design) in collaboration with the US

Green Building Council.

BASF has a multi-faceted presence in IGBC: as an active

member; as a representative on the Steering Committee of

the annual Green Building Congress; and as a committed

participant in this Congress. We have also installed a

permanentdisplayboothattheIGBCCenterinHyderabad

to provide members of the local construction industry

firsthand information about solutions that can help their

projects achieve a higher LEED rating.

In 2010, we were actively involved with The Energy and

Resources Institute (TERI) which has set up a national

ratingsystemcalledGreenRatingforIntegratedHabitat

Assessment, a green building ‘‘design evaluation system’’

recognized by the Government of India.

BASF supports contractors, planners and architects who

use our sustainable solutions to create green buildings

with higher ratings.

Sustainable buildingsSustainable construction reflects the principles of sustainable development in the site, design, building, maintenance and occupation of buildings – balancing economic, environmental and social aspects.

With our solutions, we aim to help reduce the environmental impact of a building over its entire lifespan, while optimizing its economic viability and the comfort and safety of its occupants. In 2010, BASF India took a leading role in the promotion and development of a local sustainable construction industry.

Adding sustainability to the Delhi airport: A high-speed underground metro-link connects Delhi to the new Terminal 3 at New Delhi’s International airport. GeofoamTM (lightweight blocks of Expanded Polystyrene), reduced the weight of the overall landscaping, prevented excessive use of natural soil, and reduced the construction time from 6 months to 45 days.

Page 19: BASF in India Report 2010

BASF in India - Report 2010 BASF takes Action 15

BASF’s total insulation Solutions for housesCombined area of Total Insulation Solutions installed by BASF in India in 2010: 50,000 square meters.

Glenium® and other admixtures improve concrete flowabilty and durability to make processing more efficient

Peripor® boards, Elastopor®

boards and Elastospray® insulation materials improve energy efficiency

Masterflex® sealants are water repellent,

watertight and weather resistant

Insulation panels made of the plastic Basotect® panels in roof and walls

provide noise cancellation for acoustic performance Coniroof®, Masterpren®, and

Sonoshield® water-proofing systems for roof enable a leak-proof structure

The Mastertop® flooring solution is robust, easy to clean and absorbs sound

Mastertile® and PCI® Series tile adhesives

and grouts offer solutions for internal

and external tile fixing

Senergy® with Neopor® insulation provides efficient thermal insulation with aesthetic finishes to facades

360-degree insulation solutions: from design to installation

India is strongly promoting energy conservation. The

energy regulating body of India, the Bureau of Energy

Efficiency, which focuses on energy usage in construction

and housing, has introduced a rating for energy

conservation. BASF, with its leading insulation and water-

proofing solutions, is enabling planners and developers to

construct more energy efficient buildings through total

insulation systems to improve the overall energy efficiency

by offering total thermal insulation and water-proofing for

the building envelope using a combination of products

from across the diverse areas of expertise – polyurethanes,

foams, dispersions and construction chemicals.

BASF technical experts supervise and ensure that

these solutions are executed as per the best engineering

practices. The products which are adapted to local needs

and available across the country reduce the environmental

impact right from transportation of this lightweight material.

thermocretetM – the lightweight insulation concrete

In India, 80% of buildings have flat roofs, making it

necessary to have an overlay to ensure rainwater drainage.

Conventional systems, such as brickbat coba or mud

phaska, meet drainage requirements but are time, labor

and material intensive. BASF has introduced ThermocreteTM,

a combination of cement, sand and expanded polymers

(Styropor beads) and RheoFIT® admixture. This roof

overlay is 60% lighter than brickbat, reduces the weight

on the structure, has eight times better thermal insulation

compared to brickbat, and is faster to construct.

ThermocreteTM is an innovative combination of products

stemming from two BASF competencies; construction

chemicals and foams, locally designed and developed

forIndia.TheS.E.AsiaheadquartersofWorldHealth

Organization(WHO)inNewDelhiisanidealexampleof

efficient and practical usage of ThermocreteTM.

Adding a fresh breath to paints

Fumes that are released during the painting process are

called Volatile Organic Compounds (VOCs). In order to

create a better environment for workers and residents,

BASF offers Acronal® ECO as a binder for paints. With this

technology, odor-causing impurities are removed but

the functional properties of the paint remain. With the

introduction of Acronal® ECO, “no-smell” paints are helping

people all over India benefit from the comfort of low VOC

and low odor. The extended durability of the paint also

leads to better aesthetics and long-term protection.

Page 20: BASF in India Report 2010

BASF tAKeS ACtionhealth and nutrition

basf.com/future

16 BASF takes Action BASF in India - Report 2010

new generation packaging solutions

A better way to package tea

The tea gardens of Assam in North East India are known

for some of the world’s finest tea leaves. After plucking,

these leaves are processed near the foothills, after which

they make a long journey to the packaging plant.

Traditionally, the leaves were packed in jute bags.

However,juteisnotveryeffectiveinretainingthearoma

of freshly processed tea leaves. BASF India’s Packaging

Industry Target Group introduced an innovative solution for

the bulk packaging of tea leaves: polyamide bags.

Polyamide bags have excellent aroma retention property

and are puncture resistant, thus preventing spillage or

wastage. This solution has already met with success.

OneofIndia’slargestteamanufacturingbrands,Hindustan

Unilever, has started using these polyamide bags as part of

a pilot project. This innovative solution from BASF will

enable tea marketers to offer their end customers a

superior aroma when sipping their favorite cup of tea.

BASF’s innovative plasticizer – hexamoll® DinCh

For transparent films used in diverse sensitive applications

such as fruit wrapping, textiles, toys and medical devices,

BASFhasintroducedaninnovativeplasticizer–Hexamoll®

DINCH.Itisphthalate-freeandhelpsmanufacturersand

exporterscomplywithregulatorystandardssuchasREACH

(Registration, Evaluation, Authorization and Restriction of

Chemical substances) in Europe.

Supporting sustainable living BASF is helping India’s rapidly modernizing population find a better quality of life.

From health to nutrition, India’s new generation of consumers are demanding a better, more sustainable way of life. Chemistry plays an important role in making it possible.

The polyamide packaging bags of 25-kilogram capacity retain the freshness and aroma of tea leaves during transportation.

Page 21: BASF in India Report 2010

BASF in India - Report 2010 BASF takes Action 17

Shaping the agricultural landscape with Samruddhi

Samruddhi helps indian farmers

The market for crop protection products in India is growing

at a rapid pace. Farmers are interested in information on

the best agricultural practices to increase crop yield and

quality. BASF is helping farmers through its “Samruddhi”

program (English: Prosperity) which focuses on enhancing

yield and quality of crops grown by farmers.

In 2007, the program started with Soybean and Potato

farmers. In 2010, we extended Samruddhi to Onions.

In 2011, the plan is to extend it further to Tomato and

Groundnut. Samruddhi is a success story for all its partners.

During 2010, participating farmers achieved an average

increase in soy production yield by 30%. Today we are

working with more than 170,000 farmers helping them

select the best agricultural practices, ideal seed varieties

as well as best fertilizers and effective crop protection

technologies to ensure a good harvest. Through

Samruddhi, farmers perceive BASF as an important

“Partner in Progress.”

‘‘I have been cultivating soybean for the past 12 years, and have started using the Samruddhi way of farming two years ago. I learnt about the proper time of fertilization and adequate spacing in soybean farming. Through this knowledge, I experienced an increase in yield from 15 to 35 kilograms, per kilogram of sown seeds. With the increase in profits, I have been able to buy a tractor and a thresher, and also fit a borewell in my farm. With BASF’s constant support, I hope to be a big farmer someday.”

- Vijay Singh Raghuvanshi, Soybean farmer, Madhya Pradesh, India

By 2050, more than 9 billion people, 40% more than today, will live on Earth. The growing population and rapid urbanization will put heavy pressure on industry sectors like health & nutrition, housing & construction, energy & climate protection and mobility. BASF is working to create innovative solutions to address these megatrends.

In 2011, BASF is extending its Samruddhi program to new crops such as Tomato and Groundnut.

Page 22: BASF in India Report 2010

18 environment, health and Safety BASF in India - Report 2010

TheEHSperformanceismonitoredbyBASFinIndiaunderRCMS,whichistheinternationallyacceptedbenchmark forevaluationofEHSstandards.TheResponsibleCare® group is guided by the Chairman of BASF Group in India and headedbytheChiefExecutive–ManufacturingincoordinationwiththeCountryHeadandhisteamforResponsibleCare® for BASF in India. Our commitment to Responsible Care® validates our claim of being “BASF – The Chemical Company”.

ABout ReSponSiBLe CARe® MAnAGeMent SYSteM (RCMS)

enViRonMent, heALth AnD SAFetYGrowing the business sustainably

At BASF, economic considerations do not take priority

over environment, health and safety. environmental

protection, safety and security are defined in our

corporate guidelines – and are therefore important to us.

Responsible Care® at BASF in india

As a signatory of Responsible Care®, BASF is dedicated

to the fundamental tenets of safeguarding people’s health,

protecting the environment, reducing risk and supporting

sustainable growth. In 2010 we enhanced our commitment

by expanding the size and scope of the team responsible

forenvironment,healthandsafety(EHS)atBASFinIndia.

In particular, we expanded the team’s role in Sustainable

Development. We believe that our commitment to

sustainability generates value for us and our stakeholders,

as well as for future generations.

product stewardship

BASF has global group-wide directives on product

stewardship in place. This ensures that our products are

well understood and risks are managed throughout the

value chain. Our compliance programs are tracked and

we regularly communicate new regulatory changes to our

customers and all involved. Our Trade Control Compliance

program, supported by a strong software module ensures

compliance with relevant legal requirements. With these

measures, we support the Global Product Strategy of the

International Council of Chemical Associations.

transportation and distribution safety

A network consisting of a local transportation and

distribution safety advisor and more than 20 responsible

persons ensure that written procedures and work

instructions are available for all transportation and

distribution safety related processes.

BASF ensures that all its transporters and warehouse

operators meet minimum safety requirements by conducting

Road Safety Assessment of road haulers and Warehouse

Safety Assessments of the safety performance of the

warehouse operator and assess the potential risks from

products stored. Whenever an accident or incident takes

place, all assistance is given to the transporter by the

BASF logistics and emergency response teams and local

transportation and distribution safety advisor. These

incidents are also recorded, investigated and analyzed to

undertake preventive measures to avoid them in the future.

Regular workshops are conducted by global and regional

experts from BASF. Furthermore, Tank Terminals for bulk

storage of raw materials are used only after a risk

assessment is conducted by the product steward of the

respective business unit in line with the Chemical

Distribution Institute terminal assessment programs.

Cargo securing practical training in progress.

Page 23: BASF in India Report 2010

BASF in India - Report 2010 environment, health and Safety 19

Chemical industry interface: We proactively shared our

successful practices in transportation and distribution

safety with the chemical industry at meetings, workshops

and seminars organized by Indian Chemical Council and

Federation of Indian Chambers of Commerce and Industry.

Supply Chain: Sustainable partnership is of prime

importance to assure our customers uninterrupted delivery

of our products. We have taken initiatives to improve agility

(quick response to sudden changes in supply and demand),

adaptability (accommodate market changes) and to be

aligned to customer needs. BASF is eliminating

unnecessary transportation by road and using improved

coastal infrastructure for movement of bulk cargo for the

BASF production site in Mangalore.

occupational safety

In 2010, BASF in India reported a Lost Time Injury Rate of

0.25 for BASF employees and 0.40 for contract employees.

There were no fatalities in 2010.

Quarterly Safety educational Campaigns in 2010:

BASF launched quarterly educational campaigns on safety

issues to further improve occupational safety performance

in the workplace.

Safety Campaigns were conducted for the benefit of all

employees including contract employees to ensure

compliance with BASF’s minimum requirements, eventually

leading to lower incident rates in the work areas. This

began with the “slip, trip & fall” campaign in 2009 and

continued in 2010 with programs on fork-lift safety, hand

safety, hazard identification and risk assessment and

working at heights.

Safety initiative C.A.R.e.: In 2010, BASF continued to

support behavior-based safety through the C.A.R.E. program,

including offices as well as production sites. The C.A.R.E.

program was rolled-out at the Ankleshwar site and the Office

C.A.R.E program was launched at the Chandivali and Delhi

offices. The C.A.R.E. program has covered more than 2,000

employees (including contract employees) to date.

occupational health

BASF in India took several steps in the area of occupational

health.Healthcheck-upswereconductedhalf-yearlyand

annually and Influenza vaccination campaigns were

conducted at all sites. Medical camps and adequate mock

drills were conducted and first aid training was provided to

key employees. A pandemic preparedness plan for BASF

India was created and circulated to all sites and offices.

Furthermore, medical audits were conducted at Chennai

and Turbhe.• • BASF employees • • Contract employees

Lost time injury rate BASF employees and contractors (Per million working hours)

0

0.2

0.4

0.6

0.8

1.0

1.2

LTI p

er m

illio

n w

orki

ng h

ours

201020092006 2007 2008

0

0.38

0 0

0.62

1.05

0.40

0.25

0.730.71

C.A.R.E. stands for four areas which are crucial for improving our saftey record: Communication about safety issues, Awareness of risks, Responsibility for safe working environment and Excellence in safe behavior.

KnoWinG C.A.R.e.

Page 24: BASF in India Report 2010

emissions

emissions to air: CO2 emissions constitute a major

portionofthegreenhousegas(GHG)emissions.In2010,

emissionofGHGfromchemicaloperationsofBASFin

India amounted to 65,677 metric tons, an increase of 21%

compared to 2009. This increase was mainly due to the

increased manufacturing activities at the sites, and full year

emission reporting of the legacy Ciba site at Ankleshwar.

In 2010, emission of air pollutants from chemical operations

of BASF in India amounted to 467 metric tons. This marked

a decrease of 5% compared to 2009.

20 environment, health and Safety BASF in India - Report 2010

Air pollutants¹ – (without Ch4) (Metric tons)

¹Includes:CO,NOX,NMVOC,SOX,dust,NH3/other inorganics

BASF’S GLoBAL CoRpoRAte CARBon FootpRint 2010

1 CO2e is the abbreviation for CO2 equivalent. This unit enables comparison of various greenhouse gases such as nitrous oxide, methane, carbon dioxide, etc.

We reduce emissions along the value-adding chain Significant greenhouse gas emissions (in million metric tons of CO2e per year) 1

our products for climate protection Emissions avoided by our customers (in million metric tons of CO2e per year) 1

1,398With use of

BASF products

1,720Without use of BASF products

322 million metric tons of Co2 are avoided

Raw materials: 43

BASF production: 25

Use of BASF end products: 56

Disposal: 29Transport: 4

Site employees can undergo routine health check-up at our on-site occupational health centers. Shown above: BASF Mangalore site occupational health center.

process safety

BASF carries out a five-step system of reviews for the

planning and construction of new chemical plants to

protect the health of our employees, neighbors and the

environment. As a part of this initiative, we carried out

“Process Safety Workshops” at our different sites.

To ensure proper hazard analysis of any change at our

existing plants, we strengthened the management of change

process, to review all technical or organizational changes.

Climate protection

Climate protection is an issue that affects us all. BASF has

undertaken several steps globally in the area of climate

protection. In India, in 2010, logistics played a large role in

controlling CO2 emissions. BASF’s production site in

Mangalore used shipping transportation instead of largely

relying on road transport for the movement of bulk cargo.

Greenhouse gas emissions (total) (Metric tons of CO2 equivalents¹)

¹ CO2 equivalents include: CO2, N2O,CH4,HFC,PFC,SF6

Page 25: BASF in India Report 2010

BASF in India - Report 2010 environment, health and Safety 21

energy

The most important means of reducing our energy

consumption and thereby also lowering emissions is energy

efficiency, which is defined as primary energy consumption

(fuel, electricity, steam) per ton of product. While electricity,

fuel and steam consumption in 2010 increased by 11%,

19% and 4% respectively as compared to 2009, primarily

due to the increased manufacturing activity at our sites

and full year emission reporting of the legacy Ciba site,

our overall energy efficiency improved on account of

improvement in certain production processes. Water

Water Supply: In 2010, BASF in India used 719,141 cubic

meters (2009: 637,008 cubic meters) of water. This number

is reported as water supply. The increase in water supply

by 13% was due to increased manufacturing activity at the

sites and full year emission reporting of the legacy Ciba

site at Ankleshwar.

Water used for production:

Of the 719,141 cubic meters of water used, 443,625 cubic

meters (2009: 303,553 cubic meters) came into contact

Steam consumption (Metric tons)

electricity consumption (MWh)

Fuel consumption (MWh)

BASF in India gives utmost importance to environment protection – each of our sites has an effluent treatment plant to clean the discharge and make it more eco-friendly.

pRoteCtinG the enViRonMent

Effluent treatment plant at Mangalore site.

Water supply (total) (Cubic meters)

Page 26: BASF in India Report 2010

with products, for example, when used for washing or as a

solvent or a reaction medium. This number is reported as

water used for production.

In 2010, 27,435,717 cubic meters of water was used

for cooling. We perceive an additional benefit from the

recirculation of water. Resources can be saved as by every

recirculation step, the same amount of newly circulated

water can be omitted. The higher the difference between

our water supply and the cooling water amount, the more we

use our resources efficiently and protect the environment.

emissions to water:

Emissions of organic substances to water (measured as COD

– Chemical Oxygen Demand) amounted to 51 metric tons in

2010, an increase of 11% compared to 2009 due to full year

emission reporting of the legacy Ciba site at Ankleshwar.

The emissions to water of nitrogen were about 1.7 metric

tons, an increase of 12% as compared to 2009, due to

increased waste water generation at the Thane site.

The emissions to water of heavy metals were about

0.13 metric tons. There is no change as compared to 2009.

22 environment, health and Safety BASF in India - Report 2010

Water used for production (total) (Cubic meters)

organic substances (CoD) (Metric tons)

nitrogen (Metric tons)

heavy Metals (Metric tons)

Training is one of the basic parts of Responsible Care® Management System. We have conducted training exercises across various sites for employees as well as contractors to create awareness and responsibility among them, which has reflected in their behavior at work.

tRAininG

Page 27: BASF in India Report 2010

BASF in India - Report 2010 environment, health and Safety 23

Waste

In 2010, BASF in India generated 5675 metric tons of

waste. The increase in waste compared to 2009 is

attributed to increased production at the sites and a

catalyst change-over twice at our Styrenics plant, which

generally takes place once every year. In 2010, the

recycled waste recovery was 2,683 metric tons compared

to 1700 metric tons in 2009. The waste recovery rate was

47% in 2010, compared to 36% in 2009.

Waste recovery rate stood at 0% from 2006-08 and is

included from 2009, after inclusion of reporting from the

legacy Ciba site at Ankleshwar.

emergency response and crisis management

At BASF in India, we have a well rehearsed “On Site” and

“Off Site” emergency incident and crisis management plan.

We also invite the neighboring community and district

crisis committee to the mock drills. The incident and crisis

management plan for BASF in India is in line with our

regional incident and crisis management plan to minimize

the overall negative impact of a given situation. We have

also launched a comprehensive disaster management

program for our employees. A well-equipped disaster

control centre has been created at our office in

Navi Mumbai and is staffed with qualified professionals.

Regular mock drills at our production sites keep the team ready and geared to take corrective action if the need arises.

MoCK DRiLLS

total amount of waste (Metric tons) and recycling rate

Met

ric T

ons

1,000

2,000

3,000

4,000

0

6,000

5,000

20102006 2007 2008 2009

47%

36%

5,675

4,663

2,1082,348

0%0%

1,013

0%

• • Waste • • Recycling rate

Disaster Control Centre at Navi Mumbai.

Page 28: BASF in India Report 2010

24 employees BASF in India - Report 2010

eMpLoYeeSCreating chemistry with an excellent employee base

BASF employees work in an environment that values

their ideas and gives them opportunities to learn,

grow and perform to their fullest potential. We strive

to create teams, which are best in the industry, and our

employer Value proposition is our guiding principle.

Our commitment to employees extends beyond the

employer-and-employee relationship and is aligned to our

Asia Pacific goals, with three anchor elements – global

leadership as: “The Chemical Company”, leadership in

career development and valuing and connecting people.

We offer a diverse, transparent and open work culture, and

a global career framework, which enhances and enriches

work performance. We offer job satisfaction through

initiatives that enable us to successfully attract, retain and

engage some of the best talent in industry.

Vibrant examples of our employer Value proposition

From Researcher to Vice president

“I believe that autonomy and mastery are the primary

motivators of human beings. BASF offers abundance of

these two motivators. There is a tremendous amount of

autonomy for leaders and employees to shape their

businesses and teams. For those who want to pursue the

path of mastery, there are several in-house training

programs and if none of them meets the need, the

company does not hesitate to support you through a

program outside. My successful transformation from a

researcher to general management to a global delegate

would not have been possible without these facilities.”

- Dr. Raman Ramachandran

From employee to Business Director

“After spending 19 years at Ciba in varied businesses,

working for the world’s most admired chemical company

was a dream come true. Following the Ciba integration,

I was given the responsibility to head the Dispersions and

Pigments business of BASF in South Asia.

The challenge was to handle the BASF complexity – the

size and the matrix structure – and quickly integrate three

diverse teams (Architectural and Construction Polymers,

Pigments & Resins, and Coating Effects) into one unified

Dispersions and Pigments – South Asia Team. I must admit

that in spite of these complexities, BASF gave me the freedom

0 2,000

2010 1,830

2009 1,810

2008

2007

2006

nuMBeR oF eMpLoYeeS oF BASF in inDiA

500 1,500

1,370

1,280

1,000

1,100

Ajai Gupta and Paramita Sarkar (from left to right) are ideal examples of how BASF offers an excellent career path for cross-industry individuals.

Dr. Raman Ramachandran, Vice President Marketing - Asia Pacific, Crop Protection division exemplifies how freedom of learning and decision-making empowers and shapes future leaders at BASF.

Page 29: BASF in India Report 2010

BASF in India - Report 2010 Employees 25

to operate, to focus on key tasks and to work with a

passionate team and realize the synergies of the integration.”

- Ajai Gupta

From a lateral entrant to a successful growth story

“I joined BASF with over 13 years of experience in the

industry. As an experienced entrant, I was not only looking

for constant learning and growth but also benchmarking it

with the industry. Over the years, I have realized that BASF

is not only a great organization for people to begin their

careers but equally rewarding for those who join midway.

In the past six and a half years, I have worked in three

different divisions of BASF – Dispersions, Care Chemicals

and Nutrition & Health. This transition allowed me to

interact with different industry segments.

There are few organizations that facilitate such movement

across different business lines. Experience also came to

me from the variety in work exposure – from Sales &

Marketing to Strategy to Business Management. With these

movements across industry segments, across varied roles,

I have been able to apply the learning and model of one

business into another business, bringing in positive change.”

- Paramita Sarkar

From Trainee to Business Director

“Working in my current responsibility, as a team member of

the Intermediates division of BASF in South Asia, I look

back with great pride to the time spent in my previous

assignment with our paper chemicals business, where we

built a team with a humble beginning and went on to

become market leaders within six to seven years.

After many successes, including being part of a capacity

expansion project and 11 years, I got the opportunity to

expand my horizon with my current portfolio. I am now a

part of the team that identified a roadmap for growth in

Intermediates and has successfully implemented this in the

last four years. The investment of BASF into my career

development and the company’s view of looking at its people

as a resource rather than an expense make me feel valued

and honored. The best part of being with BASF is that I get a

chance to lead and influence, with help from my team, and

to reach out to a significant portion of the chemical industry.”

- Vivek Bapat

From Campus Interviewee to a Leader in making

“‘I know it is a chemical company, but don’t you think

mechanical engineers are required everywhere?’ I still

remember my first statement during the interview with

the head of manufacturing at BASF and it seemed to work.

My journey started in 2006 as a management trainee

and in the last four years, I have already changed two

cities, three locations and three job profiles within BASF.

The experience has been enriching. Whenever work was

challenging, there was always someone to motivate and

appreciate. I believe that freshers and new employees

always look for guidance and an open environment where

their views are heard. The work culture of BASF and

a receptive management encourage youngsters to

participate in the decision-making process.”

- Anup Pandey

www.basf.com/employees

WE Form ThE BEST TEAm In InDuSTry

Our employees make use of their individual strengths and competencies for the success of the company. This diversity increases our innovative potential and helps us find tailor-made solutions for our customers’ wide range of requirements.

Vivek Bapat and Anup Pandey (from left to right) are perfect instances of how entrants can work their way up and realize their full potential at BASF.

Page 30: BASF in India Report 2010

Shanthi, one of the beneficiaries of the drinking water project in Cuddalore, Tamil Nadu.

SoCietY enriching lives around us

26 Society BASF in India - Report 2010

Giving back to society is important to BASF. in india,

we continue to bring about societal changes through

two projects - “Sadbhavana” (empathy) and “Fighting

Corruption in public Life.” the former pertains to relief

and rehabilitation efforts, empowerment of women and

education-led activities, while the latter focuses on

fighting against the social evil of corruption.

Sadbhavana

post-tsunami relief and rehabilitation efforts

TogetherwithUN-HABITAT,wehavetakenupawater

and sanitation project to provide sustainable relief to the

victims of the 2004 tsunami in the interiors of South India.

28 villages in Cuddalore district of Tamil Nadu have been

identified as beneficiaries, supporting 13,500 people.

The project intends to provide clean water and toilets

in these villages and in select schools.

UN-HABITAThasextensivefacilitationexperiencein

providing clean drinking water and sanitation facilities in

disaster stricken areas around the world. The project also

aims to support the disabled by constructing and running

disability resource centers.

Drinking water comes home

Shanthi, a single mother of five children from Singarakup-

pam village, in Cuddalore, used to spend two hours a day

to collect water from a tap located 5 kilometers away from

herhome.However,lifechangedforShanthiwhenBASF

partneredwithUN-HABITATandFoundationforEcological

Research Advocacy and Learning (FERAL) for a water

project. Today she has a refreshing smile on her face, as

fresh water is just a few steps from her home. Four

community hand pumps installed in the village supply

clean and potable water to 180 families.

BASF’S pARtneRShip With un-hABitAt – MAKinG A DiFFeRenCe in SoutheRn inDiA

BASFhasjoinedhandswithUN-HABITATtoundertakeaprojectonwaterandsanitationinstatesinSouthernIndia. BASFSocialFoundationisthesponsoroftheinitiative.UN-HABITATexecutestheseprojectswithitsimplementationpartners – Foundation for Ecological Research Advocacy and Learning (FERAL) for the water and sanitation project and Leonard Cheshire Disability (LCD) for the disability project. BASF in India is the coordinating and monitoring partner.

Page 31: BASF in India Report 2010

Making life more hygienic

Due to lack of proper sanitation facilities, Amudha and

her four daughters at Kandakadu village, Tamil Nadu, used

to walk for an hour just to relieve themselves. Under the

UN-HABITAT/FERALproject,aleach-pittoiletwasinstalled

in their home. The local committee chose Amudha’s family

as recipients, as they fall in the “vulnerable persons”

category, which includes women-headed households.

paralysis to leadership – thulasi proves it is possible

Thulasi grew up in Devanampattinam village of Cuddalore

district, suffering from partial paralysis. Herlifechanged

when she was spotted during a survey under the disability

project by Leonard Cheshire Disability (LCD) in partnership

with BASF. She received a disability identity card and

supportive devices along with regular physiotherapy.

Thulasi then enrolled for skills training in cell phone repair.

Today, the same project that enabled Thulasi to stand on

her feet is now grooming her to lead a self-help group that

helps enable physically challenged individuals like her to

avail themselves of their rights and entitlements.

Fighting corruption

Julio Ribeiro named BASF’s ‘‘Good Governance icon”

BASF has introduced the ‘‘Good Governance Icon”

series as an initiative under its “Million Minds” project to

fight corruption in public life. It highlights the achievements

of people who have upheld the highest levels of integrity,

while succeeding in their respective fields. In November

2010, BASF named “super cop” Padma Bhushan

Julio Ribeiro as its ‘‘Good Governance Icon.”

BASF in India - Report 2010 Society 27

Amudha (left), standing with one of her four daughters, is delighted to have a sanitation facility in her own home.

BASF FiGhtS CoRRuption With A SupeR Cop

Prasad Chandran, Chairman BASF Companies in India andHeadSouthAsiafelicitatesPadmaBhushan Julio Ribeiro, as BASF’s “Good Governance Icon.”

(Left to right) Prasad Chandran, Julio Ribeiro, Justice Santosh Hegde, P.P. Shetty.

Page 32: BASF in India Report 2010

28 Focus on education BASF in India - Report 2010

We firmly believe that the students of today will be our

partners tomorrow. it is our vision to help them grow

and become more successful. We do so by inspiring

them, enabling them and helping them succeed with

the power of chemistry.

BASF Kids’ Lab

In 2010, BASF Kids’ Lab inspired thousands of young

minds with the magic of chemistry in two districts of

Mangalore, Karnataka. More than 2,500 students from

Grade VI-VIII in 28 schools learned about the significance of

chemistry in everyday life with six hands-on experiments.

ph.D program supporting the next generation

of scientists

Six years ago, BASF began a Ph.D program at its R&D

center, aimed at students with strong practical skills who

did not have the opportunity to join a prestigious research

institute. In 2010, the first group of Ph.Ds completed the

program and joined BASF as employees.

interacting with the packaging leaders of tomorrow

In 2010, BASF organized a packaging workshop at SIES

School of Packaging – one of the most renowned technical

institutes in Mumbai. At the workshop, more than 70

students came together to discuss packaging trends

and materials. They also exchanged views on different

packaging issues and challenges confronted by the

industry. The event helped the students to start thinking

about packaging design from a new angle: starting from

the material.

taking pharmaceutical solutions to the university level

In pharmaceutical development, excipients facilitate the

formulation and obtaining of the desired properties for the

finished drug. Universities are active in this area but need

access to the latest excipients for their research in novel

drug delivery systems. To support their activities, BASF

provided an “excipients trolley” to several universities

and research institutes, each containing a broad range of

excipient samples, books and information materials.

BASF KiDS’ LAB

BASF Kids’ Lab is an interactive chemistry education program first launched at BASF’s headquarters in Germany in 1997. It is a part of the company’s global Sustainable Development Program. The concept is based on educational findings and intensive research conducted in Europe and USA. It was introduced in India in 2004.

The BASF excipients trolley is well-stocked with excipient samples and information materials which are replenished regularly.

Young students exploring the magical world of chemistry.

FoCuS on eDuCAtion investing for a better tomorrow

Page 33: BASF in India Report 2010

BASF in India - Report 2010 Awards and Recognition 29

AWARDS AnD ReCoGnition excellence that shows

Frost & Sullivan Business excellence Awards

BASF was recognized for excellence in product, service,

and innovation at the Frost & Sullivan “2010 India

Excellence in Chemicals, Materials, and Food (CMF)

Awards.” BASF was presented with the “Voice of

Customer” Product Excellence accolade in the

Pharmaceutical Additives category and in the Polymer

Additives category. BASF was also recognized for Product

and Customer Service Excellence in the Personal Care

Actives category. The award methodology involved a

multi-tier process where excellence in industry was gauged

through ratings provided by end-user companies. BASF’s

performance was benchmarked against leading

competitors in the industry to evaluate its standing in a

host of crucial factors such as leadership, strategy, growth,

innovation, integration and reliability.

‘‘Best performance Award’’ from Mahindra & Mahindra

Mahindra & Mahindra, India’s leading tractor and utility

vehicle manufacturer, honored BASF with the “Best

Performance Award” in the Value Addition/Value

Engineering category for the year 2009-2010.

BASF’s association with Mahindra & Mahindra started in

1996 and has grown ever since. Today BASF is one of

the leading suppliers of coatings to the company.

‘‘industrial Safety Award’’ for thane site

BASF’s Thane site was adjudged as the first prize winner

for “Industrial Safety Performance’’ by the Directorate of

IndustrialSafetyandHealth-ThaneRegion,underthe

large category of companies.

BASF was ranked as the world’s most admired chemical company according to a survey carried out by U.S. business magazine Fortune in 2010. Industry experts voted BASF into top position in the chemical industry in the categories of product and service quality, global competitiveness and quality of management.

BASF RAnKeD the WoRLD’S MoSt ADMiReD CheMiCAL CoMpAnY

Employees of BASF Thane site with the trophy for “Industrial Safety Award.”

BASF receives the Frost & Sullivan 2010 India Awards for Product Excellence in the Chemicals, Materials and Foods Sector.

BASF receives the “Best Performance Award” from Mahindra & Mahindra.

Page 34: BASF in India Report 2010

SÃOPAULO

FLORHAMPARK

FREEPORT

GEISMAR

R

RR

R

R

basf.com

Regional centers

Verbund sites

Selected production sites

R Most important research sites

noRth AMeRiCAcompared with previous year SALeS eBit eMpLoYeeS

+41% +120% 16,487

South AMeRiCA, AFRiCA, MiDDLe eAStcompared with previous year SALeS eBit eMpLoYeeS

+31% –37% 6,879

BASF in the ReGionSSales 2010: €63,873 million; eBit 2010: €7,761 million

noRth AMeRiCA South AMeRiCA, AFRiCA, MiDDLe eASt

Sales of companies based in North America rose by 41% to €13,246 million or 34% in local currency terms. Nearly all segments posted considerable gains in sales volumes and sales compared with the previous year. Income from operations in 2010 reached a new record of €1,107 million, representing an increase of €604 million over the previous year.

For companies based in South America, Africa, Middle East, sales were far above the 2009 level, increasing by 31% to €3,829 million thanks to the substantial economic recovery. In local currency terms, sales were 19% higher than 2009. Compared with 2009, income from operations declined by €104 million to €177 million. This was due to one-time expenses for valuation adjustments on receivables related to long-term supply agreements.

30 BASF in the Regions BASF in India - Report 2010

Page 35: BASF in India Report 2010

NANJING

ANTWERP

KUANTANSINGAPORE

HONG KONG

LUDWIGSHAFEN

RR

R R

R

R

R

R

R R

R

R

BASF is the world’s leading chemical company – The Chemical Company. With about 109,000 employees, six Verbund sites and approximately 390 additional production sites worldwide, we support customers and partners in almost all countries.

ASiA pACiFiCcompared with previous year SALeS eBit eMpLoYeeS

+46% +153% 15,965

euRopecompared with previous year SALeS eBit eMpLoYeeS

+16% +118% 69,809

euRope ASiA pACiFiC

Sales of companies based in Europe grew by 16% compared with the previous year to reach €35,156 million. Sales increased in nearly all segments thanks to improved demand. The Oil & Gas segment posted a decline sales owing to lower natural gas prices. At €5,206 million, income from operations was more than twice as high as in the previous year.

Sales of companies based in Asia Pacific increased by 46% to €11,642 million, or 35% in local currency terms. Sales increased in all segments, particularly in our chemicals business. We posted record income from operations, which rose by €768 million to €1,271 million, thanks mainly to higher volumes.

BASF in India - Report 2010 BASF in the Regions 31

Page 36: BASF in India Report 2010

ten-YeAR BASF SuMMARY

32 ten-year BASF Summary BASF in India - Report 2010

ten-Year Summary (million €)

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Sales and earnings1

Sales 32,500 32,216 33,361 37,537 42,745 52,610 57,951 62,304 50,693 63,873

Income from operations before depreciation and amortization (EBITDA)

4,142

5,105

5,110

7,685

8,233

9,723

10,225 9,562 7,388 11,131

Income from operations (EBIT) 1,217 2,641 2,658 5,193 5,830 6,750 7,316 6,463 3,677 7,761

Income from ordinary activities 609 2,641 2,168 4,347 5,926 6,527 6,935 5,976 3,079 7,373

Extraordinary income 6,121 – – – – – – – – –

Income before taxes and minority interests 6,730 2,641 2,168 4,347 5,926 6,527 6,935 5,976 3,079 7,373

Income before minority interests 5,826 1,599 976 2,133 3,168 3,466 4,325 3,305 1,655 5,074

Net income 5,858 1,504 910 2,004 3,007 3,215 4,065 2,912 1,410 4,557

Capital expenditures and depreciation1

Additions to property, plant and equipment and intangible assets

3,313

3,055

3,415

2,163

2,523

10,039

4,425 3,634

5,972

5,304

Thereof property, plant and equipment 3,037 2,677 2,293 2,022 2,188 4,068 2,564 2,809 4,126 3,294

Depreciation and amortization of property, plant and equipment and intangible assets

2,925

2,464

2,452

2,492

2,403

2,973 2,909 3,099 3,711 3,370

Thereof property, plant and equipment 2,307 2,012 1,951 2,053 2,035 2,482 2,294 2,481 2,614 2,667

number of employees at year-end 92,545 89,389 87,159 81,955 80,945 95,247 95,175 96,924 104,779 109,140

personnel expenses1 6,028 5,975 5,891 5,615 5,574 6,210 6,648 6,364 7,107 8,228

Key data1

Earnings per share (€)2, 3 4.864 1.30 0.81 1.83 2.87 3.19 4.16 3.13 1.54 4.96

Cash provided by operating activities5 2,319 2,313 4,878 4,634 5,2506 5,940 5,807 5,023 5,693 6,460

EBITDA margin (%) 12.7 15.8 15.3 20.5 19.3 18.5 17.6 15.3 14.6 17.4

Return on assets (%) 3.1 8.4 7.4 13.2 17.7 17.5 16.4 13.5 7.5 14.7

Return on equity after taxes (%) 36.64 9.3 6.0 12.9 18.6 19.2 22.4 17.0 8.9 24.6

Share2

Year-end price (€) 20.88 18.04 22.29 26.50 32.36 36.93 50.71 27.73 43.46 59.70

Dividend per share (€)2 0.65 0.70 0.70 0.85 1.00 1.50 1.95 1.95 1.70 2.20

Number of shares as of December 31 (million)2, 7 1,166.8 1,140.6 1,113.3 1,080.9 1,028.8 999.4 956.4 918.5 918.5 918.5

1 Starting in 2005, the accounting and reporting of the BASF Group have been prepared in accordance with International Financial Reporting Standards (IFRS). The previous year’s figures have been restated in accordance with IFRS. The figures for the years up to and including 2003 were prepared according to German GAAP.

2 In the second quarter of 2008, we conducted a two-for-one stock split. The previous years’ figures for earnings per share and number of shares have been adjusted accordingly.

3 Adjusted for special items and impairment of intangible assets, earnings per share were €5.73 in 2010 and €3.01 in 2009.4 Including extraordinary income.5 Includes the change in reporting from 2009 onward of the effects of regular extensions of U.S. dollar hedging transactions. 6 Before external financing of pension obligations.7 After deduction of shares earmarked for cancellation.

Registered trademarks of BASF Group: Abate,AcronalPRO,CeoDS,COL.9,Digilab,Elastocool,Elastollan,Elastopave,Elastopor,ElastoporH,Elastoskin,Elastospray,E-por,Fendona,Fortuna,Glenium,Glysantin, GreenSense,Hydraulan,Interceptor,KauritLight,Lumogen,Masterflex,Mastertop,Neopor,Palusol,Polyheed,PolyTHF,Pozzolith,SEEBALANCE,Soluplus,Suvinil,TinuvinXT,Ultradur,Ultramid,Ultrason, X-Seed (Trademarks are not necessarily internationally registered.)Registered trademarks of other companies: Carbon Disclosure Leadership Index, Carbon Performance Leadership Index, DJ Chemicals, DJ EURO STOXX, Dow Jones Sustainability World Index, MSCI World Chemicals, Patent Asset Index

Page 37: BASF in India Report 2010

connEcT WITh BASFBASF touchpoints across India

registered office for BASF Group companies in India

1st Floor, VIBGYOR Towers, Plot No. C - 62,

‘G’ Block, Bandra-Kurla Complex,

Mumbai - 400 051, Maharashtra

Phone: +91 22 6661 8000 Fax: +91 22 6758 2753

corporate offices

BASF India limited

Plot 37, Chandivali Farm Road, Chandivali,

Andheri (East), Mumbai - 400 072, Maharashtra

Phone: +91 22 2858 0200 Fax: +91 22 2858 0398

BASF India limited

Thane-Belapur Road, Turbhe, Plot No. 12, TTC Area,

Navi Mumbai - 400 705, Maharashtra

Phone: +91 22 6712 7600 Fax: +91 22 6712 7628

BASF catalysts India private limited

E-17 & 18 Industrial Estate,

Maraimalainagar - 603 209, Tamil Nadu

Phone: +91 44 2745 4466 / 4489 Fax: +91 44 2745 4490

Styrolution India private limited

Thane-Belapur Road, Turbhe, Plot No.12, TTC Area,

Navi Mumbai - 400 705, Maharashtra

Phone: +91 22 6712 7600 Fax: +91 22 6712 7628

production sites

BASF India limited

Thane-Belapur Road, Turbhe, Plot No.12, TTC Area,

Navi Mumbai - 400 705, Maharashtra

Phone: +91 22 6712 7600 Fax: +91 22 6712 7628

BASF India limited

C-68, MIDC, Thane-Belapur Road, Turbhe,

Navi Mumbai - 400 613, Maharashtra

Phone: +91 22 2761 9992 Fax: +91 22 2761 9242

BASF India limited

Surathkal Bajpe Road, Bala,

Via. Katipalla, Mangalore - 575 030, Karnataka

Phone: +91 824 2237 000 Fax: +91 824 2270 025

BASF India limited

Shed 269B, 3rd Phase, Bommasundra Industrial Area

Anekal Taluka, Bangalore - 560 099, Karnataka

Phone: +91 80 2783 2447 Fax: +91 80 2783 2447

BASF India limited

Unit I, Plot No. 6214/6216, GIDC Phase IV

Ankleshwar - 393 002, Gujarat

Phone: +91 2646 221 890 Fax: +91 2646 250 464

Unit II, Plot No. 8001, GIDC Phase VI

Ankleshwar - 393 002, Gujarat

Phone: +91 2646 617 452 Fax: +91 2646 238 039

BASF India limited

Gate No. 3, Jalan Industrial Complex,

Jangalpur, Howrah - 711 411, West Bengal

Phone: +91 33 3248 7499 Fax: +91 33 2283 4183

BASF India limited

Khasara No. 87/1 Village, Beer Plassis,

Solan District, Nalagarh - 174 101, Himachal Pradesh

Phone: +91 1795 265 335 / 36 Fax: +91 1795 265 334

BASF catalysts India private limited

E-17 & 18 Industrial Estate,

Maraimalainagar - 603 209, Tamil Nadu

Phone: +91 44 2745 4466 / 4489 Fax: +91 44 2745 4490

Styrolution India private limited

Dahej Village, Vaghra Taluka, Bharuch - 392 130, Gujarat

Phone: +91 2641 256 021 Fax: +91 2641 256 022

BASF in India - Report 2010 connect with BASF

Page 38: BASF in India Report 2010

The responsible care® initiative contributes to sustainabilitySustainable development is anchored in BASF’s corporate strategy. For us, environment, health, safety and security are central elements of sustainable business management. Responsible Care combines these in the chemical industry’s initiative and is an important part of BASF’s sustainability management.

For more, see basf.com/sustainability

BASF is supporting the International Year of chemistry with a host of activitiesChildren and young people discovering the world of chemistry in BASF Kids’ Labs. Neighbors and interested visitors learning about BASF at open houses in numerous countries. Exhibits and cooperation with schools and museums to raise interest in chemistry. These are just a few of the many examples of how BASF is supporting and participating as an official sponsor of the United Nations’ International Year of Chemistry 2011.

For more, see basf.com/IYc

Corporate Media Relations Phone: +91 22 6661 8100, Fax: +91 22 6660 3741

Investor Relations Phone: +91 22 6661 8151, Fax: +91 22 2495 0512

Design: Origin Beanstalk Creative Consultants

Photographs: Somsubhro Sarkar and BASF Archives

FurThEr InFormATIon conTAcT

You can download this publication on the Internet at www.basf-india.com

You can also order the report by telephone: +91 22 6661 8120