BASF to expand R&D site in Beachwood, Ohio

FLORHAM PARK, NJ, October 1, 2013 -- BASF announced today it is investing $25 million in renovating and expanding its research and development (R&D) facility in Beachwood, Ohio. In addition to the existing catalyst and battery materials research, the facility is being renovated to make space for a new cathode materials research team and a team of researchers focused on chemical and process engineering. Construction is underway and completion is expected in early 2014. The number of personnel at the site will nearly double to more than 90 employees by 2015. Approximately 50 employees currently work at the site. “Expansion of the Beachwood facility will allow us to optimize our research activities by bringing together a high degree of expertise in chemical catalysis, battery materials and process engineering in a greatly enhanced, and highly collaborative operating environment,” said Peter Pfab, BASF Vice President, Catalysis Research, who is based at the site. The Beachwood site has been a hub of catalysis research for more than 35 years. The existing battery materials research team was established in 2009 to focus on advanced materials for lithium-ion batteries in advance of the opening in 2012 of a new materials production facility in nearby Elyria, Ohio. “Our investment in Beachwood will allow us to focus on developing new battery materials that can provide higher energy density, greater power, increased safety and lower cost,” said Andreas Fischer, BASF Vice President, Battery Research and Electrochemistry. “These are the key areas in which the chemical industry can play a significant role in determining the future performance of batteries for electromobility, helping drive higher adoption rates for hybrid and full electric vehicles in North America and around the world.” BASF is focused on developing a full suite of advanced cathode and electrolyte solutions for current and next generation lithium-ion batteries as well as for future battery systems. With Beachwood in North America, Ludwigshafen in Europe, and Amagasaki in Japan, the company will have R&D facilities in all three markets that support customers’ individual requirements. Additional information is available at www.catalysts.basf.com/batterymaterials. The State of Ohio – through its JobsOhio effort – provided BASF with a $1 million JobsOhio R&D investment loan and a $50,000 JobsOhio Workforce Grant. The regional headquarters for BASF’s construction chemicals business is also in Beachwood. Other BASF facilities in Ohio are in Cincinnati, Elyria, Greenville, Independence, Streetsboro and Whitehouse. The company has more than 1,000 employees in the state. BASF - The Chemical Company BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 16,600 employees in North America, and had sales of $18.5 billion in 2012. For more information about BASF’s North American operations, visit www.basf.us. 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 with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of €72.1 billion in 2012 and more than 110,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.