BASF Ranked as America's Most Admired Chemical Company
February 28 2005 - 11:55AM
PR Newswire (US)
BASF Ranked as America's Most Admired Chemical Company FORTUNE
Rating by 'Jury Of Peers' Reflects North American Performance,
Brand, Reputation FLORHAM PARK, N.J., Feb. 28
/PRNewswire-FirstCall/ -- BASF was ranked as the number one
chemical company on FORTUNE magazine's list of America's Most
Admired Companies. The company scored 7.57 on a scale of one to 10
ahead of Dow Chemical (7.35), DuPont (6.98), PPG Industries (6.87)
and Bayer (6.62). To compile its America's Most Admired Companies
rankings, FORTUNE and its survey partner, Hay Group, asked
executives, directors, and securities analysts to rate companies
with the largest revenues in 65 industries. In all, 10,000
executives, directors, and securities analysts rated the companies
on eight attributes, and the average of those scores was used to
compile the industry lists. FORTUNE also publishes a ranking of
Global Most Admired Companies. The eight attributes are 1)
Innovation, 2) People Management, 3) Financial Soundness, 4)
Quality of Management, 5) Use of Corporate Assets, 6) Social
Responsibility, 7) Long-term Investment, and 8) Quality of Products
and Services. "We're pleased to have been recognized for our
performance," said Klaus Peter Loebbe, Chairman and Chief Executive
Officer of BASF Corporation, BASF's North American affiliate.
"Through our restructuring initiative, we have dramatically
improved our financial results, and have over the course of the
past several years made great strides in innovation, customer
service and sustainable development." BASF was ranked fourth among
America's chemical companies the previous year. BASF was also
ranked as FORTUNE's Most Admired Chemical Company in the world and
was rated the top company in Germany across all industries. BASF -
The Chemical Company. We don't make a lot of the products you buy.
We make a lot of the products you buy better.(R) BASF Corporation,
headquartered in New Jersey, is the North American affiliate of
BASF AG, Ludwigshafen, Germany. We employ about 11,000 people in
North America and had sales of approximately $9 billion in 2003.
For more information about BASF's North American operations, or to
sign up to receive news releases by e-mail, visit
http://www.basf.com/usa. BASF is the world's leading chemical
company. Our goal is to grow profitably and further increase the
value of our company. We help our customers to be more successful
through intelligent system solutions and high-quality products.
BASF's portfolio ranges from chemicals, plastics, performance
products, agricultural products and fine chemicals to crude oil and
natural gas. Through new technologies we can tap into additional
market opportunities. We conduct our business in accordance with
the principles of sustainable development. In 2003, BASF had sales
of approximately $42 billion. BASF shares are traded on the stock
exchanges in Frankfurt (BAS), London (BFA), New York (BF), Paris
(BA) and Zurich (AN). Further information on BASF is available on
the Internet at http://www.basf.com/. DATASOURCE: BASF CONTACT:
Jack Maurer of BASF, +1-973-245-6072, Web site:
http://www.basf.com/usa http://www.basf.com/
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