BASF plans to establish the global headquarters of its Dispersions & Pigments division in Hong Kong. As of January 1, 2012, the division head and about 50 global positions, currently located in Ludwigshafen and Basel, will transition to Hong Kong. Transfer of positions will be realized over a period of about twelve months. Asia is already the largest market for our division today. We want to further participate in the dynamic growth in that region and beyond. To this end, we want to change the perspective from which we view our customer industries. By forming a global team at an international location we will also further increase attractiveness of BASF as a global employer, said Dr. Markus Kramer, President of BASF's Dispersions & Pigments division. All employees affected by the transition, who will not move to Hong Kong, will be offered other positions within BASF.
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