We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » July 9, 2008
Technology News
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
BASF on Innovation Path
July 9, 2008   
Article's tools:
Print

International chemical corporation BASF strives to develop technology to improve the quality of life in many areas. The corporation shares its knowledge with both clients and researchers as well as academia.

"We believe that technological progress is only possible through dialogue among experts from various sectors, organizations and countries. We see ourselves as a leader and inspiration for others," said Michael Hepp, CEO of BASF Polska.

One occasion for such dialogue was a June exhibition in Warsaw entitled BASF Innovation Market where BASF researchers showcased some of the corporation's achievements and inventions. The exhibition was earlier shown in Ludwigshafen, Nottingham, Brussels, Paris, Barcelona, Milan and Copenhagen. Visitors could see multimedia stands featuring BASF technology designed to tackle the problem of rising sea levels and the impact on coastlines, as well as the company's work on fuel cells-billed as the future of energy generation. These inventions are successfully used in the power, medical, construction, textile and automotive industries.

"Innovation and research are an important part of BASF's operations," said Hepp. "We expect that beginning 2010 BASF will regularly generate 4 billion euros in annual sales owing to innovative products-not more than five years old-alone."

BASF is conducting research in 30 European countries. Its researchers are taking part in 1,800 or so research and development programs together with leading universities, research institutes, businesses and partners from various industries. BASF is also participating in 11 research projects financed from European Union coffers. Last year alone BASF invested nearly 1.4 billion euros in research.

B.G.

BASF is a leading international chemical company that manufactures a wide range of products from chemicals to plastics, pesticides, oil and natural gas. The corporation has 95,000 employees and reported sales of 58 billion euros last year. The company's first official representative office opened in Poland in 1990. BASF Polska Sp. z o.o., founded in 1992, is a fully foreign-owned production and sales company based in Warsaw. BASF Polska employs around 200 and the BASF group's 2007 sales in Poland reached zl.1.72 billion.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE