PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: BASF

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

BASF to Concentrate Plant Biotechnology Activities on Main Markets in North and South America - BASF announced today that it is concentrating its plant biotechnology activities on the main markets in North and South America - BASF.com
BASF to Concentrate Plant Biotechnology Activities on Main Markets in North and South America

 

NewswireToday - /newswire/ - Ludwigshafen, Germany, 2012/01/16 - BASF announced today that it is concentrating its plant biotechnology activities on the main markets in North and South America - BASF.com. DE000BASF111

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• BASF Plant Science headquarters to move to Raleigh, North Carolina;
• Research activities in North America, Ghent and Berlin to be strengthened.

The company will adjust the portfolio and site footprint of its subsidiary BASF Plant Science to reflect this change. The headquarters of BASF Plant Science will be moved from Limburgerhof, Germany, to Raleigh, North Carolina. Research and development activities will be concentrated mainly in Raleigh, Ghent, Belgium and Berlin, Germany. Development and commercialization of all products targeted solely at cultivation in the European market will be halted. Regulatory approval processes which have already started will be continued.

“We are convinced that plant biotechnology is a key technology for the 21st century. However, there is still a lack of acceptance for this technology in many parts of Europe – from the majority of consumers, farmers and politicians. Therefore, it does not make business sense to continue investing in products exclusively for cultivation in this market,” said Dr. Stefan Marcinowski, member of the Board of Executive Directors of BASF, responsible for plant biotechnology. “We will therefore concentrate on the attractive markets for plant biotechnology in North and South America and the growth markets in Asia.”

New site footprint
Research Triangle Park near Raleigh, North Carolina, will become the new headquarters for BASF’s activities in the area of plant biotechnology. It is planned that the current headquarters site in Limburgerhof, Germany, will retain 11 positions in some functions such as regulatory for Europe. The activities of BASF's Crop Protection division in Limburgerhof are not affected.

Currently 157 employees work for BASF Plant Science in Limburgerhof. The company plans to close its sites in Gatersleben, Germany, and in Svalöv, Sweden. Currently 57 people work in Gatersleben and six in Sweden. In total, it is planned to transfer 123 positions from Limburgerhof and Gatersleben to other BASF Plant Science sites, mainly Raleigh, and to reduce 78 positions over the next two years. Overall, this means that BASF is reducing 140 positions in Europe. BASF aims to offer the affected employees other positions within the BASF Group wherever possible. Consultations with the responsible employee representatives will start immediately. “Our employees have done excellent work over the past years. We regret that we are losing these high-quality jobs in Germany and Sweden,” said Marcinowski.

The company’s research facilities at metanomics in Berlin and CropDesign in Ghent will be strengthened. “Although the conditions for cultivation of genetically modified crops in Europe are unfavorable, there are world-class research institutes and universities in both Berlin and Ghent,” explained Dr. Peter Eckes, President of BASF Plant Science. “We have excellent scientists and facilities there and at our research sites in North America. We will continue our industry-leading research at these locations in order to further build an attractive gene discovery platform and strengthen our position as the Trait Technology Partner.”

Attractive product pipeline and promising partnerships
BASF Plant Science will halt the development and commercialization of all products that are targeted solely for cultivation in the European markets. These include genetically modified starch potatoes (Amflora, Amadea and Modena), a potato resistant to the disease late blight called Fortuna as well as a late blight resistant starch potato and a wheat variety resistant to fungal disease. To maintain all options for the potato products, BASF Plant Science will continue the regulatory approval processes for the products already started.

BASF Plant Science’s product pipeline will continue its strong focus on the yield and stress projects in which crops are developed with higher yields and improved resistance to stress conditions like drought. This includes the collaboration with Monsanto for corn, soy, cotton, canola and wheat. At the end of 2011, the first product from this partnership, drought-tolerant corn, was approved for cultivation in the United States. Cultivance® soybeans, developed together with Embrapa, were approved for cultivation in Brazil at the end of 2009, and the approval process for key export markets is ongoing.

About BASF Plant Science
BASF Plant Science – a BASF group company – is one of the world’s leading companies providing innovative plant biotechnology solutions for agriculture. Today, about 840 employees are helping farmers meet the growing demand for improved agricultural productivity and healthier nutrition for humans and animals. BASF Plant Science has developed an unparalleled gene discovery platform focusing on yield and quality traits in crops such as corn, soybean and rice. Jointly with leading partners in the seed industry BASF Plant Science is commercializing its products. Current projects include higher yielding row crops, nutritionally-enhanced corn for animal feed or higher content of Omega-3’s in oil crops for preventing cardiovascular diseases.

About BASF
BASF (basf.com) 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, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF posted sales of about €63.9 billion in 2010 and had approximately 109,000 employees as of the end of 2010. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

Contact:
Julia Meder, BASF Plant Science
P: +49 621 60-28878 / F: +49 621 60-20384 - E: julia.meder[.]basf.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: BASF

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


BASF to Concentrate Plant Biotechnology Activities on Main Markets in North and South America

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

BASF Newsroom |
Publisher Contact: Jennifer Moore-Braun - BASF.com 
+49 621 60-99123 jennifer.moore-braun[.]basf.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BASF securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From BASF / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

BASF Launches Ucrete MF40AS Industrial Flooring System on the European Market
Raritan Unveils Intelligent Cabinet Concept in Collaboration with Legrand Data Communications At Gartner Conference
Beretta Continues Global Celebration of its 490th Anniversary with Unveiling of One-of-a-Kind Shotgun in New York City
LANXESS Virkon S Proven to Kill Highly Pathogenic Avian Influenza Strains
BASF to Offer Tailor-made Product Innovation At European Coatings Show
Nexans to Drive Sustainable Transportation At its Annual Technical Conference
Tripp Lite Introduces A New Series of Pre-assembled 40 Gb to 10 Gb Breakout Fiber Patch Panels
Borealis and Asmidal Sign Memorandum of Understanding to Jointly Evaluate Opportunities for Melamine Production in Algeria
SCHOTT’s New Ultra-Thin Glass is the Thinnest, Toughest, Most Eco-Friendly Glass for Consumer Electronics
Hexagon Manufacturing Intelligence Supplies PTB with Leitz PMM-G
Atlas Copco Completes Acquisition of Chinese Self-pierce Riveting Solutions Business
SCHOTT Introduces Superior X-ray Imaging with SCHOTT’s Fiber Optic Faceplates and BOROFLOAT® Glass
PPG Wins Big At 2016 SEMA Show PPG-painted Cars, Trucks Capture Major Awards
Tripp Lite’s Breakthrough 3-Phase Rack ATS PDUs Granted U.S. Patent
Nexans Launches PVC-free MOTIONLINE® HALEX Automation Cables

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)