According to Yonhap News,

(SEOUL=Yonhap News)BASF Korea, which in 2002 became the first company in Korea to publish a sustainability report, issued its ninth report on August 13 to introduce its achievements in sustainable management in sectors including management strategy, environment, safety, health and corporate social responsibility in 2013.

In 2013, the total sales of BASF Korea reached KRW 2.741 trillion (a 7.9 percent year-on-year increase) and operating profits reached KRW 136 billion (a 1.5 percent increase).

BASF's Germany headquarters recorded sales of EUR 1.45 billion in the Korean market in 2013.

Last year, BASF Korea completed the construction of a plant in Yeosu that produces ultrason, a high-quality thermoplastic, and began building an engineering plastic compounding plant in Yesan.

The Company established the Asia-Pacific headquarters for its electronic materials business in Seoul and is building an electronic materials research and development center at Sungkyunkwan University.

In 2013, no accidents occurred in any of BASF Korea’s six production facilities and five research centers. The company was also awarded by the Prime Minister for its excellent gender equality culture.

"Last year was a tough year for all companies at home and abroad. Nevertheless, we have managed to achieve strong results. We will continue investing in Korea and promoting a sustainable future,” said BASF Korea Managing Director Shin Woo-sung.

eugenie@yna.co.kr

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