Global Chemical Producer BASF Enters Georgia

TBILISI – A leading chemical products producer company BASF is entering Georgian market. The company management assessed business environment in all countries of the region and chose Georgia to open their first regional office.

The opening ceremony was attended by Georgia’s Prime Minister, Giorgi Kvirikashvili and other governmental officials on Thursday.

The PM thanked the BASF management, especially Senior Vice-president Laurent Tainturier, for establishing the company's regional office in Georgia, which, according to the Kvirikashvili, highlights the progress country has made due to effective government reforms.

Kvirikashvili expressed satisfaction that BASF has taken the advantage of Georgia's strategic location and one of the most attractive business climates in the Eurasian region and has established its representation in Georgia - a hub for business, logistics and transportation.

“Georgia needs investors like you, companies which acknowledge our country's strategic role as a gateway between Europe and Asia, a bridge between east and west and a part of the modern Silk Road,” the PM stated and hoped that the new BASF venture in the region would bring the company even greater success.

BASF, which last year celebrated its 150th anniversary, is the world's leading chemical producing company. It produces chemicals, plastics, performance products and crop protection products to oil and gas.

Last year, BASF posted sales of €70 billion and income from operations before special items of approximately €6.7 billion. 

The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas and Africa.

The world’s leading chemical company combines economic success with environmental protection and social responsibility.

By Thea Morrison