NEWS

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NEWS

New BASF fungicide for specialty crops

Mount Olive, New Jersey
September 24,  2001

BASF Agricultural Products division has developed a new fungicide with a unique mode of action for a wide variety of crops. This new active ingredient targets the specialty crop markets like
grapes, fruits, vegetables and turf, but also oilseed rape and other field crops. The fungicide will be marketed worldwide, with the main regions being Europe and the US. First registrations are expected for the season 2002/03.

BASF expects sales in Agricultural Products of euro 3.6 billion in 2001 and is one of the world leaders in crop protection. With this new active, BASF confirms its competence in the specialty crops segment, which is important to agriculture.

"We saw a lot of innovations in the cereal fungicide market over the last years, whereas the choice of efficient compounds in the fruit and vegetable market was limited," says Michael Ceranski, Head of BASF's Global Marketing Fungicides. "This new active ingredient together with other BASF-owned actives will create a product family with an extremely broad use spectrum. With these products, farmers will be able to protect a large variety of different crops from diseases worldwide."

With the innovative properties of the new active ingredient BASF will offer new and attractive solutions to their customers and further strengthen their position in the fungicide market.

BASF is a transnational chemical company that aims to increase and sustain its corporate value through growth and innovation. The company's product range includes high-value chemicals, plastics, colorants and pigments, dispersions, automotive and industrial coatings, agricultural products and fine chemicals as well as crude oil and natural gas. BASF's approach to integration, known in German as "Verbund," is one of its particular strengths, ensuring cost leadership and a unique competitive advantage. With sales in 2000 of about Euro 36 billion (circa USD 34 billion) and a workforce of 103,000 employees, BASF is one of the world's leading chemical companies. BASF acts in accordance with the principles of Sustainable Development. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and New York (BF). The company's Internet address is http://www.basf.com.

Company news release
N3825

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