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BASF

BASF

Industry: 
Chemicals
Value of USG Contracts: 
27
Symbol: 
FWB:BAS
States: 
IL
NJ
NY
Country: 
Germany
Contact Information: 
Sources: 

According to its own reporting as of 2013, BASF maintained two wholly-owned subsidiaries in Iran, BASF Iran (PJS) Company and BASF Polyurethanes Pars (PJS) Company. (BASF Website, “BASF Report 2013: BASF Group List of Shares Held 2013 pursuant to Section 313(2) of the German Commercial Code”) 

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Burkhard Weimer, Managing Director at BASF Polyurethanes Pars, is listed as a member of the Board of Directors of the German-Iran Chamber of Commerce. (Deutsche-Iranische Industrie-unde-Handelskammer, “Board of AHK Iran”; LinkedIn, “Burkhard Wiemer: Managing Director at BASF Polyurethanes Pars,” accessed 4/22/14)

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"Islamic Republic of Iran Ambassador to Berlin Ali-Reza Sheikh-Attar said here Thursday despite the unjustly imposed western sanctions the economic relations of Iran and Germany have grown well on a continuous process... Several renowned German companies are involved in major Iranian infrastructure projects, especially in the petrochemical sector, like Linde, BASF, Lurgi, Krupp, Siemens, ZF Friedrichshafen, Mercedes, Volkswagen and MAN." (Zawya, "Envoy: Iran-Germany Economic Ties Growing Well Despite Sanctions," 7/11/2013)

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"BASF first started doing business in Iran in 1959, a spokesman for the company said.  He said the company continues to operate in the country  and that it monitors its business activities in Iran to assure compliance with all legal requirements and trade regulations. The company also has sold chemical products to the United States military." The company has received $12.7 million in revenue and benefits from the US government for their investments in Iran during 2000-2009.  The company's business in Iran is currently active. (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

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"Germany's trade ties to Iran stretch back to the Middle Ages, and many of the companies currently there have been active in Iran for decades. Some 85 German companies have operations in Iran, from chemical maker BASF AG to Deutsche Lufthansa AG and Bayer AG, and others such as Linde AG and Mercedes-Benz parent Daimler AG are active there, according to the Hamburg-based German-Iranian Chamber of Commerce. More than 7,000 companies conduct business there through local representatives. Germany has become such a big trading partner for Iran because so many of its companies provide the machinery and engineering prowess Iran needs to improve its infrastructure." (The Wall Street Journal, "German Firms Feel Pressure Over Tehran Trade," 10/3/09)

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"Several renowned German companies are involved in major Iranian infrastructure projects, especially in the petrochemical sector, like Linde, BASF, Lurgi, Krupp, Siemens, ZF Friedrichshafen, Mercedes, Volkswagen and MAN." (Payvand Iran News, "Iranian exports to Germany rose 50% last year," 12/8/08)

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Listed by U.S. Government as doing business in Iran. (U.S. Securities and Exchange Commission, List of Companies Doing Business With State Sponsors Of Terror, Removed from the Internet in July 2007)

Response: 

No response at this time.

Chemicals conglomerate that has done business in Iran since 1959, and continues to do business with both Iran and the U.S. Military.  BASF received $12.7 million in federal contracts and grants from the U.S. government from 2000-2010.  Maintains a subsidiary in Tehran, BASF Iran AG, and lists a joint Iranian venture, Iranian BASF Construction Chemicals Private Joint.