BASF Provides $1 million in Hurricane Katrina Relief Aid

FLORHAM PARK, N.J. — BASF announced that it will donate $1 million to agencies supporting Hurricane Katrina relief and recovery efforts in the company’s site communities in Louisiana, Mississippi, Alabama, and Texas.

In addition to direct cash donations, the company has established the BASF Katrina Relief Fund with the Baton Rouge Area Foundation to accept employee and retiree contributions during the month of September to aid those affected by Hurricane Katrina, primarily in Ascension Parish, where BASF’s Geismar, La., site is located.

“In keeping with BASF’s tradition of helping the communities surrounding our sites, we will do everything we can to assist people whose lives have been devastated by Hurricane Katrina and its aftermath,” said BASF Corporation Chairman and Chief Executive Officer Klaus Peter Loebbe. “We are still learning the full extent of the devastation. As we hold those who are going through so much pain and suffering in our thoughts and prayers, we are committed to supporting the relief and recovery efforts and help meet the challenges of the days and weeks ahead.”

BASF Corporation’s disaster relief effort will also include the following:

• Establishing a program to provide short-term financial aid for the immediate needs of BASF employees seriously impacted by Hurricane Katrina.
• Allowing employees, at their managers’ discretion, in the affected states to volunteer on company time to help assist those in need.
• Working with several organizations to bring BASF products, technology and expertise to help in the rebuilding efforts.