BASF Strengthens Business Services Through Global Hub Setup

BASF SE BASFY is advancing the next phase of its Global Business Services transformation by setting up a new centralized hub in India, aimed at improving cost efficiency, strengthening operational resilience and delivering more consistent support services across its worldwide businesses. 

Under the strategy, key Finance and Human Resources functions will be consolidated at the new India hub, while supply chain activities will be optimized through BASF’s existing center in Kuala Lumpur, Malaysia. Meanwhile, services that depend on proximity to customers or local operations will remain regionally managed to ensure agility and timely support. 

Management noted that the hub model will help simplify processes, increase automation and leverage competitive operating costs, enabling a more flexible and scalable service platform that supports BASF’s long-term strategic priorities. 

This expansion complements BASF’s existing Global Business Services footprint in Berlin, Kuala Lumpur and Montevideo. Global Business Services employs roughly 8,500 people and provides services across areas, including Finance, Logistics, HR, Communications, Regulatory & IP, and Environment, Health, Safety & Quality. 

Shares of BASFY are up 19.6% over the past year against the industry’s fall of 10.9% 

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BASFY’s Zacks Rank & Key Picks

BASFY carries a Zacks Rank of #4 (Sell).

Better-ranked stocks in the Basic Materials space include Albemarle Corporation ALB, Air Products and Chemicals, Inc. APD and Methanex Corporation MEOH. ALB sports a Zacks Rank of #1 (Strong Buy), while APD and MEOH carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for ALB’s current-year loss is pegged at 70 cents per share, indicating a 70.1% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average earnings surprise of 35.3%. 

The Zacks Consensus Estimate for APD’s current fiscal-year earnings stands at $13.01 per share, reflecting a 8.15% year-over-year increase. Its earnings beat the Zacks Consensus Estimates in two of the trailing four quarters and missed twice, with the average earnings surprise of 0.44%. 

The Zacks Consensus Estimate for MEOH’s current fiscal-year earnings is pegged at $3.17 per share, indicating a 15% year-over-year decline. Its earnings beat the Zacks Consensus Estimates in three of the trailing four quarters and missed once, with the average earnings surprise of 17.4%. 

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This article originally published on Zacks Investment Research (zacks.com).

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