BASF is one of the world leaders in the chemical industry.; Manufacturer of Polystyrene, Styrotpor, Tanning Agents, Dispersions Speciality Chemicals, Leather & Auxillary Chemicals, Textile Chemicals, Plastic Chemicals, Protection, Automotive & Hydro Coating Chemicals and Printing Ink., The BASF Group encompasses BASF Aktiengesellschaft with its parent plant in Ludwigshafen as well as 164 wholly-owned subsidiaries and six joint ventures that are at least 50 percent owned by BASF. The financial statements also include 28 affiliated and associated companies whose equity capital is consolidated on a proportional basis in the BASF Group\'s Consolidated Financial Statements.