84R11437 BK-D

By: Bonnen of Brazoria H.R. No. 742

R E S O L U T I O N

WHEREAS, The BASF Corporation, a global leader in chemical production, is marking the 150th anniversary of its founding in 2015; and

WHEREAS, Established in 1865 and based in Ludwigshafen, Germany, BASF develops chemicals, plastics, pesticides, raw materials, and other products for a diverse range of industries around the world; and

WHEREAS, The company has maintained a presence in the United States since 1958, when it opened a manufacturing site in Freeport, Texas; since that time, it has grown to encompass 13 locations throughout the state, including 10 manufacturing facilities and a division headquarters; and

WHEREAS, Texas is the nation's largest chemical producer, and BASF facilities in Texas represent over $6.4 billion in assets, while providing jobs to some 1,300 people; additionally, more than 700 contractors find employment as a direct result of BASF manufacturing in Texas; and

WHEREAS, BASF also serves as a model for good corporate citizenship through its dedication to social and environmental responsibility; the company devotes a sizable portion of its research and development budget to resource conservation and has significantly reduced its waste emissions in recent years; and

WHEREAS, Companies that employ Texans and that contribute to local economies are important components of a prosperous future, and BASF has built a positive reputation among the many outstanding corporate enterprises that do business in the Lone Star State; now, therefore, be it

RESOLVED, That the House of Representatives of the 84th Texas Legislature hereby congratulate the BASF Corporation on its 150th anniversary and extend to the company's management and employees sincere best wishes for continued success; and, be it further

RESOLVED, That an official copy of this resolution be prepared for the company as an expression of high regard by the Texas House of Representatives.