"We're pleased to have been recognized for our performance," said Klaus Peter Loebbe, chairman and chief executive officer of BASF Corp., BASF's North American affiliate. "Through our restructuring initiative, we have dramatically improved our financial results, and have over the course of the past several years made great strides in innovation, customer service and sustainable development."

BASF was also ranked as FORTUNE's Most Admired Chemical Company in the world and was rated the top company in Germany across all industries.