Core Insights - BASF SE is advancing its Global Business Services transformation by establishing a new centralized hub in India to enhance cost efficiency and operational resilience [1][6] Group 1: Business Strategy - The new hub in India will consolidate key Finance and Human Resources functions while optimizing supply chain activities through the existing center in Kuala Lumpur, Malaysia [2][6] - Services that require proximity to customers will continue to be managed regionally to ensure agility and timely support [2] - The hub model aims to simplify processes, increase automation, and leverage competitive operating costs, supporting BASF's long-term strategic priorities [2][6] Group 2: Operational Footprint - This expansion adds to BASF's existing Global Business Services locations in Berlin, Kuala Lumpur, and Montevideo, employing approximately 8,500 people [3] - The services provided cover various areas, including Finance, Logistics, HR, Communications, Regulatory & IP, and Environment, Health, Safety & Quality [3] Group 3: Market Performance - BASF shares have increased by 19.6% over the past year, contrasting with a 10.9% decline in the industry [3]