Hints and tips:
...BASF’s decision could risk harming its business in China — the world’s biggest market for chemicals....
...BASF has appointed Markus Kamieth to take over as CEO, an executive closely associated with the world’s largest chemical group’s expansion plans in China....
...BASF has appointed Markus Kamieth to take over as chief executive, picking a candidate closely associated with the world’s largest chemical group’s Chinese expansion plans....
...The world’s biggest chemical group, BASF, for example, has announced permanent cost cuts at its Ludwigshafen headquarters because of high energy prices....
...The findings reflect the concerns cited by German chemical giant BASF when it chose China as the location for €10bn of state of the art petrochemicals plants it is currently building....
...Several German companies have outlined plans to cut jobs in recent weeks, including the country’s biggest lender Deutsche Bank and chemicals producers BASF and Lanxess....
...The chemical and pharmaceutical sector, which includes companies such as BASF and Bayer, uses 27 per cent of Germany’s natural gas supply....
...BASF, the world’s biggest chemicals company, chose to build a new €10bn petrochemicals plant in China while downsizing its sprawling headquarters on the banks of the Rhine in Ludwigshafen....
...Another company paying a lot more for energy these days is BASF, the world’s biggest chemicals group, which is a 40-minute drive away from Donnersbergkreis in Ludwigshafen, on the Rhine....
...BASF, the country’s leading chemicals company, chose to build a new €10bn petrochemicals plant in China and it is downsizing its sprawling headquarters on the banks of the Rhine in Ludwigshafen....
...“Chinese people are not so happy and confident with their own government,” commented Martin Brudermüller, boss of chemicals group BASF, one of the largest foreign investors in China....
...German chemicals giant BASF paid €300mn in 2021 for a 49.5 per cent stake in Vattenfall’s Hollandse Kust Zuid project on the Dutch side of the North Sea and helped finance its construction, avoiding the...
...The Swiss speciality chemicals group was selling the assets to mollify CMA concerns stemming from its SFr5.5bn ($6.1bn) acquisition of MBCC Group, a supplier of construction chemicals, in November 2021....
...Several big German companies with considerable businesses in China reported significant declines in first-quarter sales in the country, including chemicals group BASF, the country’s leading carmaker Volkswagen...
...BASF first responded to the soaring price of gas by shutting down its ammonia plant and reducing the run rate of its acetylene facility, hobbling production of two chemical building blocks used to make a...
...The German chemicals giant BASF this month opened a recycled battery material production and recycling facility in Schwarzheide, around 50km from Cottbus....
...And imports of German machinery, components and chemicals helped fuel China’s booming manufacturing and construction sectors. As a result, Germany’s footprint in the Chinese market continued to grow....
...The lender pointed to BASF, the world’s largest chemicals company by revenue, which has said that the group’s vast production site in Ludwigshafen would have to be shut down should gas supplies fall below...
...BASF, the German chemicals maker, said last week that it planned to downsize “permanently” in Europe as it opened a new plant in China....
...[German chemicals group BASF is a case in point.] But this has to be seen against the background of overall growth in factory output in almost every European country, as I documented last week....
...giant BASF....
...The Swiss speciality chemicals group is buying the construction chemicals business from Lone Star....
...BASF, the world’s biggest chemicals group, warned of renewed price increases on Friday after its natural gas costs alone rose by €1.5bn last year....
...TSMC is building in the US and Japan, Intel plans to expand in Europe and south-east Asia, and Samsung has construction plans in the US....
...After campaigning against a contentious merger in 2015 of Samsung’s construction and chemicals subsidiaries, Elliott Management was berated in the press as a “parasite”....
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