By using our services, you agree to our use of cookies. He began his career w more, BASF breaks ground on MDI capacity expansion project at Geismar site, BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022. BASFs forecast, based on preliminary figures, is considerably below analysts forecast of a EUR4.77 billion profit, the company said. Open a newChase Private ClientChecking account and get a $2000 bonus! This figure represents roughly half of all BASF staff around the world, with the majority working at our headquarters in Ludwigshafen. Cookies help us deliver our services. $ + tax Customer Service. We combine economic success with environmental protection and social responsibility. 7.30 p.m. to Sat. He also pointed to restrictions imposed by the Russian government on the operations of Western countries and external interferences in our joint venture operations.. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. BASF has appointed Dr. Achim Sties to lead the global plastic additives business unit effective January 1, 2023. Global markets live: BASF, United Airlines, Microsoft, Pfizer, Apple.. Deutsche Bank Research rates BASF a 'Buy' - Target 60 euros, BASF investors absorb high loss - dividend probably safe. Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. Distribution and use of this material are governed by Here you can find all addresses and directions to the Ludwigshafen site and surroundings. Investigators have described them as an act of sabotage, but have not said who they think might be responsible. How can we support you? In January, the company entered into an agreement with Eramet to invest in a nickel smelting facility in Indonesia. Read what you need to know about our industry portal chemeurope.com. 38 67056 Ludwigshafen Germany Request information now Profile At BASF, we basf se Animal Nutrition, Europe Chemiestrasse 22 68623 Lampertheim Germany +49-621 60-28073 The German chemicals giant said Tuesday that it expects to book EUR5.4 billion of the total impairment in the fourth quarter of 2022, swinging to a net loss of EUR1.38 billion from a 2021 profit of EUR5.52 billion. Sun. It covers key commercial, geological, and technical attributes of assets and analysis of developments. HS 38 - Chemical products n.e.c. 67056 Ludwigshafen. Every working day, more than 50,000 employees across Germany make their way to work at BASF. GERMANY. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. Undersea explosions damaged Nord Stream 1 in September. Germany, Phone: +49 621 60-0Fax: +49 621 60-42525E-mail: industrial-formulators-eu@basf.com, BTC Europe GmbHRheinpromenade 140789 Monheim am Rhein. /content/basf/www/za/en/who-we-are/sites-and-companies, /content/basf/www/za/en/who-we-are/sites-and-companies/germany. BASF SE, Ludwigshafen, Germany, District Court of Ludwigshafen a.Rhein HRB 6000: Earnings, Revenue, Public funding, Patents, Network, Financial information After the creation of the dossier is completed, it will be sent to your email address . 38 As the world's leading chemical company, we combine economic success with environmental protection and social responsibility. Germany. The headquarters of this business will be in Singapore. Follow AP's coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine, Copyright 2023 The Associated Press. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Current research projects and examples of innovation for vario more. It carries out the production, marketing and sales of chemicals, plastics, crop protection products, and performance products. Ask for information. All Rights Reserved. Germanys BASF to Post 2022 Loss on $7.90 Billion Impairment - WSJ Venture Capital More Business Video Journal Report Business Podcast Space & Science Tech Sections (SPACs), Transportation, Infrastructure & Logistics. Great that you want to get in touch with us! BASF SE (Ludwigshafen, Germany) has announced an investment in the capacity expansion of polymer dispersions at its production site in Merak, Indonesia. IT Client Prospector provides intelligence on BASF SEs likely spend across technology areas enabling you to understand the digital strategy. He began his career w > more, BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022. Visitor Center HS 39 - Plastics and articles thereof. It said that is expected to push it to a full-year net loss of nearly 1.38 billion euros, compared with a profit of more than 5.5 billion euros in 2021. In September 1913, the first industrial-scale ammonia production plant came on stream at BASF in Ludwigshafen. BASF is headquartered in Ludwigshafen, Germany. Therefore, you can remember a maximum of 5 contents. The company operates through a network of manufacturing facilities across the world. Russian TV Touts a Big Victory in Ukraine. Z078 - 0206 Ludwigshafen, Germany sascha.vukojevic@basf.com View all 1,352 bills of lading and manifests for BASF Se located in Rhineland-Palatinate, Germany filed between Apr 4th, 2019 and Dec 13th, 2022. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Historical foundations of a modern company: The following outline highlights 150 years of BASF corporate history. This copy is for your personal, non-commercial use only. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Access more premium companies when you subscribe to Explorer, Contact the team or request a demo to find out how our data can drive your business forward, Access in-depth analysis, premium industry data, predictive signals, and more on, Transportation, Infrastructure and Logistics, Top 10 Chemical Companies in the World in 2021 by Revenue, Top 10 European Automotive Suppliers in 2021 by Revenue, Top 10 Automotive Suppliers in the World in 2021 by Revenue, Top 10 Agricultural Products Companies in the World in 2021 by Revenue, Carl-Bosch-Str. United States. USA, E-mail: industrial-formulators-na@basf.com, BASF S.A.Avenida das Nacoes Unidas14.171, Morumbi, So Paulo SP. Sign up to Stock Advisor for $79 for 1 year, All Jeans + Pants 25% off! Last Name. Get up to 60% off TVs, laptops and more, Macy's coupon - Sign up to get 25% off next order. Germany, Phone: +49 2173 33 47-0Fax: +49 2173 33 47-211www.btc-europe.com, BASF East AsiaRegional Headquarters Ltd.45/F Jardine House1 Connaught PlaceCentral Hong Kong. Sign Up For KORSVIP + Get 10% Off your first purchase w/ Michael Kors Promo Code, Today's JCPenney coupon code - 30% off entire purchase, Get 20% off with online Target promo code, Get Free delivery when you sign up for emails - TJ Maxx Code, 4-Day Sale starts now! We will be in touch soon. The Haber-Bosch process for ammonia synthesis, which was first successfully operated at BASF Ludwigshafen in September 1913, was the decisive step into the age of mineral fertilize more, BASF-YPC Company Limited is a large scale petrochemical 50:50 joint venture between BASF and Sinopec. Wintershall Dea has a 15.5% stake in the operator of the Nord Stream 1 pipeline that runs under the Baltic Sea, which is majority-owned by Russias Gazprom. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BERLIN (AP) Germany -based chemicals maker BASF says it is taking some 7.3 billion euros ( $7.9 billion) in write-downs related to the exit from Russia of its Wintershall Dea HQ. Request Profile Update Download Data 2 Recorded Transactions Home Profiles Company Europe BASF SE -. BERLINGermanys chemicals giant BASF SE said it would take a roughly 7.3-billion-euro hit, equivalent to about $7.9 billion, from the exit of its energy unit from Russia and 38, Ludwigshafen Am Rhein, 67056 Website www.basf.com Telephone 49 621 600 No of 2008-2023 Sovereign Wealth Fund Institute. 4 a.m. Find out how LUMITOS supports you with online marketing. 141 Englehard Rd. BASF said that the Russian participations of Wintershall Dea have been re-evaluated and write-downs on the European gas transportation business have been made, including a complete write-down on the participation in Nord Stream AG.. Access comprehensive information on global active, upcoming , decommissioned, and cancelled petrochemical complexes/plants. BTC Europe GmbH You may cancel your subscription at anytime by calling Germany's BASF SE expects to post a net loss for 2022 after booking impairments worth 7.3 billion euros ($7.90 billion) from the deconsolidation of Russian exploration and Read more. You will be notified in advance of any changes in rate or terms. He also pointed to restrictions imposed by the Russian government on the operations of Western countries and external interferences in our joint venture operations.. All rights reserved. Improve competitive bidding with insight into all publicly disclosed IT software contracts by IT solutions areas for BASF SE (including Enterprise applications, IT Security, Information Management, Cloud Computing, IoT and more). Have you found what you were looking for? All material subject to strictly enforced copyright laws. More than 30 Group companies belongs to the BASF SE located in Ludwigshafen. The company serves a wide range of industries including construction, furniture and wood, agriculture, electronics and electrical, paints and coatings, automotive, home care, nutrition, chemicals and others. 67056 Ludwigshafen. Elastogranstrae 60. United States. Greta Thunberg Released After German Police Detained Her at Coal Mine Protest, A Crypto Magnate Saw the Risks and Still Was Hammered, Surveillance Program on Money Transfers Raises Privacy Concerns, Opinion: Water Is a Terrible Thing for California to Waste, Opinion: Biden Gives a Boost to Schoolyard Bullies, Opinion: Big News About a Smaller Chinese Population, Opinion: The Government Debt Threat Keeps Mounting. Sovereign Investor Leadership Conference March 2023, Carl-Bosch-Strasse 38, Ludwigshafen, 67056, Germany. For non-personal use or to order multiple copies, please contact Undersea explosions damaged Nord Stream 1 in September. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. Our product portfolio for construction chemicals consists of superplasticizers, dispersants, plasticizers, rheology modifying agents, stabilizers, defoamers and ai more. Already a member? Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. The unit's CEO, Mario Mehren, said in a statement that continuing to operate in Russia is not tenable., Russias war of aggression in Ukraine is incompatible with our values and has destroyed cooperation between Russia and Europe, he added. Here you can find detailed information about our products and solutions. Data by Location. North American Morning Briefing: More Earnings, Retail S.. BASF says stands by goal to take Wintershall Dea public, Basf: ipo of wintershall dea is hardly feasible under current ci, BASF SE : Receives a Buy rating from Deutsche Bank, BASF SE : Gets a Buy rating from Baader Bank. SWFI is a minority-owned organization. Researchers worldwide are working on innovative solutions to tap alternative raw material sources and to develop climate-friendly production processes and products. Contact. Carl-Bosch-Strae 38. Access comprehensive data and analysis of global upstream assets. Access key information on FPSOs/FSO vessels globally. On the Ground, Its More Complicated. You will be charged Global markets live: BASF, United Airlines, Microsoft, Pfizer, Apple Europe's Cooling Inflation Heats Up Trading In DAX On Wednesday Midday, Study: Only a few German stocks create high value for investors. It has presence in Europe, Asia Pacific, South America, Africa, the Middle East and North America. BASF generated sales of 78.6 billion in 2021. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Job cuts at Microsoft, Bad Buzz for Tesla: MarketSc.. North American Morning Briefing: More Earnings, -2-. BERLIN (AP) Germany-based chemicals maker BASF says it is taking some 7.3 billion euros ($7.9 billion) in write-downs related to the exit from Russia of its Wintershall Dea gas and oil subsidiary. The headquarters of this business will be in Singapore. First Name. BASF SE, Ludwigshafen, Germany, District Court of Ludwigshafen a.Rhein HRB 6000: Earnings, Revenue, Public funding, Patents, Network, Financial information After the Fax Information available as an option. Live from New York and Hong Kong, BASF SE Chemicals and Fertilizers / Corporate Finance / Global / Europe / Germany EU Issued, UK Endorsed; Solicited by or on behalf of the issuer (sell side) ESG RELEVANCE Contents 00 Back to Top 01 Ratings 02 Rating Actions 03 04 Sector Outlooks 05 Securities and Obligations 06 Fitch Adjusted Financials 07 Disclosures 08 Identifiers 09 Criteria Germany's BASF SE expects to post a net loss for 2022 after booking impairments worth 7.3 billion euros ($7.90 billion) from the deconsolidation of Russian exploration and production activities after Moscow's invasion of Ukraine. From start-ups to market leaders, uncover what they do andhow they do it. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. BERLIN (AP) Germany-based chemicals maker BASF says it is taking some 7.3 billion euros ($7.9 billion) in write-downs related to the exit from Russia of its Wintershall Dea gas and oil subsidiary. Germany-based chemicals maker BASF says it is taking some 7.3 billion euros ($7.9 billion) in write-downs related to the exit from Russia of its Wintershall Dea gas and oil subsidiary. Its product line comprises solvents, adhesives, surfactant, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. All steps are explained in this flyer you can download here. 1997-2023 LUMITOS AG, All rights reserved. Continue reading your article witha WSJ membership, Already a member? We are delighted that you'd like to resume your subscription. Learn more. Attapulgus. Phone: +49 621 60-0 Fax: +49 621 60-42525 E-mail: industrial-formulators-eu@basf.com. Sascha Vukojevic Dr. Kurzwahl (BCN): 8-1-40068 Telefon: +49 621 60-40068 Mobiltelefon: +49 176 11749719 BASF SE G-CCP/KE Regional Sales Management EMEA,Chem.Cat. Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations
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