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  • Friday, 23 February, 2024
    BASF extends cost cuts by €1bn as demand for chemicals falls

    Chemicals maker intensifies downsizing at home site as it battles high energy prices and sinking demand

    The BASF plant at Ludwigshafen
  • Friday, 16 February, 2024
    Inside BusinessPatricia Nilsson
    The German business dilemma in China

    VW and BASF show the difficulty of straddling the growing rift between values of investors and Beijing’s policies

    The Volkswagen logo
  • Friday, 9 February, 2024
    BASF to sell holdings in two Xinjiang chemical plants

    German group’s move follows media reports in home country alleging human rights abuses by staff of local partner in China

    Chemical giant BASF’s headquarters at  Ludwigshafen in Germany
  • Friday, 19 January, 2024
    LexChemicals
    German chemicals sector suffers from weak Chinese demand Premium content

    With European production in the balance, BASF is preparing for a smaller domestic industry

    Chemical tanks at a BASF plant in Ludwigshafen, Germany
  • Friday, 19 January, 2024
    BASF earnings fall on higher costs and slowing demand

    World’s biggest chemicals group misses forecasts as high energy prices drag sales and profits

    BASF logo on plant near Basel
  • Wednesday, 20 December, 2023
    BASF names China head Markus Kamieth as chief executive

    German chemicals group has been grappling with high costs, low demand and falling earnings, especially in Europe

    Markus Kamieth
  • Tuesday, 31 October, 2023
    BASF slashes investment budget on lower demand

    World’s biggest chemicals group says it has ‘more projects than money’ amid ‘stress’ in sector

    BASF signage on flags
  • Tuesday, 22 August, 2023
    Oil & Gas industry
    BASF signs long-term LNG deal with Cheniere of the US

    German companies are rushing to ink agreements with American exporters after the country abandoned Russian gas

    Cheniere Sabine Pass gas liquefaction facility in Cameron, Louisiana, US
  • Thursday, 20 July, 2023
    BASF China executive leads race for top job after rival’s sudden departure

    Markus Kamieth has been closely associated with plan to build a €10bn plant in Guangdong

    Chemical tanks stand at the BASF plant in Ludwigshafen, Germany
  • Thursday, 4 May, 2023
    Mercedes-Benz AG
    Mercedes-Benz puts forward China pragmatist to chair supervisory board

    Carmaker set to appoint BASF chief Martin Brudermüller who last year warned against ‘China bashing’

    Visitors view Mercedes-Benz vehicles at an auto show in Shanghai
  • Thursday, 2 March, 2023
    Chemicals
    Energy crisis prompts further warnings by German chemical groups

    Evonik and Covestro, which together employ more than 50,000 people, have both said profits will fall

    An employee checks temperatures at a hot oil pump at the Covestro AG chemical park in Dormagen, Germany
  • Friday, 24 February, 2023
    BASF outlines further cost-cutting and 2,600 job losses as it downsizes in Germany

    World’s biggest chemicals group says it will wind down several plants

    BASF’s German manufacturing base in Ludwigshafen
  • Wednesday, 18 January, 2023
    LexOil & Gas industry
    BASF/Russia: ending Faustian pact creates recurring costs for Germany Premium content

    Chemical juggernaut’s writedown of stake in Wintershall DEA heralds a bleaker energy landscape

  • Tuesday, 6 December, 2022
    The Big Read
    Germany confronts a broken business model

    Can the country’s industrial economy reinvent itself for an era without cheap gas from Russia?

    Aerial view of the enormous BASF headquarters in Ludwigshafen
  • Thursday, 3 November, 2022
    Inside BusinessPeggy Hollinger
    China-bashing will get Europe nowhere

    The bloc needs to create an environment that will enable its companies to outcompete global rivals

    German chancellor Olaf Scholz, left, and BASF chief Martin Brudermüller at the chemical group’s facility in Schwarzheide, Germany, on Tuesday
  • Wednesday, 26 October, 2022
    BASF’s transatlantic divide

    The world’s biggest chemical producer has good news and bad news

  • Wednesday, 26 October, 2022
    BASF to downsize ‘permanently’ in Europe

    World’s biggest chemicals company says high energy costs make region increasingly uncompetitive

    Cargo barges sail past the BASF chemical plant on the River Rhine in Ludwigshafen, Germany
  • Wednesday, 12 October, 2022
    BASF to cut €1bn in costs as energy crisis burns hole in profits

    German chemicals group is the latest company to lay out blow to trading from European market storm

    A BASF chemicals plant in Germany
  • Wednesday, 10 August, 2022
    LexGerman economy
    Rhine/drought: low water levels will parch the German economy Premium content
  • Wednesday, 27 April, 2022
    BASF to wind down in Russia and Belarus

    World’s biggest chemicals company sets July deadline for closure of remaining businesses in two countries

    A compressor station for the European Gas Pipeline Link, a downstream pipeline for Nord Stream, Germany
  • Monday, 31 January, 2022
    Lex
    Wintershall Dea/BASF: Russian gas IPO offers little spark Premium content

    Mikhail Fridman’s fund wants to block listing of German group’s private energy company

    Worker inspects pipes at a natural gas facility in Russia
  • Monday, 31 January, 2022
    LetterOne Holdings SA
    Mikhail Fridman’s LetterOne to block BASF over Wintershall IPO

    Investment group says float of $20bn company not desirable in short-term

    Mikhail Fridman
  • Thursday, 2 December, 2021
    Chemicals
    Europe’s chemicals industry warns on threat from EU plans

    BASF chief says policymakers must work more closely with industry on regulations of 12,000 substances

  • Thursday, 11 November, 2021
    LexChemicals
    Sika/MBCC: speciality chemicals groups are sticking together Premium content

    The deal machine may be reaching its limit

    A Sika facility in England
  • Tuesday, 8 June, 2021
    Renewable energy
    Europe risks falling behind China and US in renewables, warn industry chiefs

    Leaders of BASF and Siemens Gamesa call for shake-up of energy planning rules

    BASF’s plant in the German city of Ludwigshafen
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