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BASF To Close Two Glufosinate-Ammonium Production Facilities By 2022
BASF Says Site In Muskegon, Michigan And Production Facility In Knapsack Will Be Closed Until 2022
BASF Q3 Sales Fell At EUR 13.81 Bln
BASF SE is a Germany-based chemical company. The Company operates through six segments, which include Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. The Chemicals segment consists of the Petrochemicals and Intermediates divisions. The Materials segment consists of Performance Materials and Monomers divisions. The Industrial Solutions segment consists of Dispersions & Pigments and Performance Chemicals divisions. The Surface Technologies segment consists of Catalysts and Coatings divisions. The Nutrition & Care segment consists of Care Chemicals and Nutrition & Health divisions. The Agricultural Solutions segment consists of Agricultural Solutions division, which focuses on provision of crop protection products and seeds.
Chemicals - Plastics & Rubber
Chairman of the Board of Executive Directors of the Board and Chief Technology Officer
Kurt Wilhelm Bock
Chairman of the Supervisory Board
Independent Vice Chairman of the Supervisory Board, Employee Representative
Vice Chairman of the Board of Executive Directors, Chief Financial Officer
Member of the Board of Executive Directors
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Total Debt To Equity (MRQ)
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Japanese printing ink maker DIC Corp <4631.T> said on Wednesday that the closing of its 1.15 billion euro ($1.36 billion) acquisition of German chemicals group BASF's <BASFn.DE> pigments business would be delayed until next year.
BASF, which has seen earnings knocked by the coronavirus pandemic, said it would take until February to review its dividend policy of topping up payouts to investors every year as it needs more clarity on long-term earnings prospects.
BASF on Wednesday reaffirmed its full-year earnings guidance issued earlier this month even though a surge in coronavirus infections is stoking fears of a renewed downturn.
German chemicals company BASF said on Saturday it had protectively closed an imidazole plant in Ludwigshafen after discovering it emitted a small amount of the pharmaceutical and cosmetics raw material into the river Rhine since Oct. 9.
BASF slashed its outlook on Friday after heavy writeoffs sent it to a quarterly net loss of 2.6 billion euros ($3.1 billion), blaming a slump in demand caused by the coronavirus pandemic and a glut in basic chemicals.
German oil and gas company Wintershall Dea [WINT.UL] <BASFn.DE> on Wednesday said it would end the year with a healthy cash balance as new low cost projects and cost cuts would enable it to stem a steep earnings drop.
Japanese oil refiner Idemitsu Kosan <5019.T> said on Wednesday it will end its petrochemical joint venture with German chemical manufacturer BASF <BASFn.DE> due to slumping demand at home and an oversupply caused by plant expansions in Asia.
Bayer AG sent a private investigator this month to evaluate the business of a U.S. peach grower who won a $265 million court verdict against the company and rival BASF SE, in a bid to overturn the decision, according to court filings.
Chemicals giant BASF said on Wednesday it still could not provide guidance for full-year sales and earnings due to uncertainty over the economic fallout from the coronavirus pandemic.
German chemical company BASF SE on Thursday agreed to pay $72.5 million to settle a class action fraud lawsuit over allegations its talc contained asbestos and caused lung injuries and cancer, court documents showed.
German chemical company BASF SE on Thursday agreed to settle for $72.5 million a class action fraud lawsuit over allegations its talc contained asbestos and caused lung injuries and cancer, court documents showed.
BASF <BASFn.DE> said on Friday it slid to a second-quarter net loss on an 800 million euro ($903 million) impairment against its stake in energy group Wintershall DEA on worsening prospects for oil and gas prices.
BASF, the world's largest chemicals maker by sales, said it was mindful of the risk of an unsolicited takeover approach or of an attack from activist investors and was ready to react.
BASF <BASFn.DE> scaled back its investment budget on Thursday and said it could not rule out a second quarter operating loss as the coronavirus crisis hit automakers, who are the chemicals giant's largest customers.
Germany's BASF said on Thursday first-quarter operating earnings fell 6% as demand for basic petrochemicals was dragged lower by the fallout from the coronavirus pandemic.
Germany's BASF <BASFn.DE> said on Wednesday it was withdrawing its outlook for 2020 as it was impossible to estimate the length and further spread of the coronavirus pandemic but it still proposed an unchanged dividend for 2019 of 3.30 euros per share.
Germany's BASF <BASFn.DE>, Finland's Fortum <FORTUM.HE> and Russia's Nornickel <GMKN.MM> on Friday said they signed an agreement to map out a battery recycling cluster in Finland to cater the electric vehicle market.
BASF will choose the Frankfurt stock exchange for a planned listing of oil and gas business Wintershall Dea during the second half of the year, finance chief Hans-Ulrich Engel told a news conference on Friday.
Germany's BASF <BASFn.DE> warned that earnings could drop further this year after the fallout from the coronavirus outbreak has started to weigh on demand, further slowing down the auto industry, its largest customer group.
Operating income at Germany's BASF increased by 23% in the fourth quarter, boosted by a stronger-than-expected agriculture business.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.