Access comprehensive data and analysis of global upstream assets. Climate Activist Greta Thunberg Detained in Germany During Coal Mine Protest, Fed Talks: A Conversation With St. Louis Fed President James Bullard, Watch: California Floods Leave Behind Washed Away Houses, Submerged Cars, Why the FTC Says Noncompete Clauses Are Hurting the Economy. Learn more. Germanys 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 Moscows invasion of Ukraine. United States. $ + tax From start-ups to market leaders, uncover what they do andhow they do it. Contact - BASF SE. Call the company. Investigators have described them as an act of sabotage, but have not said who they think might be responsible. Last Name. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. Industrial implementation of the ammonia synthesis - How does it work? Visitor Center Sun. USA, E-mail: [email protected], BASF S.A.Avenida das Nacoes Unidas14.171, Morumbi, So Paulo SP. Headquarters Germany Address Carl-Bosch-Str. Customer Service. BASF Corporation100 Park Avenue07932 Florham Park, NJ. Germany, Phone: +49 621 60-0Fax: +49 621 60-42525E-mail: [email protected], BTC Europe GmbHRheinpromenade 140789 Monheim am Rhein. Global Oilfield Chemicals Contact Us. With a total investment amounting to USD 2.9 billion, its IPS (Integrated Petrochemical Site) I Project was started in September 2001 and put into commercial operation in June 2005. HQ. Parent company BASF said in its preliminary 2022 earnings statement that it was taking charges on its holding in Wintershall Dea totaling about 7.3 billion euros, 5.4 billion euros of them in the fourth quarter of last year. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. Continue reading your article witha WSJ membership, Already a member? Errors are noted below: Thanks for reaching out. Undersea explosions damaged Nord Stream 1 in September. BASFs forecast, based on preliminary figures, is considerably below analysts forecast of a EUR4.77 billion profit, the company said. BASF carries out R&D in alliance with global customers, scientists and partners. Every working day, more than 50,000 employees across Germany make their way to work at BASF. All steps are explained in this flyer you can download here. our Subscriber Agreement and by copyright law. BTC Europe GmbH BASF SE Polymer Dispersions for Construction Europe E-EDK//BB - H201 Carl-Bosch-Strasse 38 67056 Ludwigshafen, Germany Send email He also pointed to restrictions imposed by the Russian government on the operations of Western countries and external interferences in our joint venture operations.. 67056 Ludwigshafen. SWFI is a minority-owned organization. This copy is for your personal, non-commercial use only. Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations This figure represents roughly half of all BASF staff around the world, The pipeline transported natural gas from Russia to Germany until the end of August. Phone: +49 5443 12 0. Sign up to Stock Advisor for $79 for 1 year, All Jeans + Pants 25% off! All rights reserved. The expansion is in line with the growing trend of high-quality packaging in ASEAN where key paper and board manufacturers are located. BASF is headquartered in Ludwigshafen, Germany. We are delighted that you'd like to resume your subscription. Pedestrian traffic only during opening hours. Ludwigshafen am Rhein. 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. 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. BASF SE 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 7.30 p.m. to Sat. BASF is the worlds leading chemical company headquartered in Germany. 03925319, Artificial Intelligence: Leading Technology Companies, Cybersecurity: Leading Technology Companies, Electric Vehicles: Leading Technology Companies, Strategic Alliances Announced in Last 12 Months, Special Purpose Acquisition Corps. Read more. 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.. The pipeline transported natural gas from Russia to Germany until the end of August. 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 that it expects a net loss for 2022 in the latest major corporate fallout from the war in Ukraine. Therefore, you can remember a maximum of 5 contents. You will be charged 38 At BASF, we create chemistry - and have been doing so for 150 years. Follow AP's coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine, Copyright 2023 The Associated Press. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of the decade to support the ongoing growth of its North American MDI Contact. 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. BASF SE (BASF) is a chemical company. It covers key commercial, geological, and technical attributes of assets and analysis of developments. Our mis more, BASF Construction Polymers GmbH, Trostberg, Germany, is a leading innovator and producer of construction and oilfield polymers. GERMANY. Request Profile Update Download Data 2 Recorded Transactions Home Profiles Company Europe BASF SE Bring us your ideas and we turn them into reality together! Our product portfolio for construction chemicals consists of superplasticizers, dispersants, plasticizers, rheology modifying agents, stabilizers, defoamers and ai more. BASF SE - Ludwigshafen, Germany BASF SE Show phone number Show fax number Show website Carl-Bosch-Str. Financial development. 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. 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. 67056 Ludwigshafen. Find out more about the company LUMITOS and our team. At BASF, we create chemistry for a sustainable future. 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. Have you found what you were looking for? BASF SE (Ludwigshafen, Germany) has announced an investment in the capacity expansion of polymer dispersions at its production site in Merak, Indonesia. Parent company BASF said in its preliminary 2022 earnings statement that it was taking charges on its holding in Wintershall Dea totaling about 7.3 billion euros, 5.4 billion euros of them in the fourth quarter of last year. Carl-Bosch-Str. Click here For you, we combine cutting-edge solutions with established expertise. You will be notified in advance of any changes in rate or terms. 49448 Lemfrde. 67056 Ludwigshafen. In January, the company received the ExxonMobil technology qualification for its Durasorb Cryo-HRU technology. No affiliation or endorsement, express or implied, is provided by their use. Sovereign Investor Leadership Conference March 2023, Carl-Bosch-Strasse 38, Ludwigshafen, 67056, Germany. Undersea explosions damaged Nord Stream 1 in September. BASF SE, Ludwigshafen, Germany, District Court of Ludwigshafen a.Rhein HRB 6000: Earnings, Revenue, Public funding, Patents, Network, Financial information After the In January, the company entered into an agreement with Eramet to invest in a nickel smelting facility in Indonesia. 38 67056 Ludwigshafen Germany Request information now Profile At BASF, we In January, the company acquired ASL, an innovative melon breeding company. Due to construction work (Brunckstrae) currently no regular opening hours. Germany's BASF and French miner Eramet are finalising a $2.6 billion partnership deal to invest in a facility in Indonesia to process nickel for use in batteries for electric vehicles, Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. The units 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. Researchers worldwide are working on innovative solutions to tap alternative raw material sources and to develop climate-friendly production processes and products. 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. basf se Animal Nutrition, Europe Chemiestrasse 22 68623 Lampertheim Germany +49-621 60-28073 Russian TV Touts a Big Victory in Ukraine. Germany. 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 First Name. 38, Ludwigshafen Am Rhein, 67056 Website www.basf.com Telephone 49 621 600 No of BASF generated sales of 78.6 billion in 2021. 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 Researchers worldwide are working on innovative solutions to tap alternative raw material sources and to develop climate-friendly production processes and products. Job cuts at Microsoft, Bad Buzz for Tesla: MarketSc.. North American Morning Briefing: More Earnings, -2-. HS 39 - Plastics and articles thereof. Data by Location. 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. There was an error. Discover Performance Polymers! BASF SE Home Care, I&I and Industrial 67056 Ludwigshafen. Germany. HS 29 - Organic chemicals. 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. 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.
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