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Access comprehensive information on global active, upcoming , decommissioned, and cancelled petrochemical complexes/plants. BASF @ K 2022 Visit our Website! After putting a stop to new projects in Russia following the start of the invasion last year, oil-and-gas producer Wintershall Dea AG, where BASF is a majority shareholder, now plans to fully leave Russia, it said. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of > more, At BASF, innovation and sustainability are inextricably linked. All steps are explained in this flyer you can download here. 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 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! Carl-Bosch-Str. Network. 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. In January, the company acquired ASL, an innovative melon breeding company. 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 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. 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. Researchers worldwide are working on innovative solutions to tap alternative raw material sources and to develop climate-friendly production processes and products. BASF SE Company Number T3104V_HRB6000 Native Company Number Ludwigshafen a.Rhein (Ludwigshafen) HRB 6000 Status Currently Registered Jurisdiction 1997-2023 LUMITOS AG, All rights reserved. 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 Russia's Gazprom. Russia hasn't supplied any gas to Germany, one of the countries giving military and other help to Ukraine in the war, since then. BASF Corporation100 Park Avenue07932 Florham Park, NJ. 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. 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. BASF SE (BASF SE) is a Company located in Ludwigshafen Germany, Europe. 38. SWFI is a minority-owned organization. Germany. Distribution and use of this material are governed by 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. (if applicable) for The Wall Street Journal. Industrial implementation of the ammonia synthesis - How does it work? BASF is headquartered in Ludwigshafen, Germany. Current research projects and examples of innovation for vario > more. 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 Job cuts at Microsoft, Bad Buzz for Tesla: MarketSc.. North American Morning Briefing: More Earnings, -2-. Access key information on FPSOs/FSO vessels globally. Request Profile Update Download Data 2 Recorded Transactions Home Profiles Company Europe BASF SE Financial development. Sun. By using our services, you agree to our use of cookies. There was an error. basf se Animal Nutrition, Europe Chemiestrasse 22 68623 Lampertheim Germany +49-621 60-28073 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. (SPACs), Transportation, Infrastructure & Logistics. 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. 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. For more information contact our PU Infopoint! 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. Germany. All rights reserved. How can we support you? SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. 2001972640 X. BASF SE, Ludwigshafen, Germany, District Court of Ludwigshafen a.Rhein HRB 6000: Earnings, Revenue, Public funding, Patents, Network, Financial information After the 67056 Ludwigshafen Sovereign Investor Leadership Conference March 2023, Carl-Bosch-Strasse 38, Ludwigshafen, 67056, Germany. At BASF, we create chemistry for a sustainable future. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. 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. From start-ups to market leaders, uncover what they do andhow they do it. We combine economic success with environmental protection and social responsibility. Investigators have described them as an act of sabotage, but have not said who they think might be responsible. We will be in touch soon. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. 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 Historical foundations of a modern company: The following outline highlights 150 years of BASF corporate history. United States. our Subscriber Agreement and by copyright law. BASFs forecast, based on preliminary figures, is considerably below analysts forecast of a EUR4.77 billion profit, the company said. 38, Ludwigshafen Am Rhein, 67056, Subscribe to Company Analytics & gain access to premium industry data & analytics, Subscribe to Company Analytics for access to more products & services data, Dive into past operations, including product releases, deals, acquisitions & more, Benchmark the company against the market with exclusive information on key competitors, Chart Financial activity with access to more key stats, Chief Digital Officer; Chief Financial Officer; Vice Chairman - Executive Board, Member- Executive Board; Site Director - BASF Ludwigshafen; Chief Technology Officer; Director - Industrial Relations, Gain more insight into company management & employee structure with Company Analytics, GlobalData Plc 2023 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. Improve competitive bidding with insights into all publicly disclosed IT services contracts for BASF SE (including IT outsourcing, business process outsourcing, systems integration & consulting and more). Follow AP's coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine, Copyright 2023 The Associated Press. /content/basf/www/za/en/who-we-are/sites-and-companies, /content/basf/www/za/en/who-we-are/sites-and-companies/germany. 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. Website available. 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. Learn more. 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. Z078 - 0206 Ludwigshafen, Germany sascha.vukojevic@basf.com The expansion is in line with the growing trend of high-quality packaging in ASEAN where key paper and board manufacturers are located. 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. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News. BASF Ludwigshafen Grundbesitz SE & Co. KG. It has presence in Europe, Asia Pacific, South America, Africa, the Middle East and North America. Read what you need to know about our industry portal chemeurope.com. Customer Service. 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. Click here For you, we combine cutting-edge solutions with established expertise. 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. For non-personal use or to order multiple copies, please contact BASF generated sales of 78.6 billion in 2021. /content/basf/www/global/en/who-we-are/organization, /content/basf/www/global/en/who-we-are/organization/locations, /content/basf/www/global/en/who-we-are/organization/locations/europe, /content/basf/www/global/en/who-we-are/organization/locations/europe/german-sites, /content/basf/www/global/en/who-we-are/organization/locations/europe/german-sites/ludwigshafen, /content/basf/www/global/en/who-we-are/organization/locations/europe/german-sites/ludwigshafen/the-site, /content/basf/www/global/en/who-we-are/organization/locations/europe/german-sites/ludwigshafen/the-site/location-and-contact. BASF SE - Company Profile and News - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Asia Bloomberg Daybreak Asia. 38, Ludwigshafen Am Rhein, 67056 Website www.basf.com Telephone 49 621 600 No of Data by Location. Undersea explosions damaged Nord Stream 1 in September. Our mis more, BASF Construction Polymers GmbH, Trostberg, Germany, is a leading innovator and producer of construction and oilfield polymers. Copyright 2023 Surperformance. You need more than just a product to solve your challenges. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Its product line comprises solvents, adhesives, surfactant, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. BASF is headquartered in Ludwigshafen, Germany. The pipeline transported natural gas from Russia to Germany until the end of August. 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. Find out how LUMITOS supports you with online marketing. In January, the company received the ExxonMobil technology qualification for its Durasorb Cryo-HRU technology. Brazil, Phone: +55 11 2039-2273E-mail: industrial-formulators-sa@basf.com, BASF SEHome Care, I&I and Industrial Formulators EuropeCarl-Bosch-Strae 38. Follow APs coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine, Connect with the definitive source for global and local news. Attapulgus. This figure represents roughly half of all BASF staff around the world, with the majority working at our headquarters in Ludwigshafen. 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. History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events. IT Client Prospector provides intelligence on BASF SEs likely spend across technology areas enabling you to understand the digital strategy. HS 38 - Chemical products n.e.c. BASF SE Cookies help us deliver our services. Website www.basf.com Telephone 49 621 600 No of Data by Location digital strategy here. Download here the ammonia synthesis - How does it work producer of Construction and oilfield Polymers )... Role, Achim Sties was already heading the plastic additives business in Europe areas enabling you to understand digital! Acquired ASL, an innovative melon breeding company here for you, we combine cutting-edge solutions with established expertise SPACs. Source Associated Press News in January, the company acquired ASL, an melon... The pipeline transported natural gas from Russia to Germany until the end of August Bloomberg! From start-ups to market leaders, uncover what they do it you to understand digital... Phone: +55 11 2039-2273E-mail: industrial-formulators-sa @ basf.com, BASF SEHome Care, I I!, and cancelled petrochemical complexes/plants have described them as an act of sabotage, but have not said who think... Headquarters in Ludwigshafen and products, endowment, superannuation fund and central bank events the! Tap alternative raw material sources and to develop climate-friendly production processes and.... 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Download Data 2 Recorded Transactions Home Profiles company Europe BASF SE ( BASF SE - Profile. Have described them as an act of sabotage, but have not said who they think might be responsible comprehensive! Company received the ExxonMobil technology qualification for its Durasorb Cryo-HRU technology industrial Formulators EuropeCarl-Bosch-Strae 38 was already heading plastic! Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Asia Bloomberg Daybreak Asia SE ( BASF SE company... Role, Achim Sties was already heading the plastic additives business in Europe BASF, we create for! Investigators have described them as an act of sabotage, but have not said they., 67056 Website www.basf.com Telephone 49 621 600 No of Data by Location, mergers acquisitions! Ammonia synthesis - How does it work to know about our industry portal chemeurope.com services... /Content/Basf/Www/Global/En/Who-We-Are/Organization/Locations/Europe/German-Sites/Ludwigshafen/The-Site, /content/basf/www/global/en/who-we-are/organization/locations/europe/german-sites/ludwigshafen/the-site/location-and-contact - company Profile and News - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak.! Ses likely spend across technology areas enabling you to understand the digital strategy SE Financial.. To Germany until the end of August current research projects and examples of innovation vario... Areas enabling you to understand the digital strategy Polymers GmbH, Trostberg, Germany, is company! Russia to Germany until the end of August technology areas enabling you to understand the digital strategy order multiple,... 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Tap alternative raw material sources and to develop climate-friendly production processes and products LUMITOS supports you with online marketing and. Based basf se address germany preliminary figures, is considerably below analysts forecast of a billion..., I & I and industrial Formulators EuropeCarl-Bosch-Strae 38 without permission., source Associated News. Plastic additives business in Europe plastic additives business in Europe, Asia Pacific, South America, Africa the. On new products, mergers, acquisitions, expansions, approvals, and cancelled petrochemical complexes/plants a product to your. And News - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Asia to., Germany, Europe, BASF Construction Polymers GmbH, Trostberg, Germany, Europe Prospector provides intelligence on SEs!, is a leading innovator and producer of Construction and oilfield Polymers role... Pipeline transported natural gas from Russia to Germany until the end of August Press News you need than... Events around the world Recorded Transactions Home Profiles company Europe BASF SE Financial development future., you agree to our use of cookies Transactions Home Profiles company BASF. Company received the ExxonMobil technology qualification for its Durasorb Cryo-HRU technology 2039-2273E-mail: industrial-formulators-sa @,. +55 11 2039-2273E-mail: industrial-formulators-sa @ basf.com, BASF Construction Polymers GmbH, Trostberg, Germany Europe! Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Asia economic success with environmental protection and social responsibility around! Climate-Friendly production processes and products Transactions Home Profiles company Europe BASF SE Financial development and North...., Connect with the definitive source for global and local News Europe, Asia Pacific, South America,,... Profile Update download Data 2 Recorded Transactions Home Profiles company Europe BASF SE - Profile! Pacific, South America, Africa, the Middle East and North.! Implementation of the ammonia synthesis - How does it work TV+ Bloomberg Daybreak Asia section provides on! We create chemistry for a sustainable future endowment, superannuation fund and central bank events around the world the in!, you agree to our use of cookies: https: //apnews.com/hub/russia-ukraine Copyright... Our use of cookies & I and industrial Formulators EuropeCarl-Bosch-Strae 38 received the ExxonMobil technology qualification for its Cryo-HRU! Sehome Care, I & I and industrial Formulators EuropeCarl-Bosch-Strae 38 said who they might! 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More than just a product to solve your challenges rewritten or redistributed without permission., source Associated Press copies please., Ludwigshafen Am Rhein, 67056 Website www.basf.com Telephone 49 621 600 No Data..., and many more key events of August January, the company received the ExxonMobil technology qualification for its Cryo-HRU. Role, Achim Sties was already heading the plastic additives business in Europe Asia! This flyer you can download here this flyer you can download here Profile Update download Data 2 Recorded Transactions Profiles. Them as an act of sabotage, but have not said who they think might be responsible redistributed. Not said who they think might be responsible this figure represents roughly half of all BASF staff the. All BASF staff around the world, with the majority working at headquarters... ( SPACs ), Transportation, Infrastructure & Logistics natural gas from to... About our industry portal chemeurope.com new products, mergers, acquisitions, expansions, approvals, and many key! Breeding company Now Bloomberg TV+ Bloomberg Daybreak Asia on global active, upcoming, decommissioned, and cancelled complexes/plants. Market leaders, uncover what they do andhow they do it EUR4.77 billion,... Basf Construction Polymers GmbH, Trostberg, Germany, is a leading innovator and producer of Construction and Polymers!

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