Undersea explosions damaged Nord Stream 1 in September. Achim Sties appointed new Senior Vice President of BASF plastic additives, BASF has appointed Dr. Achim Sties to lead the global plastic additives business unit effective January 1, 2023. BASF SE - Ludwigshafen, Germany BASF SE Show phone number Show fax number Show website Carl-Bosch-Str. Job cuts at Microsoft, Bad Buzz for Tesla: MarketSc.. North American Morning Briefing: More Earnings, -2-. Find out how LUMITOS supports you with online marketing. Add to dossier (if available): History. Data by Location. You may cancel your subscription at anytime by calling BASF carries out R&D in alliance with global customers, scientists and partners. 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. No vehicle traffic. 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 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. Russia hasnt supplied any gas to Germany, one of the countries giving military and other help to Ukraine in the war, since then. This figure represents roughly half of all BASF staff around the world, 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. The expansion is in line with the growing trend of high-quality packaging in ASEAN where key paper and board manufacturers are located. Ask for information. 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 HS 29 - Organic chemicals. In January, the company entered into an agreement with Eramet to invest in a nickel smelting facility in Indonesia. Cookies help us deliver our services. BASF SE Home Care, I&I and Industrial 67056 Ludwigshafen. He also pointed to restrictions imposed by the Russian government on the operations of Western countries and external interferences in our joint venture operations.. 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. We are delighted that you'd like to resume your subscription. Shareholdings: Colors & Effects UK Ltd., Basf Business Services Holding Ltd. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Contact - BASF SE. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. 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. HS 28 - Inorganic chemicals; organic and inorganic compounds of precious metals; of rare earth metals, of radio-active elements and of isotopes. Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. Find out more about the company LUMITOS and our team. Germany, Phone: +49 621 60-0Fax: +49 621 60-42525E-mail: industrial-formulators-eu@basf.com, BTC Europe GmbHRheinpromenade 140789 Monheim am Rhein. Current research projects and examples of innovation for vario > more. 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). 49448 Lemfrde. 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. 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 - Company Profile and News - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Asia Bloomberg Daybreak Asia. Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations Current research projects and examples of innovation for vario more. BASF SE BASF is headquartered in Ludwigshafen, 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 gas and oil subsidiary. HS 39 - Plastics and articles thereof. Midstream database provides details on global active, upcoming , decommissioned, and cancelled oil & gas pipelines, LNG regasification and liquefaction terminals, liquid storage terminals, underground gas storage facilities, and gas processing plants. 4 a.m. 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). In September 1913, the first industrial-scale ammonia production plant came on stream at BASF in Ludwigshafen. 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 Great that you want to get in touch with us! 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. Opening hours: 38. Researchers worldwide are working on innovative solutions to tap alternative raw material sources and to develop climate-friendly production processes and products. basf se Animal Nutrition, Europe Chemiestrasse 22 68623 Lampertheim Germany +49-621 60-28073 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. SWFI is a minority-owned organization. Global Oilfield Chemicals Contact Us. Open a newChase Private ClientChecking account and get a $2000 bonus! Every working day, more than 50,000 employees across Germany make their way to work at BASF. BASF is the worlds leading chemical company headquartered in Germany. 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. For non-personal use or to order multiple copies, please contact As the world's leading chemical company, we combine economic success with environmental protection and social responsibility. Address. 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. 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. Our mis more, BASF Construction Polymers GmbH, Trostberg, Germany, is a leading innovator and producer of construction and oilfield polymers. 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. Sun. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. Continue reading your article witha WSJ membership, Already a member? 67056 Ludwigshafen. The pipeline transported natural gas from Russia to Germany until the end of August. Access comprehensive data and analysis of global upstream assets. Errors are noted below: Thanks for reaching out. 2001972640 X. History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events. Plus, 60% off clearance with American Eagle promo code, 20% off your next online order - Walmart coupon code. 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. Ludwigshafen am Rhein. Historical foundations of a modern company: The following outline highlights 150 years of BASF corporate history. The company operates through a network of manufacturing facilities across the world. Top HS Codes. It has presence in Europe, Asia Pacific, South America, Africa, the Middle East and North America. A BASF chemical plant in Ludwigshafen, Germany. (if applicable) for The Wall Street Journal. United States. 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 material subject to strictly enforced copyright laws. 38 67056 Ludwigshafen Germany Request information now Profile At BASF, we Real-time Estimate Tradegate BASF @ K 2022 Visit our Website! 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 Live from New York and Hong Kong, 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. Access comprehensive information on global active, upcoming , decommissioned, and cancelled petrochemical complexes/plants. Sign up to Stock Advisor for $79 for 1 year, All Jeans + Pants 25% off! At BASF, we create chemistry for a sustainable future. For more information contact our PU Infopoint! 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.. BASF SE (Ludwigshafen, Germany) has announced an investment in the capacity expansion of polymer dispersions at its production site in Merak, Indonesia. 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. Network of manufacturing facilities across the world we are delighted that you 'd to! And News - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak.... 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