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 We will be in touch soon. BASF SE - Company Profile and News - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Asia Bloomberg Daybreak Asia. BASF is headquartered in Ludwigshafen, Germany. 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. Russia hasnt supplied any gas to Germany, one of the countries giving military and other help to Ukraine in the war, since then. Currently, you are not logged in to my.chemeurope.com. 141 Englehard Rd. 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. You need more than just a product to solve your challenges. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Address. Due to construction work (Brunckstrae) currently no regular opening hours. How can we support you? We combine economic success with environmental protection and social responsibility. Access key information on FPSOs/FSO vessels globally. 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. GERMANY. 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. The company operates through a network of manufacturing facilities across the world. The headquarters of this business will be in Singapore. 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. 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. 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. 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. Our product portfolio for construction chemicals consists of superplasticizers, dispersants, plasticizers, rheology modifying agents, stabilizers, defoamers and ai more. Access comprehensive information on global active, upcoming , decommissioned, and cancelled petrochemical complexes/plants. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of more, Small but powerful microorganisms contribute to greater sustainability at BASF, At BASF, innovation and sustainability are inextricably linked. Phone: +49 621 60-0 Fax: +49 621 60-42525 E-mail: industrial-formulators-eu@basf.com. Ask for information. Contact. Visitor Center 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. BASF SE Home Care, I&I and Industrial 67056 Ludwigshafen. 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. (SPACs), Transportation, Infrastructure & Logistics. History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events. 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. BASF SE Company Number T3104V_HRB6000 Native Company Number Ludwigshafen a.Rhein (Ludwigshafen) HRB 6000 Status Currently Registered Jurisdiction For non-personal use or to order multiple copies, please contact 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. 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. Directions to BASF Here you can find all addresses and directions to the Ludwigshafen site and surroundings. 1997-2023 LUMITOS AG, All rights reserved. BASF SE - Ludwigshafen, Germany BASF SE Show phone number Show fax number Show website Carl-Bosch-Str. It has presence in Europe, Asia Pacific, South America, Africa, the Middle East and North America. 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. 38. Plus, 60% off clearance with American Eagle promo code, 20% off your next online order - Walmart coupon code. He also pointed to restrictions imposed by the Russian government on the operations of Western countries and external interferences in our joint venture operations.. 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. Shareholdings: Colors & Effects UK Ltd., Basf Business Services Holding Ltd. Elastogranstrae 60. HS 38 - Chemical products n.e.c. He began his career w more, BASF breaks ground on MDI capacity expansion project at Geismar site, 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. 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. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. This includes key information on fields, wells and blocks. A BASF chemical plant in Ludwigshafen, Germany. Sign up to Stock Advisor for $79 for 1 year, All Jeans + Pants 25% off! By using our services, you agree to our use of cookies. The visualizations for "BASF SE, Ludwigshafen, Germany", Carl-Bosch-Str. $ + tax The expansion is in line with the growing trend of high-quality packaging in ASEAN where key paper and board manufacturers are located. -. Germany. Website available. All rights reserved. Carl-Bosch-Str. 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, Network. Sign In. This copy is for your personal, non-commercial use only. Contact information for Basf Se 67056 Ludwigshafen Germany. 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. BASFs forecast, based on preliminary figures, is considerably below analysts forecast of a EUR4.77 billion profit, the company said. Great that you want to get in touch with us! Ludwigshafen site (detailed plan) BASF Agricultural Center Limburgerhof BASF The headquarters of this business will be in Singapore. Here you can find all addresses and directions to the Ludwigshafen site and surroundings. This figure represents roughly half of all BASF staff around the world, with the majority working at our headquarters in Ludwigshafen. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. BASF @ K 2022 Visit our Website! 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.. Read what you need to know about our industry portal chemeurope.com. In January, the company acquired ASL, an innovative melon breeding company. It covers key commercial, geological, and technical attributes of assets and analysis of developments. Learn more. China, Phone: +55 11 2039-2273Fax: +852 273 49648E-mail: industrial-formulators-sa@basf.com. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. 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. There was an error. 38, Ludwigshafen Am Rhein, 67056 Website www.basf.com Telephone 49 621 600 No of Effective September 15th, 2020, BASF Ludwigshafen will use a new application to dispatch trucks at gate 15. 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. 67056 Ludwigshafen Follow APs coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine, Connect with the definitive source for global and local news. Therefore, you can remember a maximum of 5 contents. You will be notified in advance of any changes in rate or terms. 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). Its portfolio is organized into six segments: Chemicals, Materials, Industrials Solutions, Surface Technologies, Discover Performance Polymers! Every working day, more than 50,000 employees across Germany make their way to work at BASF. Find out how LUMITOS supports you with online marketing. 4 a.m. It carries out the production, marketing and sales of chemicals, plastics, crop protection products, and performance products. Request Profile Update Download Data 2 Recorded Transactions Home Profiles Company Europe BASF SE 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. BASF SE (BASF) is a chemical company. In September 1913, the first industrial-scale ammonia production plant came on stream at BASF in Ludwigshafen. SEWOGE Service- und Wohnungsunternehmen GmbH. Financial development. You will be charged 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. All steps are explained in this flyer you can download here. As the world's leading chemical company, we combine economic success with environmental protection and social responsibility. No vehicle traffic. Carl-Bosch-Strae 38. Sovereign Investor Leadership Conference March 2023, Carl-Bosch-Strasse 38, Ludwigshafen, 67056, Germany. Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. Researchers worldwide are working on innovative solutions to tap alternative raw material sources and to develop climate-friendly production processes and products. You may cancel your subscription at anytime by calling With an accout for my.chemeurope.com you can always see everything at a glance and you can configure your own website and individual newsletter. 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 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 More than 30 Group companies belongs to the BASF SE located in Ludwigshafen. Customer Service. BTC Europe GmbH HS 39 - Plastics and articles thereof. https://www.wsj.com/articles/germanys-basf-to-swing-to-loss-on-russia-related-impairment-11674042754. HS 29 - Organic chemicals. In January, the company received the ExxonMobil technology qualification for its Durasorb Cryo-HRU technology. On the Ground, Its More Complicated. /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. For more information contact our PU Infopoint! BASF Corporation100 Park Avenue07932 Florham Park, NJ. Last Name. 2001972640 X. Industrial implementation of the ammonia synthesis - How does it work? Errors are noted below: Thanks for reaching out. Undersea explosions damaged Nord Stream 1 in September. E 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.. Install Base provides a holistic and a granular view of the IT product/service deployments from leading vendors. Have you found what you were looking for? 67056 Ludwigshafen. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. The pipeline transported natural gas from Russia to Germany until the end of August. 38 67056 Ludwigshafen Germany Request information now Profile At BASF, we 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. Contact information for Basf Se Address D67056 LUDWIGSHAFEN GERMANY Top HS Codes HS 74 - Copper and articles thereof HS 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof See more goods shipped on Panjiva Recent Panjiva Research about Basf Se Hapag-Lloyd upgrades as Brazil, U.S. operations continue to struggle 67056 Ludwigshafen. 38 All Rights Reserved. Ludwigshafen am Rhein. 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 The pipeline transported natural gas from Russia to Germany until the end of August. 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. 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. Real-time Estimate Tradegate Find out more about the company LUMITOS and our team. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News. 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. He began his career w > more, 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. Read more. You may change your billing preferences at any time in the Customer Center or call
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