Tag: Association of the Chemical Industry VCI
Industry association VCI: Chemical industry continues to reduce production
Chemical plant in Saxony According to the industry association VCI, the industry is in a deep crisis. (Photo: dpa) Frankfurt The German chemical industry further reduced its production in the…
Industry association VCI: Chemical industry continues to reduce production
Chemical plant in Saxony According to the industry association VCI, the industry is in a deep crisis. (Photo: dpa) Frankfurt The German chemical industry further reduced its production in the…
Why things are going badly and how the industry will continue
Dusseldorf Bad news from the chemical industry is almost the order of the day: when industry leader BASF recently issued a profit warning, the share only fell slightly. Investors had…
What BASF’s profit warning means
Dusseldorf The chemical group BASF lowers its annual targets and only expects sales of a maximum of 76 billion euros for 2023 instead of 87 billion euros. The company does…
BASF lowers annual targets – Only tentative recovery expected
Frankfurt The bad news from the chemical industry does not stop: after the specialty chemicals companies Lanxess, Evonik and Clariant, industry leader BASF also has to cut back on its…
BASF lowers annual targets – Only tentative recovery expected
Frankfurt The bad news from the chemical industry does not stop: after the specialty chemicals companies Lanxess, Evonik and Clariant, industry leader BASF also has to cut back on its…
Low water slows down freight shipping – what the economy is now threatened with
Berlin The drought in Germany is becoming a burden for inland shipping. The reason: the water levels of many rivers are so low that ships can only navigate them more…
What threatens the economy if basic chemicals migrate
BASF in Ludwigshafen The group is closing several energy-intensive plants at its headquarters, including one for ammonia. (Photo: IMAGO/blickwinkel) Dusseldorf The 2023 winter season ended with a surprise for German…
“We want to see prices drop” – EU Commission wants to shorten protection periods for medicines
Brussels, Frankfurt Every centimeter of leeway has been used to advance health policy as far as possible, said Margaritis Schinas, Vice President of the EU Commission, when he presented proposals…
Industry demands improvements to energy price brakes – EU strictly rejects
Robert Habeck The Federal Minister of Economics campaigned for German industry in Brussels – in vain. (Photo: IMAGO/Chris Emil Janssen) Berlin, Brussels In its efforts to give industry easier access…
The chemical industry breaks out of its shock
Dusseldorf In the German chemical industry, the mood brightens for the first time towards the end of winter. Because of the significantly lower prices for energy and raw materials and…
Robert Habeck wants to auction contracts for industry
Berlin German industry can hope for massive state support in the near future for the transformation. As early as April, companies should be able to register their interest in the…
Economy calls for reform of shipping administration
Berlin An alliance of industry, trade and the mobility economy is increasing the pressure on Federal Transport Minister Volker Wissing (FDP) to reform the Waterways and Shipping Administration (WSV) with…
Climate scientists call for further pressure on the economy
Pipeline in a chemical plant The economy should be stopped with additional measures to save energy, says the EU climate council. (Photo: Moment/Getty Images) Brussels, Berlin During the energy crisis,…
Energy-intensive companies complain about the gas price brake
Dusseldorf Too uncertain and too bureaucratic: The gas price brake for industry that has been in place since the beginning of the year, with which the federal government wants to…
Energy-intensive companies complain about the gas price brake
Dusseldorf Too uncertain and too bureaucratic: The gas price brake for industry that has been in place since the beginning of the year, with which the federal government wants to…
Energy-intensive companies complain about the gas price brake
Dusseldorf Too uncertain and too bureaucratic: The gas price brake for industry that has been in place since the beginning of the year, with which the federal government wants to…
High energy costs – what Covestro, Evonik & Co. expect
chemical industry Companies fear serious consequences from expensive energy, recession and onerous regulation in 2023. (Photo: Imago) Dusseldorf Chemical managers like to use football comparisons. At the end of 2021,…
Pessimism dominates among companies
Industry Outlook 2023 Like most sectors, the construction industry and trades are anticipating a downturn in the coming year. Only a few sectors are optimistic for 2023 – including aircraft…
Pessimism dominates among companies
Industry Outlook 2023 Like most sectors, the construction industry and trades are anticipating a downturn in the coming year. Only a few sectors are optimistic for 2023 – including aircraft…