Tag: chemical industry
Bayer boss Bill Anderson starts the first phase of the restructuring
Bayer boss Bill Anderson The American wants to reorganize the company and streamline processes. (Photo: IMAGO/Panama Pictures) Dusseldorf The American Bill Anderson has been head of the pharmaceutical and agricultural…
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…
Several hedge funds are joining the DAX group
Covestro Many investors believe an agreement is very likely after official talks have begun with Adnoc. (Photo: AFP/Getty Images) Düsseldorf, Frankfurt The takeover talks between the plastics manufacturer Covestro and…
Bayer lowers forecast due to write-downs on glyphosate business
Glyphosate use in agriculture The herbicide is the best-selling crop protection product worldwide. (Photo: AFP/Getty Images) Frankfurt A weak agricultural business has a negative impact on Bayer’s annual targets. For…
Bayer lowers forecast due to write-downs on glyphosate business
Bayer factory The price of glyphosate and similar products has fallen. (Photo: dpa) Frankfurt Because of the meager demand for crop protection products containing glyphosate, Bayer is lowering its annual…
Bayer lowers forecast due to write-downs on glyphosate business
Bayer factory The price of glyphosate and similar products has fallen. (Photo: dpa) Frankfurt Because of the meager demand for crop protection products containing glyphosate, Bayer is lowering its annual…
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…
Adnoc increases offer for Covestro
Adnoc headquarters in Abu Dhabi The oil company shows strong interest in the Dax group Covestro. (Photo: Reuters) Frankfurt, Dusseldorf According to financial sources, the oil company Adnoc from Abu…
Evonik before sale of superabsorbents division
Diapers keep you dry thanks to super absorbers Highly absorbent diaper chemicals, so-called superabsorbents, are manufactured by companies such as Evonik. He now wants to sell the business. (Photo: dpa)…
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…
Federal government wants to use hydrogen in all areas
hydrogen line The federal government wants to advance the development of a hydrogen economy. (Photo: dpa) Berlin The federal cabinet is to decide on the update of the national hydrogen…
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…
Evonik does not expect any recovery in 2023: profit forecast drops drastically
Evonik plant in Cologne The specialty chemicals group has significantly lowered its profit expectations. (Photo: imago images / Future Image) Dusseldorf The specialty chemicals group Evonik has significantly reduced its…
Evonik does not expect any recovery in 2023: profit forecast drops drastically
Evonik plant in Cologne The specialty chemicals group has significantly lowered its profit expectations. (Photo: imago images / Future Image) Dusseldorf The specialty chemicals group Evonik has significantly reduced its…
Glyphosate: EU food authority sees no cancer risk
Glyphosate use in agriculture The herbicide is the best-selling crop protection product worldwide. (Photo: AFP/Getty Images) Dusseldorf The highest EU authority for food safety (EFSA) still does not consider the…
Brenntag takes step towards possible split after hedge fund attack
Brenntag headquarters in Essen The chemical dealer is being harassed by activist investors. (Photo: IMAGO/Rupert Oberhäuser) Dusseldorf A few weeks after the sharp confrontation with activist investors, the chemicals dealer…
Fragrance manufacturer Symrise is defending itself in court against cartel allegations
Fragrance mixtures at Symrise The Dax group defends itself against cartel allegations. (Photo: Symrise) Dusseldorf The fragrance and aroma manufacturer Symrise is defending itself in court against the ongoing antitrust…