Tag: chemical industry
Chemical industry supports Habeck’s course in gas supply
Economics Minister Robert Habeck Chemical industry: “In this situation we all have to stand together”. (Photo: Getty Images) Berlin The letter is both a declaration of solidarity and an appeal…
Linde halts new business with Russia
Linde plant in Vprsino, Russia The Dax group is suspending new business in Russia, but wants to fulfill existing contracts if the sanctions allow this. (Photo: lime tree) Munich The…
CEO Ilham Kadri splits up Solvay
Solvay boss Ilham Kadri The doctor of chemistry has led the Belgian group since 2019. (Photo: imago images/Belga) Dusseldorf Ilham Kadri is held in high esteem by her predominantly male…
Bayer stops “non-essential” business in Russia
Symbolic picture: Bayer plant The group will monitor the political situation closely. (Photo: dpa) Frankfurt Bayer is ceasing all “non-essential business” in Russia and Belarus in response to the Russian…
What happens when gas runs out?
Berlin Chancellor Olaf Scholz (SPD) and Federal Minister of Economics Robert Habeck (Greens) have been warning for days against placing an embargo on Russian natural gas deliveries to Germany. The…
What happens when gas runs out?
Berlin Chancellor Olaf Scholz (SPD) and Federal Minister of Economics Robert Habeck (Greens) have been warning for days against placing an embargo on Russian natural gas deliveries to Germany. The…
Lanxess share: Lanxess investors receive higher dividends
Lanxess logo Despite rising costs, the group is confident about the current year. (Photo: dpa) Frankfurt The specialty chemicals group Lanxess ended the past year with a significant increase in…
Pest control business goes to financial investor
Bayer factory in Wuppertal Sells the Environmental Science division to the financial investor Cinven. (Photo: dpa) Dusseldorf Bayer is selling its pest control products business to financial investor Cinven for…
Linde is initially fulfilling contracts in Russia
Linde plant in Vorsino, Russia The gases company had received several billion-dollar orders from Gazprom in recent years. (Photo: lime tree) Munich A few days ago, when Sanjiv Lamba appeared…
Merck KgaA is preparing to sell its pigments business
Headquarters of Merck KGaA in Darmstadt The pharmaceutical company is apparently focusing more on high-margin sectors. (Photo: Reuters) Frankfurt According to financial sources, the Darmstadt-based pharmaceutical and technology group Merck…
Evonik wants its own coal-fired power plant to run longer
Dusseldorf The Essen-based chemical group Evonik could continue to operate its own coal-fired power plant in the Marl chemical park longer than planned. “We are examining this step intensively in…
Pandemic drives record growth – dividend increased
Merck The German pharmaceutical company can increase profits and sales in the corona pandemic. (Photo: dpa) Frankfurt The Darmstadt-based Merck Group is unimpressed by the crisis in Ukraine in terms…
Not in the limelight, but successful
Symrise boss Heinz-Jürgen Bertram “The business will continue to develop stably.” (Photo: Symrise) Dusseldorf Heinz-Jürgen Bertram is probably one of the least known of the 40 Dax bosses. This also…
More dividends, share buybacks – the price soars by five percent
Covestro headquarters in Leverkusen The dividend is to be raised to the record level of EUR 3.40 per share. (Photo: dpa) Dusseldorf Despite the growing geopolitical risks, the plastics manufacturer…
Profit is expected to grow to twelve billion euros
Bayer Cross at the Leverkusen site After a heavy loss in 2020, the group is back in the black. (Photo: dpa) Dusseldorf Bayer AG has grown significantly in the past…
Symrise increases sales and profits again
Production at Symrise The company is not in the public eye, even though consumers come into contact with Symrise products 20 to 30 times a day. (Photo: Symrise) Dusseldorf The…
Why the unknown Dax newcomer has been growing for years
Fragrances and flavors from Symrise The producer of flavors and fragrances has been growing for years. (Photo: Symrise) Dusseldorf Whether chips, perfume or dog food: Consumers come into contact with…
Chemical company wrestles with increased energy prices
Frankfurt The chemical group BASF more than doubled its operating profit in 2021 and increased its dividend by ten cents to EUR 3.40 per share. Despite a good start, the…
Chemical company wrestles with increased energy prices
BASF plant on the factory premises in Ludwigshafen For 2022, BASF expects sales to fall to between 74 and 77 billion euros. (Photo: dpa) Frankfurt The increased energy prices are…
CEO Carsten Knobel should sell the cosmetics business
Carsten Knobel The Henkel boss is reorganizing the company. (Photo: Henkel) What were those times. For years, Henkel has achieved stable EBIT margins of 15 percent and more with its…