Tag: chemical industry
Chemicals checks off first half of the year and relies fully on China
Lanxess production in Bitterfeld in East Germany: The group manufactures ion exchangers for water treatment there. (Photo: Lanxess) Dusseldorf After a weak start to the year, there are no signs…
von Roeder comes, Kuhnert goes
Frankfurt Only last Thursday did Helene von Roeder announce her imminent departure from the real estate group Vonovia. It is now clear where the Chief Digital Officer (CTO) is headed:…
Persil manufacturer Henkel is growing faster than expected
Persil production Manufacturer Henkel increased its revenues in the first quarter. (Photo: Bloomberg) Dusseldorf At the Annual General Meeting a week and a half ago, Henkel boss Carsten Knobel promised…
Persil manufacturer Henkel is growing faster than expected
Persil production Manufacturer Henkel increased its revenues in the first quarter. (Photo: Bloomberg) Dusseldorf At the Annual General Meeting a week and a half ago, Henkel boss Carsten Knobel promised…
Martin Brudermüller is likely to become the head of the supervisory board
Martin Brudermuller The outgoing BASF boss could lead the supervisory board of Mercedes-Benz. (Photo: Bloomberg) Vienna, Dusseldorf A change is imminent at the top of the Mercedes-Benz Supervisory Board. The…
Martin Brudermüller is likely to become the head of the supervisory board
Martin Brudermuller The outgoing BASF boss could lead the supervisory board of Mercedes-Benz. (Photo: Bloomberg) Vienna, Dusseldorf A change is imminent at the top of the Mercedes-Benz Supervisory Board. The…
Bayer closes mega energy deal in the US
Wind Turbines in Idaho Cat Creek Energy will invest around $1.5 billion in the US state. (Photo: Moment/Getty Images) Dusseldorf Bayer AG gains access to a mega-project for renewable energies…
Inflation: Employees face real wage losses in 2024
Warning strikes at the post office in February 2023 Although Post employees are benefiting from a strong collective bargaining agreement, they will probably have to accept a drop in real…
Investors demand a fresh start at Bayer
Dusseldorf Norbert Winkeljohann, Chairman of the Bayer Supervisory Board, could hardly have paid the outgoing CEO any more respect: “Dear Mr. Bayer,” he called to Werner Baumann at the beginning…
Covestro raises forecast for the year – share buyback to continue
Covestro boss Steilemann The CEO sees the German locations as internationally competitive. (Photo: imago images/Rainer Unkel) Dusseldorf The plastics manufacturer Covestro started the new year much better than expected and…
BASF expects improvement in the second half of the year at the earliest
Dusseldorf After a comparatively weak start to the year, the chemical group BASF is sticking to its goals for 2023. However, all hopes rest on an economic recovery in the…
Despite the slump in earnings, BASF is sticking to its annual targets
BASF For the year as a whole, the chemical company continues to expect a decline in adjusted operating profit. (Photo: dpa) Frankfurt The chemical company BASF has confirmed its annual…
The good years are over for Merck
Merck in the balance sheet check In 2022, Merck generated sales of more than 20 billion euros for the first time. (Photo: dpa [M]) Frankfurt The Darmstadt-based Merck Group is…
Investigations against Symrise on suspicion of a cartel are ongoing
Dusseldorf The antitrust investigations against the German fragrance and aroma manufacturer Symrise are ongoing. The Dax group and its three major competitors are suspected of having coordinated their pricing policy…
The chemical industry fears that production will migrate
Dusseldorf Evonik boss Christian Kullmann is currently being courted by politicians who want to attract investments from the Essen-based chemical company to their country. “I experience that in the USA,…
How the new CEO Bayer has to move forward
Bayer balance sheet The basic figures of the Dax group are solid. Nevertheless, questions remain. (Photo: mauritius images) Dusseldorf Bayer shareholders, who quickly expect the big hit after the change…
How the new CEO Bayer has to move forward
Bayer balance sheet The basic figures of the Dax group are solid. Nevertheless, questions remain. (Photo: mauritius images) Dusseldorf Bayer shareholders, who quickly expect the big hit after the change…
Shareholders criticize weak development at Henkel Annual General Meeting
Persil production Shareholders criticize the weak development of the group. (Photo: Bloomberg) Dusseldorf Henkel boss Carsten Knobel felt the criticism of the shareholders personally for the first time. The Düsseldorf-based…
Balance sheet check: chemical giant BASF in a growth dilemma
Frankfurt For the chemical company BASF, 2022 turned out to be a year of nasty surprises. It started out strong operationally, but ended painfully: Sales and earnings in the chemicals…
Henkel sells Russian business for around 600 million euros
Henkel site near Moscow The consumer goods group will probably leave Russia with financial losses. (Photo: IMAGO/SNA) Dusseldorf A year after the announced withdrawal, Henkel sold its Russian business. The…