Tag: chemical industry
Those are the plans of the new Evonik CFO
Dusseldorf It is an unusual constellation: until the end of March, Maike Schuh operationally managed one of the three large divisions of the specialty chemicals manufacturer Evonik. It is now…
Eight graphics explain why Henkel is doing so badly
Henkel in the balance sheet check Unlike the competition, profits at the Persil manufacturer fell in 2022. (Photo: dpa [M]) Dusseldorf Carsten Knobel is not to be envied. The pandemic…
Bayer board of directors receives bonus despite high glyphosate costs – shareholders express clear criticism
Bayer CEO Werner Baumann: Dusseldorf The remuneration of Bayer’s board of management has met with ongoing criticism from investors and proxy advisors. Reason: In 2022, Bayer also had to deal…
Covestro with a significant drop in sales and earnings – a loss of 30 million euros
Covestro The plastics group made about a fifth less sales in the past quarter. (Photo: Reuters) Leverkusen At the start of the year, the plastics group Covestro had to accept…
BASF operating profit falls less than feared – stock gains
BASF in Ludwigshafen The chemical giant’s sales fell significantly in the first quarter. (Photo: dpa) Frankfurt Ludwigshafen-based chemical giant BASF posted a sharp decline in its operating profit (EBIT) in…
BASF exceeds expectations with profit in the first quarter
BASF in Ludwigshafen The chemical giant’s sales fell significantly in the first quarter. (Photo: dpa) Frankfurt The Ludwigshafen-based chemical giant BASF earned significantly better than analysts had expected in the…
How the new CEO wants to stir up Bayer
Future Bayer boss Bill Anderson The American will take over as CEO at the end of June. (Photo: Bayer AG) Dusseldorf On Tuesday evening, the future Bayer boss appeared before…
Bayer boss gets less salary to say goodbye
Dusseldorf Bayer boss Werner Baumann says goodbye to his post with a drop in salary. Despite a record operating profit, the CEO will receive around five percent less remuneration for…
Henkel is about to sell its Russian business
Henkel products in a Russian supermarket The consumer goods group has been trying to part with its Russian business since last April. (Photo: Getty Images; Per-Anders Pettersson) Riga, Dusseldorf The…
Bayer competitor Syngenta gears up for IPO with record profit
Syngenta logo Chemchina bought Syngenta in 2015 for $43 billion and took the company private. (Photo: AFP) Zurich, Dusseldorf The Chinese-controlled agrochemical group Syngenta significantly increased profits and sales in…
The militant voice of the middle class
Dusseldorf There was this key moment in the life of entrepreneur Natalie Mekelburger when she put down the newspaper and felt a deep rumbling in her stomach. She had just…
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…
Post increases dividend – steel trader KlöCo halved its profit
Post boss says goodbye with a record year and increased dividend Farewell gift for shareholders: After a record year, the outgoing Post boss Frank Appel is increasing the dividend for…
Symrise share collapses, fragrance manufacturer suspected of being a cartel
Symrise headquarters in Holzminden The German fragrance manufacturer is suspected of being a cartel. (Photo: dpa) Dusseldorf The German fragrance and aroma manufacturer Symrise is suspected of having entered into…
Symrise share collapses, fragrance manufacturer suspected of being a cartel
Symrise headquarters in Holzminden The German fragrance manufacturer is suspected of being a cartel. (Photo: dpa) Dusseldorf The German fragrance and aroma manufacturer Symrise is suspected of having entered into…
Profit falls for the first time in twelve years
Dusseldorf The German fragrance and aroma manufacturer Symrise is suspected of having entered into illegal price agreements with its three major competitors. Both the EU antitrust authorities and the Swiss…
Brenntag ensnares investors with share buybacks and higher dividends
Brenntag laboratory The world’s largest chemical distributor is currently being attacked by two activist funds. (Photo: Brenntag AG) Dusseldorf The chemicals dealer Brenntag, which has been harassed by activist investors,…
Profit falls for the first time in twelve years
Dusseldorf The success story of the fragrance and aroma manufacturer Symrise gets a small setback. After twelve years of increasing profits, CEO Heinz-Jürgen Bertram had to present a lower result…
How the group intends to expand its global market leadership
Research on cotton plants at Bayer With 2.6 billion euros, the group has the largest research budget in the agricultural business. (Photo: Bayer AG) Dusseldorf Despite the sharp price declines…
High costs make things difficult for Persil manufacturers
Dusseldorf The manufacturer Henkel made significantly less money last year with Persil detergents, Pril cleaners and Pritt glue sticks. Adjusted earnings before interest and taxes (EBIT) fell by 13.7 percent…