Tag: chemistry
Oil company shows interest in Covestro takeover
Covestro The Dax group has apparently aroused the interest of the oil giant Adnoc from Abu Dhabi. (Photo: REUTERS) Dusseldorf, Frankfurt The Arab oil group Adnoc has expressed interest in…
Lanxess, Sartorius, K+S: Chemical companies shock with profit warnings
Dusseldorf The weak situation of the world economy leads to the first profit warnings from German companies for the current year. The chemical manufacturer Lanxess has now surprisingly lowered its…
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…
How artificial intelligence is revolutionizing the biotech industry
Insight Innovation The fight against cancer and other diseases will be changed by AI. Numerous optimists expect a revolution in medicine. Boston, NY The “Bio International Convention” is one of…
Activist investor fails at Brenntag: Now there is a risk of litigation
Dusseldorf The activist investor Primestone has failed in the election of the new supervisory board members of the chemicals dealer Brenntag. On Thursday, the majority of shareholders elected the two…
Industry warns of the consequences of the chemical ban
Dusseldorf The EU Commission is planning a comprehensive ban on so-called PFAS chemicals, also known as “forever chemicals” because of their long shelf life. The industry criticizes that this is…
“Greed inflation” in industry? “Only a few have increased their prices disproportionately”
BASF acetylene plant in Ludwigshafen In the Group’s basic chemicals business, prices are already falling sharply. (Photo: BASF SE) Dusseldorf Exactly one year ago, chemical companies were still bursting with…
How does Germany save its industry from the electricity price shock?
Ulrike Malmendier and Michael Niese The economy is critical of an industrial electricity price, the industry representative demands affordable electricity as quickly as possible. (Photo: Imago, Getty, PR) Berlin The…
Agrichemical giant Syngenta changes strategy at IPO in China
Syngenta logo Chemchina bought Syngenta in 2015 for $43 billion and took the company private. (Photo: AFP) Zurich The move is intended to quickly get one of the foreseeable largest…
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…
How renewable resources are replacing petroleum
Dusseldorf Anyone who drives past huge chemical plants on the Autobahn between Cologne and Bonn would have no idea: old chip fat is being processed here, possibly from your last…
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…
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…
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…
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…
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…