Tag: chemistry
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…
Industry reports surprisingly strong increase in orders
mechanical engineering in Rostock Compared to the pre-war period, orders in mechanical engineering are still slightly lower. (Photo: dpa) Wiesbaden, Berlin The order books of German industry filled up more…
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 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…
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,…
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…
Covestro cancels dividend: Chemical companies expect profits to fall
>>iOS This led to a loss for the year of 272 million euros for the Leverkusen team for the first time. The Management Board has therefore decided to cancel the…
BASF plans to cut 2,600 jobs worldwide
Ludwigshafen After a significant drop in earnings last year and high burdens from the energy crisis, BASF is cutting 2,600 jobs worldwide. In addition, significant cuts in the production network…
BASF plans to cut 2,600 jobs worldwide
Ludwigshafen After a significant drop in earnings last year and high burdens from the energy crisis, BASF is cutting 2,600 jobs worldwide. In addition, significant cuts in the production network…
BASF plans to cut 2,600 jobs worldwide
BASF The chemical company presented its figures for the 2022 financial year in Ludwigshafen on Friday. (Photo: dpa) Ludwigshafen The world’s largest chemical company BASF wants to cut 2,600 jobs…
Saori Dubourg is leaving the chemical giant
Saori Dubourg The manager was meanwhile considered a possible successor to CEO Brudermüller. (Photo: BASF SE) Frankfurt, Dusseldorf Two days before the presentation of the business figures for the past…
Saori Dubourg is leaving the chemical giant
Saori Dubourg The manager was meanwhile considered a possible successor to CEO Brudermüller. (Photo: BASF SE) Frankfurt, Dusseldorf Two days before the presentation of the business figures for the past…
Chemical group BASF also shuts down plants
BASF plant in Ludwigshafen The chemical company will probably shut down ammonia production here. (Photo: obs) Frankfurt, Dusseldorf The chemical group BASF wants to react to the high energy costs…
Chemical company also shuts down plants
BASF plant in Ludwigshafen The chemical company will probably shut down ammonia production here. (Photo: obs) Frankfurt, Dusseldorf The chemical group BASF wants to react to the high energy costs…
Chemical company also shuts down plants
Frankfurt, Dusseldorf The chemical group BASF wants to react to the high energy costs and falling margins with an extensive savings program. In addition to the savings of 500 million…
No all-clear for the industry
mine in South Africa A boom in demand meets a limited supply – this drives up commodity prices. (Photo: mauritius images / Sunshine Seeds / Alamy) Zurich, Dusseldorf High prices…
Union warns of breaking up the Bayer group
Bill Anderson, successor to CEO Baumann The controversial boss Werner Baumann will vacate the post this summer. The ex-pharmaceutical boss of Swiss rival Roche, Bill Anderson, is to take over…
How Bayer will benefit from CEO Bill Anderson
Bayer Cross in Leverkusen So far, the group has mainly filled its bosses from its own ranks. (Photo: AP) February 8, 2023 will go down in Bayer history as a…