Tag: chemistry
Profit collapses because of Nord Stream 2
BASF The chemical company’s profit fell by almost 29 percent in the first quarter. (Photo: dpa) Frankfurt A billion-dollar write-down on the majority stake in Wintershall Dea brought the chemical…
Chemical company has to write off 2 billion because of Nord Stream
BASF The chemical company’s profit fell by almost 29 percent in the first quarter. (Photo: dpa) Frankfurt A billion-dollar write-down on the majority stake in Wintershall Dea brought the chemical…
What risks the economy has to deal with in the Ukraine war
Dusseldorf Rising energy prices, scarcity of raw materials, interrupted supply chains – the war in Ukraine poses a challenge for most German companies. Many companies have already adjusted their profit…
Chemical industry praises the government – and criticizes economists
Wacker-Chemie boss Christian Hartel at the Handelsblatt chemistry conference The chemical manager warns of the consequences of a gas delivery stop. (Photo: WILLI NOTHERS) Dusseldorf In the debate about a…
Syngenta boss calls for greater use of genetic engineering
Syngenta greenhouse in stone A relaxation of the regulations for the use of genetic engineering could open up new growth prospects for the group. (Photo: Keystone Switzerland/laif) Zurich, Dusseldorf The…
These industries would be affected by a gas supply stop
Glass production in Mitterteich Many plants that are required for the production of gas have to remain in operation at all times. A gas supply stop could lead to irreparable…
Energy supply: Gas embargo – The economy needs clear announcements
Aerial view of the Leuna Chemical Park The East German chemical site is supplied with Russian gas directly via a pipeline. (Photo: dpa) Save yourself if you can – this…
Employers and IG BCE adjourn negotiations
Chemical plants in Cologne The IG BCE made its demands two days before the start of the Ukraine war. (Photo: imago images/Future Image) Berlin In the first round of collective…
Industry expects sales to drop and warns of gas embargo
Dusseldorf The war in Ukraine led to a sudden change of mood in the German chemical industry. Just a few weeks ago, the industry was expecting further growth this year.…
Industry expects sales to drop and warns of gas embargo
BASF chemical plant in Ludwigshafen Large quantities of natural gas are required at the chemical company’s home site. (Photo: obs) Dusseldorf The war in Ukraine led to a sudden change…
Eurochem wants to continue delivering after the end of the oligarchs
Andrei Melnichenko What will happen to the oligarch’s Eurochem stake remains unclear. (Photo: Bloomberg) Dusseldorf It was to be a special year for Eurochem. In 2021, the Swiss fertilizer manufacturer…
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…
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…
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…
Fertilizer manufacturers are curbing production: there is a risk of losses in harvests
Dusseldorf Because of the crushingly high price of natural gas, the first major manufacturers of fertilizers are reducing their production. The European market leader in nitrogen fertilizers, the Yara Group…
Industry calls for state aid because of high energy costs
chemicals, textiles and steel Many companies from energy-intensive industries fear for their business model. (Photo: dpa/Getty Images (M)) Dusseldorf The dramatic increase in energy prices as a result of the…
Industry calls for state aid because of high energy costs
chemicals, textiles and steel Many companies from energy-intensive industries fear for their business model. (Photo: dpa/Getty Images (M)) Dusseldorf The dramatic increase in energy prices as a result of the…
That’s how dependent Germany is on oil from Russia
Leuna refinery The factory in Saxony-Anhalt is directly dependent on oil from Russia. (Photo: dpa) Dusseldorf Considerations are in full swing in German energy companies: How can oil from Russia…
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…
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…