Tag: Markus Mayer
Was Covestro so attraktiv für Abu Dhabis Adnoc macht
Düsseldorf Die anhaltenden Übernahmegerüchte überlagern auch die Halbjahresbilanz von Covestro. Statt um Details zu den Zahlen ging es bei der Vorstellung des Geschäftsberichts vielmehr um die Frage, was an den…
Why things are going badly and how the industry will continue
Dusseldorf Bad news from the chemical industry is almost the order of the day: when industry leader BASF recently issued a profit warning, the share only fell slightly. Investors had…
What BASF’s profit warning means
Dusseldorf The chemical group BASF lowers its annual targets and only expects sales of a maximum of 76 billion euros for 2023 instead of 87 billion euros. The company does…
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…
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…
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…
Wintershall’s withdrawal from Russia opens up a painful financial gap
Frankfurt, Dusseldorf With a massive write-down totaling 7.3 billion euros, the BASF Group eliminated the Russian commitment of its subsidiary Wintershall Dea from its balance sheet at the end of…
High energy costs – what Covestro, Evonik & Co. expect
chemical industry Companies fear serious consequences from expensive energy, recession and onerous regulation in 2023. (Photo: Imago) Dusseldorf Chemical managers like to use football comparisons. At the end of 2021,…
Chemical industry remains optimistic despite gas crisis
Dusseldorf This week Evonik and Brenntag, two of the leading German chemical companies, presented their quarterly results. As different as the business models of the two companies are, they share…
German industry is preparing to shut down production
Steel production at Thyssen-Krupp Above the threshold of 50 percent of the maximum requirement, steel production would probably have to be stopped. (Photo: Reuters) Dusseldorf, Frankfurt In view of the…
Industry is preparing to shut down production
Dusseldorf, Frankfurt In view of the reduced gas flows from Russia, large parts of German industry are preparing to shut down their production in an orderly manner should the supply…
German economy is bunkering for fear of delivery bottlenecks
Dusseldorf Procurement difficulties and concerns about material shortages are driving demand from manufacturers of industrial primary products such as steel, semiconductors and plastics. Numerous companies from the relevant sectors are…
How companies are exacerbating the bottlenecks
steel production After a small setback at the turn of the year, prices climbed to a new record high. (Photo: dpa) Dusseldorf, Stuttgart 19 percent more sales at BASF, 44…
How companies are exacerbating the bottlenecks
steel production After a small setback at the turn of the year, prices climbed to a new record high. (Photo: dpa) Dusseldorf, Stuttgart 19 percent more sales at BASF, 44…
Wintershall writes off billions on Russian activities
Dusseldorf The oil and gas company Wintershall Dea slipped deep into the red at the beginning of the year due to a multi-billion write-down on the Baltic Sea pipeline Nord…
Clariant postpones closing due to possible incorrect postings
Clariant headquarters in Pratteln The chemical company is investigating whether employees have posted the provisions and accruals incorrectly in order to steer the company’s results in such a way that…
You should watch out for these chemical companies in 2022
Chemical industry outlook The German chemical industry expects a further five percent growth for 2022. (Photo: PR (2), Imago (2), dpa, Getty) Dusseldorf Christian Kullmann calls chemistry the “god on…
You should watch out for these chemical companies in 2022
Chemical industry outlook The German chemical industry expects a further five percent growth for 2022. (Photo: PR (2), Imago (2), dpa, Getty) Dusseldorf Christian Kullmann calls chemistry the “god on…