As the world's leading chemical company, we combine economic success with environmental protection and social responsibility. Headquarters Germany Address Carl-Bosch-Str. All rights reserved. Germany. GERMANY. Ludwigshafen am Rhein. BASFs forecast, based on preliminary figures, is considerably below analysts forecast of a EUR4.77 billion profit, the company said. Discover Performance Polymers! He also pointed to restrictions imposed by the Russian government on the operations of Western countries and external interferences in our joint venture operations.. The German chemicals giant said Tuesday that it expects to book EUR5.4 billion of the total impairment in the fourth quarter of 2022, swinging to a net loss of EUR1.38 billion from a 2021 profit of EUR5.52 billion. BERLIN (AP) Germany-based chemicals maker BASF says it is taking some 7.3 billion euros ($7.9 billion) in write-downs related to the exit from Russia of its Wintershall Dea Attapulgus. Contact information for Basf Se 67056 Ludwigshafen Germany. Its portfolio is organized into six segments: Chemicals, Materials, Industrials Solutions, Surface Technologies, This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of the decade to support the ongoing growth of its North American MDI He also pointed to restrictions imposed by the Russian government on the operations of Western countries and external interferences in our joint venture operations.. Germany. At BASF, we create chemistry - and have been doing so for 150 years. BASF Corporation100 Park Avenue07932 Florham Park, NJ. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. BASF carries out R&D in alliance with global customers, scientists and partners. Improve competitive bidding with insight into all publicly disclosed IT software contracts by IT solutions areas for BASF SE (including Enterprise applications, IT Security, Information Management, Cloud Computing, IoT and more). BTC Europe GmbH The headquarters of this business will be in Singapore. Great that you want to get in touch with us! BASF SE our Subscriber Agreement and by copyright law. Find out more about the company LUMITOS and our team. Read more. Germany, Phone: +49 2173 33 47-0Fax: +49 2173 33 47-211www.btc-europe.com, BASF East AsiaRegional Headquarters Ltd.45/F Jardine House1 Connaught PlaceCentral Hong Kong. Learn more. BERLIN (AP) Germany-based chemicals maker BASF says it is taking some 7.3 billion euros ($7.9 billion) in write-downs related to the exit from Russia of its Wintershall Dea gas and oil subsidiary. Follow AP's coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine, Copyright 2023 The Associated Press. Wintershall Dea has a 15.5% stake in the operator of the Nord Stream 1 pipeline that runs under the Baltic Sea, which is majority-owned by Russia's Gazprom. Germany-based chemicals maker BASF says it is taking some 7.3 billion euros ($7.9 billion) in write-downs related to the exit from Russia of its Wintershall Dea gas and oil subsidiary. BASF in Germany Every working day, more than 50,000 employees across Germany make their way to work at BASF. Global Oilfield Chemicals Contact Us. Germany's BASF SE expects to post a net loss for 2022 after booking impairments worth 7.3 billion euros ($7.90 billion) from the deconsolidation of Russian exploration and production activities after Moscow's invasion of Ukraine. Sign Up For KORSVIP + Get 10% Off your first purchase w/ Michael Kors Promo Code, Today's JCPenney coupon code - 30% off entire purchase, Get 20% off with online Target promo code, Get Free delivery when you sign up for emails - TJ Maxx Code, 4-Day Sale starts now! BERLIN (AP) Germany-based chemicals maker BASF says it is taking some 7.3 billion euros ($7.9 billion) in write-downs related to the exit from Russia of its Wintershall Dea gas and oil subsidiary. Here you can find detailed information about our products and solutions. Data by Location. China, Phone: +55 11 2039-2273Fax: +852 273 49648E-mail: industrial-formulators-sa@basf.com. Follow APs coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine, Connect with the definitive source for global and local news. Get up to 60% off TVs, laptops and more, Macy's coupon - Sign up to get 25% off next order. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. It has presence in Europe, Asia Pacific, South America, Africa, the Middle East and North America. All rights reserved. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of more, Small but powerful microorganisms contribute to greater sustainability at BASF, At BASF, innovation and sustainability are inextricably linked. HS 39 - Plastics and articles thereof. Russia hasn't supplied any gas to Germany, one of the countries giving military and other help to Ukraine in the war, since then. Carl-Bosch-Strae 38. At BASF, we create chemistry for a sustainable future. BASF Ludwigshafen Grundbesitz SE & Co. KG. Fax Information available as an option. Access more premium companies when you subscribe to Explorer, Contact the team or request a demo to find out how our data can drive your business forward, Access in-depth analysis, premium industry data, predictive signals, and more on, Transportation, Infrastructure and Logistics, Top 10 Chemical Companies in the World in 2021 by Revenue, Top 10 European Automotive Suppliers in 2021 by Revenue, Top 10 Automotive Suppliers in the World in 2021 by Revenue, Top 10 Agricultural Products Companies in the World in 2021 by Revenue, Carl-Bosch-Str. It said that is expected to push it to a full-year net loss of nearly 1.38 billion euros, compared with a profit of more than 5.5 billion euros in 2021. Ludwigshafen site (detailed plan) BASF Agricultural Center Limburgerhof BASF From start-ups to market leaders, uncover what they do andhow they do it. Parent company BASF said in its preliminary 2022 earnings statement that it was taking charges on its holding in Wintershall Dea totaling about 7.3 billion euros, 5.4 billion euros of them in the fourth quarter of last year. Bring us your ideas and we turn them into reality together! Call the company. Shareholdings: Colors & Effects UK Ltd., Basf Business Services Holding Ltd. 67056 Ludwigshafen. (SPACs), Transportation, Infrastructure & Logistics. BERLINGermanys chemicals giant BASF SE said it would take a roughly 7.3-billion-euro hit, equivalent to about $7.9 billion, from the exit of its energy unit from Russia and USA, E-mail: industrial-formulators-na@basf.com, BASF S.A.Avenida das Nacoes Unidas14.171, Morumbi, So Paulo SP. Sun. BERLINGermanys chemicals giant BASF SE said it would take a roughly 7.3-billion-euro hit, equivalent to about $7.9 billion, from the exit of its energy unit from Russia and that it expects a net loss for 2022 in the latest major corporate fallout from the war in Ukraine. Germanys BASF to Post 2022 Loss on $7.90 Billion Impairment - WSJ Venture Capital More Business Video Journal Report Business Podcast Space & Science Tech Sections Wintershall Dea has a 15.5% stake in the operator of the Nord Stream 1 pipeline that runs under the Baltic Sea, which is majority-owned by Russias Gazprom. Request Profile Update Download Data 2 Recorded Transactions Home Profiles Company Europe BASF SE 67056 Ludwigshafen Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations Historical foundations of a modern company: The following outline highlights 150 years of BASF corporate history. Pedestrian traffic only during opening hours. More than 30 Group companies belongs to the BASF SE located in Ludwigshafen. 03925319, Artificial Intelligence: Leading Technology Companies, Cybersecurity: Leading Technology Companies, Electric Vehicles: Leading Technology Companies, Strategic Alliances Announced in Last 12 Months, Special Purpose Acquisition Corps. This figure represents roughly half of all BASF staff around the world, Real-time Estimate Tradegate BASF generated sales of 78.6 billion in 2021. Phone: +49 5443 12 0. Russia hasnt supplied any gas to Germany, one of the countries giving military and other help to Ukraine in the war, since then. All Rights Reserved. It carries out the production, marketing and sales of chemicals, plastics, crop protection products, and performance products. BASF SE Home Care, I&I and Industrial 67056 Ludwigshafen. Read what you need to know about our industry portal chemeurope.com. Job cuts at Microsoft, Bad Buzz for Tesla: MarketSc.. North American Morning Briefing: More Earnings, -2-. BASF is headquartered in Ludwigshafen, Germany. Achim Sties appointed new Senior Vice President of BASF plastic additives, BASF has appointed Dr. Achim Sties to lead the global plastic additives business unit effective January 1, 2023. Global markets live: BASF, United Airlines, Microsoft, Pfizer, Apple Europe's Cooling Inflation Heats Up Trading In DAX On Wednesday Midday, Study: Only a few German stocks create high value for investors. You need more than just a product to solve your challenges. You will be notified in advance of any changes in rate or terms. In January, the company received the ExxonMobil technology qualification for its Durasorb Cryo-HRU technology. The company serves a wide range of industries including construction, furniture and wood, agriculture, electronics and electrical, paints and coatings, automotive, home care, nutrition, chemicals and others. Our product portfolio for construction chemicals consists of superplasticizers, dispersants, plasticizers, rheology modifying agents, stabilizers, defoamers and ai more. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. This includes key information on fields, wells and blocks. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. HS 28 - Inorganic chemicals; organic and inorganic compounds of precious metals; of rare earth metals, of radio-active elements and of isotopes. BASF SE (BASF) is a chemical company. 67056 Ludwigshafen. With a total investment amounting to USD 2.9 billion, its IPS (Integrated Petrochemical Site) I Project was started in September 2001 and put into commercial operation in June 2005. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. To use all functions of this page, please activate cookies in your browser. Parent company BASF said in its preliminary 2022 earnings statement that it was taking charges on its holding in Wintershall Dea totaling about 7.3 billion euros, 5.4 billion euros of them in the fourth quarter of last year. Environmental protection and social responsibility activate cookies in your browser Agricultural Solutions as the world, Real-time Tradegate! We create chemistry for a sustainable future us your ideas and we them. Turn them into reality together the Russian government on the operations of Western countries and external interferences in joint... And ai more to know about our products and Solutions Every working,! 150 years in January, the Middle East and North America with environmental protection social! 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