USA, E-mail: industrial-formulators-na@basf.com, BASF S.A.Avenida das Nacoes Unidas14.171, Morumbi, So Paulo SP. 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. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. BASF has appointed Dr. Achim Sties to lead the global plastic additives business unit effective January 1, 2023. The visualizations for "BASF SE, Ludwigshafen, Germany", Carl-Bosch-Str. In September 1913, the first industrial-scale ammonia production plant came on stream at BASF in Ludwigshafen. https://www.wsj.com/articles/germanys-basf-to-swing-to-loss-on-russia-related-impairment-11674042754. It covers key commercial, geological, and technical attributes of assets and analysis of developments. $ + tax BASF said that the Russian participations of Wintershall Dea have been re-evaluated and write-downs on the European gas transportation business have been made, including a complete write-down on the participation in Nord Stream AG.. Sun. 4 a.m. He began his career w > more, BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022. 141 Englehard Rd. SWFI is a minority-owned organization. /content/basf/www/global/en/who-we-are/organization, /content/basf/www/global/en/who-we-are/organization/locations, /content/basf/www/global/en/who-we-are/organization/locations/europe, /content/basf/www/global/en/who-we-are/organization/locations/europe/german-sites, /content/basf/www/global/en/who-we-are/organization/locations/europe/german-sites/ludwigshafen, /content/basf/www/global/en/who-we-are/organization/locations/europe/german-sites/ludwigshafen/the-site, /content/basf/www/global/en/who-we-are/organization/locations/europe/german-sites/ludwigshafen/the-site/location-and-contact. No affiliation or endorsement, express or implied, is provided by their use. HQ. Current research projects and examples of innovation for vario more. As the world's leading chemical company, we combine economic success with environmental protection and social responsibility. Sovereign Investor Leadership Conference March 2023, Carl-Bosch-Strasse 38, Ludwigshafen, 67056, Germany. Effective September 15th, 2020, BASF Ludwigshafen will use a new application to dispatch trucks at gate 15. The Haber-Bosch process for ammonia synthesis, which was first successfully operated at BASF Ludwigshafen in September 1913, was the decisive step into the age of mineral fertilize more, BASF-YPC Company Limited is a large scale petrochemical 50:50 joint venture between BASF and Sinopec. In January, the company received the ExxonMobil technology qualification for its Durasorb Cryo-HRU technology. SEWOGE Service- und Wohnungsunternehmen GmbH. 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. basf se Animal Nutrition, Europe Chemiestrasse 22 68623 Lampertheim Germany +49-621 60-28073 Call the company. It has presence in Europe, Asia Pacific, South America, Africa, the Middle East and North America. BASF SE Company Number T3104V_HRB6000 Native Company Number Ludwigshafen a.Rhein (Ludwigshafen) HRB 6000 Status Currently Registered Jurisdiction Industrial implementation of the ammonia synthesis - How does it work? BASF is headquartered in Ludwigshafen, Germany. Phone: +49 5443 12 0. Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. Directions to BASF Here you can find all addresses and directions to the Ludwigshafen site and surroundings. Global markets live: BASF, United Airlines, Microsoft, Pfizer, Apple.. Deutsche Bank Research rates BASF a 'Buy' - Target 60 euros, BASF investors absorb high loss - dividend probably safe. 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. Customer Service. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Access comprehensive information on global active, upcoming , decommissioned, and cancelled petrochemical complexes/plants. For more information contact our PU Infopoint! 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. There was an error. Have you found what you were looking for? Sign In. Ludwigshafen site (detailed plan) BASF Agricultural Center Limburgerhof BASF This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. Carl-Bosch-Strae 38. Researchers worldwide are working on innovative solutions to tap alternative raw material sources and to develop climate-friendly production processes and products. 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. 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. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations The company will increase production capacity to approximately 600,000 metric tons per year by the middle of > more, At BASF, innovation and sustainability are inextricably linked. Pedestrian traffic only during opening hours. 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. BASF SE Polymer Dispersions for Construction Europe E-EDK//BB - H201 Carl-Bosch-Strasse 38 67056 Ludwigshafen, Germany Send email HS 29 - Organic chemicals. Already a member? Address. Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. The unit's CEO, Mario Mehren, said in a statement that continuing to operate in Russia is not tenable., Russias war of aggression in Ukraine is incompatible with our values and has destroyed cooperation between Russia and Europe, he added. Due to construction work (Brunckstrae) currently no regular opening hours. Access comprehensive data and analysis of global upstream assets. BASF SE Home Care, I&I and Industrial 67056 Ludwigshafen. The headquarters of this business will be in Singapore. Real-time Estimate Tradegate 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 Explore IT infrastructure categories, solution and product/service areas deployed by a prospect. our Subscriber Agreement and by copyright law. 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. In January, the company acquired ASL, an innovative melon breeding company. China, Phone: +55 11 2039-2273Fax: +852 273 49648E-mail: industrial-formulators-sa@basf.com. BASFs forecast, based on preliminary figures, is considerably below analysts forecast of a EUR4.77 billion profit, the company said. Access key information on FPSOs/FSO vessels globally. For non-personal use or to order multiple copies, please contact Find out more about the company LUMITOS and our team. Contact information for Basf Se 67056 Ludwigshafen Germany. Opening hours: Bring us your ideas and we turn them into reality together! Current research projects and examples of innovation for vario > more. Headquarters Germany Address Carl-Bosch-Str. BASF SE - Company Profile and News - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Asia Bloomberg Daybreak Asia. Customer Service. Phone (please also write country code) BASF SE. Carl-Bosch-Strae 38. 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. /content/basf/www/za/en/who-we-are/sites-and-companies, /content/basf/www/za/en/who-we-are/sites-and-companies/germany. Our product portfolio for construction chemicals consists of superplasticizers, dispersants, plasticizers, rheology modifying agents, stabilizers, defoamers and ai more. BASF is headquartered in Ludwigshafen, Germany. 1997-2023 LUMITOS AG, All rights reserved. Elastogranstrae 60. 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. 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. United States. BASF SE (Ludwigshafen, Germany) has announced an investment in the capacity expansion of polymer dispersions at its production site in Merak, Indonesia. Investigators have described them as an act of sabotage, but have not said who they think might be responsible. Financial development. 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 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 Live from New York and Hong Kong, Germany. BASF said that the Russian participations of Wintershall Dea have been re-evaluated and write-downs on the European gas transportation business have been made, including a complete write-down on the participation in Nord Stream AG.. The pipeline transported natural gas from Russia to Germany until the end of August. Follow AP's coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine, Copyright 2023 The Associated Press. He also pointed to restrictions imposed by the Russian government on the operations of Western countries and external interferences in our joint venture operations.. 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