7.30 p.m. to Sat. 49448 Lemfrde. At BASF, we create chemistry - and have been doing so for 150 years. Ask for information. We will be in touch soon. The headquarters of this business will be in Singapore. Fax: +49 5443 12 2201. BASF SE (Ludwigshafen, Germany) has announced an investment in the capacity expansion of polymer dispersions at its production site in Merak, Indonesia. HS 29 - Organic chemicals. It carries out the production, marketing and sales of chemicals, plastics, crop protection products, and performance products. 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 https://www.wsj.com/articles/germanys-basf-to-swing-to-loss-on-russia-related-impairment-11674042754. Real-time Estimate Tradegate Top HS Codes. 1997-2023 LUMITOS AG, All rights reserved. Midstream database provides details on global active, upcoming , decommissioned, and cancelled oil & gas pipelines, LNG regasification and liquefaction terminals, liquid storage terminals, underground gas storage facilities, and gas processing plants. Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. HS 28 - Inorganic chemicals; organic and inorganic compounds of precious metals; of rare earth metals, of radio-active elements and of isotopes. Sign In. 38 67056 Ludwigshafen Germany Request information now Profile At BASF, we Researchers worldwide are working on innovative solutions to tap alternative raw material sources and to develop climate-friendly production processes and products. 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 Website available. China, Phone: +55 11 2039-2273Fax: +852 273 49648E-mail: industrial-formulators-sa@basf.com. Due to construction work (Brunckstrae) currently no regular opening hours. Elastogranstrae 60. 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. Russia hasn't supplied any gas to Germany, one of the countries giving military and other help to Ukraine in the war, since then. Every working day, more than 50,000 employees across Germany make their way to work at BASF. Greta Thunberg Released After German Police Detained Her at Coal Mine Protest, A Crypto Magnate Saw the Risks and Still Was Hammered, Surveillance Program on Money Transfers Raises Privacy Concerns, Opinion: Water Is a Terrible Thing for California to Waste, Opinion: Biden Gives a Boost to Schoolyard Bullies, Opinion: Big News About a Smaller Chinese Population, Opinion: The Government Debt Threat Keeps Mounting. Phone: +49 621 60-0 Fax: +49 621 60-42525 E-mail: industrial-formulators-eu@basf.com. Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations He also pointed to restrictions imposed by the Russian government on the operations of Western countries and external interferences in our joint venture operations.. 67056 Ludwigshafen Phone: +49 5443 12 0. (SPACs), Transportation, Infrastructure & Logistics. Financial development. (if applicable) for The Wall Street Journal. Last Name. Errors are noted below: Thanks for reaching out. 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. To use all functions of this page, please activate cookies in your browser. 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. 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.. Request Profile Update Download Data 2 Recorded Transactions Home Profiles Company Europe BASF SE Climate Activist Greta Thunberg Detained in Germany During Coal Mine Protest, Fed Talks: A Conversation With St. Louis Fed President James Bullard, Watch: California Floods Leave Behind Washed Away Houses, Submerged Cars, Why the FTC Says Noncompete Clauses Are Hurting the Economy. 2008-2023 Sovereign Wealth Fund Institute. Improve competitive bidding with insights into all publicly disclosed IT services contracts for BASF SE (including IT outsourcing, business process outsourcing, systems integration & consulting and more). With an accout for my.chemeurope.com you can always see everything at a glance and you can configure your own website and individual newsletter. Investigators have described them as an act of sabotage, but have not said who they think might be responsible. Germany's BASF and French miner Eramet are finalising a $2.6 billion partnership deal to invest in a facility in Indonesia to process nickel for use in batteries for electric vehicles, Visitor Center Contact information for Basf Se Address D67056 LUDWIGSHAFEN GERMANY Top HS Codes HS 74 - Copper and articles thereof HS 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof See more goods shipped on Panjiva Recent Panjiva Research about Basf Se Hapag-Lloyd upgrades as Brazil, U.S. operations continue to struggle Carl-Bosch-Strae 38. HQ. Here you can find all addresses and directions to the Ludwigshafen site and surroundings. Global Oilfield Chemicals Contact Us. 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. Access key information on FPSOs/FSO vessels globally. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. BASF SE (BASF) is a chemical company. It covers key commercial, geological, and technical attributes of assets and analysis of developments. BASF generated sales of 78.6 billion in 2021. Click here For you, we combine cutting-edge solutions with established expertise. Install Base provides a holistic and a granular view of the IT product/service deployments from leading vendors. BASF Performance Materials: Together with you, our inspired team creates the solutions of tomorrow. Our product portfolio for construction chemicals consists of superplasticizers, dispersants, plasticizers, rheology modifying agents, stabilizers, defoamers and ai more. BASF SE - Ludwigshafen, Germany BASF SE Show phone number Show fax number Show website Carl-Bosch-Str. BASF Corporation100 Park Avenue07932 Florham Park, NJ. Germany. Follow APs coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine, Connect with the definitive source for global and local news. Russia hasnt supplied any gas to Germany, one of the countries giving military and other help to Ukraine in the war, since then. In January, the company entered into an agreement with Eramet to invest in a nickel smelting facility in Indonesia. Currently, you are not logged in to my.chemeurope.com. The headquarters of this business will be in Singapore. Explore IT infrastructure categories, solution and product/service areas deployed by a prospect. 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. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News. Continue reading your article witha WSJ membership, Already a member? BTC Europe GmbH SEWOGE Service- und Wohnungsunternehmen GmbH. 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. In January, the company received the ExxonMobil technology qualification for its Durasorb Cryo-HRU technology. Cookies help us deliver our services. BASF in Germany Every working day, more than 50,000 employees across Germany make their way to work at BASF. 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. Copyright 2023 Surperformance. Read what you need to know about our industry portal chemeurope.com. Add to dossier (if available): History. All rights reserved. Find out more about the company LUMITOS and our team. Therefore, you can remember a maximum of 5 contents. 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.. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Our mis more, BASF Construction Polymers GmbH, Trostberg, Germany, is a leading innovator and producer of construction and oilfield polymers. BASF @ K 2022 Visit our Website! Learn more. Carl-Bosch-Str. For more information contact our PU Infopoint! View all 1,352 bills of lading and manifests for BASF Se located in Rhineland-Palatinate, Germany filed between Apr 4th, 2019 and Dec 13th, 2022. He began his career w more, BASF breaks ground on MDI capacity expansion project at Geismar site, 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. 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. Researchers worldwide are working on innovative solutions to tap alternative raw material sources and to develop climate-friendly production processes and products. Shareholdings: Colors & Effects UK Ltd., Basf Business Services Holding Ltd. Global Oilfield Chemicals D 105. United States. Already a member? You may cancel your subscription at anytime by calling .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Contact - BASF SE. There was an error. Germanys 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 Moscows invasion of Ukraine. 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. Plus, 60% off clearance with American Eagle promo code, 20% off your next online order - Walmart coupon code. 67056 Ludwigshafen. Historical foundations of a modern company: The following outline highlights 150 years of BASF corporate history. 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. No vehicle traffic. /content/basf/www/za/en/who-we-are/sites-and-companies, /content/basf/www/za/en/who-we-are/sites-and-companies/germany. From start-ups to market leaders, uncover what they do andhow they do it. Germany. 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. 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 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. Customer Service. Address. 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. Live from New York and Hong Kong, BASF SE Home Care, I&I and Industrial 67056 Ludwigshafen. 38, Ludwigshafen Am Rhein, 67056 Website www.basf.com Telephone 49 621 600 No of After putting a stop to new projects in Russia following the start of the invasion last year, oil-and-gas producer Wintershall Dea AG, where BASF is a majority shareholder, now plans to fully leave Russia, it said. Open a newChase Private ClientChecking account and get a $2000 bonus! Discover Performance Polymers! -. Sun. Job cuts at Microsoft, Bad Buzz for Tesla: MarketSc.. North American Morning Briefing: More Earnings, -2-. BASF is the worlds leading chemical company headquartered in Germany. Call the company. For non-personal use or to order multiple copies, please contact 67056 Ludwigshafen. More than 30 Group companies belongs to the BASF SE located in Ludwigshafen. BASF SE (BASF SE) is a Company located in Ludwigshafen Germany, Europe. At BASF, we create chemistry for a sustainable future. Opening hours: 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. 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 Contact information for Basf Se 67056 Ludwigshafen Germany. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. 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. We are delighted that you'd like to resume your subscription. Germany. North American Morning Briefing: More Earnings, Retail S.. BASF says stands by goal to take Wintershall Dea public, Basf: ipo of wintershall dea is hardly feasible under current ci, BASF SE : Receives a Buy rating from Deutsche Bank, BASF SE : Gets a Buy rating from Baader Bank. BASF SE Chemicals and Fertilizers / Corporate Finance / Global / Europe / Germany EU Issued, UK Endorsed; Solicited by or on behalf of the issuer (sell side) ESG RELEVANCE Contents 00 Back to Top 01 Ratings 02 Rating Actions 03 04 Sector Outlooks 05 Securities and Obligations 06 Fitch Adjusted Financials 07 Disclosures 08 Identifiers 09 Criteria No affiliation or endorsement, express or implied, is provided by their use. By using our services, you agree to our use of cookies. Data by Location. 38 Russian TV Touts a Big Victory in Ukraine. BASF SE (BASF SE) is a Company located in Ludwigshafen Germany, Europe. This includes key information on fields, wells and blocks. 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 Its product line comprises solvents, adhesives, surfactant, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. Undersea explosions damaged Nord Stream 1 in September. A BASF chemical plant in Ludwigshafen, Germany. The pipeline transported natural gas from Russia to Germany until the end of August. Fax Information available as an option. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. BASF SE, Ludwigshafen, Germany, District Court of Ludwigshafen a.Rhein HRB 6000: Earnings, Revenue, Public funding, Patents, Network, Financial information After the BASFs forecast, based on preliminary figures, is considerably below analysts forecast of a EUR4.77 billion profit, the company said. E $ + tax BASF SE Company Number T3104V_HRB6000 Native Company Number Ludwigshafen a.Rhein (Ludwigshafen) HRB 6000 Status Currently Registered Jurisdiction 38. On the Ground, Its More Complicated. 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. Effective September 15th, 2020, BASF Ludwigshafen will use a new application to dispatch trucks at gate 15. BASF SE - Company Profile and News - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Asia Bloomberg Daybreak Asia. BASF Ludwigshafen Grundbesitz SE & Co. KG. 4 a.m. Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. The units 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. basf se Animal Nutrition, Europe Chemiestrasse 22 68623 Lampertheim Germany +49-621 60-28073 BASF SE, Ludwigshafen, Germany, District Court of Ludwigshafen a.Rhein HRB 6000: Earnings, Revenue, Public funding, Patents, Network, Financial information After the creation of the dossier is completed, it will be sent to your email address . Current research projects and examples of innovation for vario more. 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. 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