chemicalindustry

BASF Engages Bank of America and JPMorgan for Coatings Business Sale

8 days ago

In a significant move to streamline its operations and possibly enhance its financial standing, BASF SE, the global chemical titan, has enlisted the services of Bank of America and JPMorgan Chase to guide it through the potential sale of its coatings division. This decision, announced in recent reports, marks a strategic pivot for BASF as it seeks to focus on its core operations and respond to evolving market demands.

BASF Anticipates Earnings Growth Across Most Units in 2025

1 month ago

German chemical giant BASF SE has recently projected a notable recovery in its earnings for the year ahead, buoyed by positive trends across several of its business units. This optimistic forecast comes despite the pressures faced in 2023 due to economic uncertainties and fluctuating raw material prices, which have impacted its overall performance.

BASF Reports Significant Drop in Earnings Due to Battery Impairments and Restructuring Costs

2 months ago

In a recent financial disclosure, BASF SE, one of the world's largest chemical producers, revealed a notable decline in its earnings, primarily attributed to significant impairments in its battery business and escalated restructuring expenses. The manufacturer, headquartered in Germany, is grappling with the fallout from a combination of market pressures and strategic shifts aimed at revitalizing its core operations.

Wendel Explores $2 Billion Sale of Chemical Manufacturer Stahl

4 months ago

Investment firm Wendel is reportedly weighing the possibility of divesting its stake in the chemical maker Stahl in a deal that could reach approximately $2 billion. This strategic move underscores Wendel's ongoing assessment of its portfolio, signaling an intent to capitalize on the significant valuation of its subsidiary.

Fuel Industry Voices Concerns Over Price Hikes Without Tax Credit Stability

5 months ago

Key figures in the fuel industry have raised alarms regarding the impending rise in fuel prices, emphasizing that uncertainty surrounding federal tax credits could jeopardize future investments and lead to consumers bearing the brunt of increased costs. The warning comes at a pivotal moment as energy sectors grapple with fluctuating market demands and regulatory changes.

BASF Pursues Major Overhaul with Lower Dividend, Refocuses on Core Units

6 months ago

In the most exciting strategic about-faces, one of the world's leading chemical companies, BASF SE, announced its decision to restructure its business through cutting down on its dividend pay-outs and focusing its core operations on more productive business units. The decision is a reflection of a larger strategy of boosting profitability in the face of thin margins and streamlining operating procedures in light of unfavorable market conditions.