At BASF, we create chemistry for a sustainable future. 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. Researchers worldwide are working on innovative solutions to tap alternative raw material sources and to develop climate-friendly production processes and products. 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. United States. Russia hasnt supplied any gas to Germany, one of the countries giving military and other help to Ukraine in the war, since then. 2008-2023 Sovereign Wealth Fund Institute. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. Historical foundations of a modern company: The following outline highlights 150 years of BASF corporate history. Our mis more, BASF Construction Polymers GmbH, Trostberg, Germany, is a leading innovator and producer of construction and oilfield polymers. /content/basf/www/za/en/who-we-are/sites-and-companies, /content/basf/www/za/en/who-we-are/sites-and-companies/germany. Visitor Center 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. Network. Z078 - 0206 Ludwigshafen, Germany sascha.vukojevic@basf.com 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. Investigators have described them as an act of sabotage, but have not said who they think might be responsible. 38, 67056 Ludwigshafen, Germany. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News. BASF is the worlds leading chemical company headquartered in Germany. Pedestrian traffic only during opening hours. As the world's leading chemical company, we combine economic success with environmental protection and social responsibility. 67056 Ludwigshafen. We will be in touch soon. BASF generated sales of 78.6 billion in 2021. 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. In January, the company entered into an agreement with Eramet to invest in a nickel smelting facility in Indonesia. The pipeline transported natural gas from Russia to Germany until the end of August. 67056 Ludwigshafen our Subscriber Agreement and by copyright law. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Every working day, more than 50,000 employees across Germany make their way to work at BASF. 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. 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. BASF SE To use all functions of this page, please activate cookies in your browser. BASF carries out R&D in alliance with global customers, scientists and partners. History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events. 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 HS 28 - Inorganic chemicals; organic and inorganic compounds of precious metals; of rare earth metals, of radio-active elements and of isotopes. Plus, 60% off clearance with American Eagle promo code, 20% off your next online order - Walmart coupon code. Brazil, Phone: +55 11 2039-2273E-mail: industrial-formulators-sa@basf.com, BASF SEHome Care, I&I and Industrial Formulators EuropeCarl-Bosch-Strae 38. 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 basf se Animal Nutrition, Europe Chemiestrasse 22 68623 Lampertheim Germany +49-621 60-28073 By using our services, you agree to our use of cookies. 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 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, 4 a.m. 67056 Ludwigshafen. It covers key commercial, geological, and technical attributes of assets and analysis of developments. 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 All rights reserved. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. 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. BASF SE - Company Profile and News - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Asia Bloomberg Daybreak Asia. Directions to BASF Here you can find all addresses and directions to the Ludwigshafen site and surroundings. Data by Location. Russia hasn't supplied any gas to Germany, one of the countries giving military and other help to Ukraine in the war, since then. How can we support you? Germany. No vehicle traffic. HQ. There was an error. Sun. In September 1913, the first industrial-scale ammonia production plant came on stream at BASF in Ludwigshafen. Website available. Due to construction work (Brunckstrae) currently no regular opening hours. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Job cuts at Microsoft, Bad Buzz for Tesla: MarketSc.. North American Morning Briefing: More Earnings, -2-. BASF is headquartered in Ludwigshafen, Germany. Top HS Codes. Fax Information available as an option. Already a member? -. 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 SE (BASF) is a chemical company. This figure represents roughly half of all BASF staff around the world, with the majority working at our headquarters in Ludwigshafen. BASF SE - Ludwigshafen, Germany BASF SE Show phone number Show fax number Show website Carl-Bosch-Str. Carl-Bosch-Str. Industrial implementation of the ammonia synthesis - How does it work? Live from New York and Hong Kong, 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.. First Name. 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. Address. Ludwigshafen am Rhein. 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. 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. Carl-Bosch-Str. 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. At BASF, we create chemistry - and have been doing so for 150 years. BASF in Germany Every working day, more than 50,000 employees across Germany make their way to work at BASF. Open a newChase Private ClientChecking account and get a $2000 bonus! 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.. Undersea explosions damaged Nord Stream 1 in September. All steps are explained in this flyer you can download here. 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. https://www.wsj.com/articles/germanys-basf-to-swing-to-loss-on-russia-related-impairment-11674042754. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. Cookies help us deliver our services. Read more. 38 67056 Ludwigshafen Germany Request information now Profile At BASF, we BASF SE (BASF SE) is a Company located in Ludwigshafen Germany, Europe. 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. 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. Discover Performance Polymers! You may cancel your subscription at anytime by calling Call the company. It has presence in Europe, Asia Pacific, South America, Africa, the Middle East and North America. Contact. BASF SE, Ludwigshafen, Germany, District Court of Ludwigshafen a.Rhein HRB 6000: Earnings, Revenue, Public funding, Patents, Network, Financial information After the Continue reading your article witha WSJ membership, Already a member? This copy is for your personal, non-commercial use only. 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). 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. /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. For non-personal use or to order multiple copies, please contact The headquarters of this business will be in Singapore. 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. Errors are noted below: Thanks for reaching out. Russian TV Touts a Big Victory in Ukraine. Fax: +49 5443 12 2201. BASF SE Company Number T3104V_HRB6000 Native Company Number Ludwigshafen a.Rhein (Ludwigshafen) HRB 6000 Status Currently Registered Jurisdiction 38, Ludwigshafen Am Rhein, 67056 Website www.basf.com Telephone 49 621 600 No of Read what you need to know about our industry portal chemeurope.com. 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. Headquarters Germany Address Carl-Bosch-Str.

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