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1,370 Current news of BASFrss
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Important milestone in the development of the company’s US$10 billion investment project
On May 30, BASF kicked off the piling work of the first plants of its smart Verbund project in Zhanjiang, Guangdong, China. This came as another important milestone in the development of the company’s US$10 billion investment project since its official commencement in November 2019. The first ...
Average annual investment of at least €1.5 billion until 2025
The company management and employee representatives at BASF SE signed a new site agreement. Entitled “Living the new BASF together!”, the agreement applies to the approximately 34,000employees of BASF SE at the Ludwigshafen site. It will run for five and a half years (from June1,2020 until ...
High uncertainty about future economic developments in 2020
BASF Group’s sales in the first quarter of 2020 increased by 7percent compared with the prior-year quarter to €16.8billion. This was mainly driven by a 4percent increase in volumes. Income from operations (EBIT) before special items was €1.6billion, down by 6percent compared with the first ...
Create new value for plastics to tackle global challenge
Security Matters, Ltd and BASF sign a binding joint development agreement to develop solutions for plastics traceability and circularity. Plastics, with unique characteristics and when used properly, contribute to a more sustainable and resource efficient future. However, to move towards a ...
Fortum, BASF, and Nornickel have signed a letter of intent to plan a battery recycling cluster in Harjavalta, Finland, serving the electric vehicle market. This would enable a successful “closed loop” cycle to re-use the critical metals present in used batteries. Using metals from recycled ...
Impacts from coronavirus expected
BASF generated sales of €59.3 billion in the 2019 business year; the slight decline in sales compared with the previous year resulted from lower volumes and prices. Income from operations (EBIT) before special items was €4.5billion, down by €1.7billion from the prior-year level as a result of ...
By 2030, BASF wants to increase the proportion of women in leadership positions to 30percent worldwide. At the end of 2019, the proportion of female managers was 23.0percent (2018: 21.7percent). In 2015, BASF had set itself the target of increasing the proportion of women in leadership roles ...
BASF is announcing a new battery materials production site in Schwarzheide, Germany, as part of its multi-step investment plan to support the European electric vehicle (EV) value chain. This state-of-the art plant will produce cathode active materials (CAM) with an initial capacity enabling the ...
Batteries for stationary storage of electricity from renewable energy sources
JenaBatteries GmbH and BASF are cooperating in the production of an electrolyte for a battery technology that is particularly suitable for stationary storage of electricity from renewable energy sources and for stabilizing conventional transmission grids. JenaBatteries, which has developed this ...
As already announced at the end of 2018, BASF will proceed with expanding global capacities for methane sulfonic acid (MSA) to 50,000 metric tons per year. This involves a higher double-digit million euro investment in constructing a new methane sulfonic acid plant at the Ludwigshafen site. The ...