Basf

In a market environment shaped by economic uncertainty, Basf Group reported sales of 68.9 billion euros in the 2023 business year, compared with 87.3 billion euros in the previous year. This sales development was mainly driven by considerably lower prices and volumes...

Expected Basf Group sales for the full year 2023 of 68,902 million euros are below the range of 73 billion to 76 billion euros forecasted by the company and below average analyst estimates for 2023 (70,579 million euros). Sales in 2022 amounted to 87,327 million euros...

Effective at the end of the Annual Shareholders’ Meeting on April 25, 2024, Markus Kamieth will take over as Chairman of the Board of Executive Directors of Basf. This was decided by the Supervisory Board in its meeting on December 20, 2023. Markus Kamieth has been a member of the...

To drive the global chemical industry on a path to net-zero emissions by 2050, the Low-Carbon Emitting Technologies (LCET) initiative, incubated and hosted by the World Economic Forum for more than three years, has now officially launched as the independent Global Impact Coalition...

The board of directors of PlasticsEurope Italia, the Federchimica sector association that represents plastics manufacturers, unanimously confirmed the president Lorenzo Bottinelli (Basf) and the vice president Franco Meropiali (Versalis). “The reconfirmation honours and encourages me to continue the work begun, with the...

Basf has appointed Achim Sties to lead the global plastic additives business unit effective January 1, 2023. The headquarters of this business will be in Singapore. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. He began his career with Basf in Ludwigshafen, Germany, in 2005 and...

Basf has broken ground on the third and final phase of MDI (methylene diphenyl diisocyanate) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of the decade to...

The air purification specialist UVCclean, Germany, now uses the Basf melamine resin foam Basotect as sound absorber in its mobile airtubeUVC air filter systems. These filters use UV-C technology to lower the concentration of aerosols that transmit bacteria, spores and viruses such as the coronavirus in the air. They can be...

The air purification specialist UVCclean, Germany now uses the Basf melamine resin foam Basotect as sound absorber in its mobile airtubeUVC air filter systems. These filters use UV-C technology to lower the concentration of aerosols that transmit bacteria, spores and viruses such as the coronavirus in the air. They can be...

The first quarter of 2022 was characterized by significantly higher energy and raw materials prices as well as supply chain disruptions. “Nevertheless, we had a very good start to the year 2022,” said Martin Brudermüller, Chairman of the Board of Executive Directors of Basf, at the company’s virtual Annual Shareholders’ Meeting this year...

Basf Group significantly increased sales and earnings in the 2021 business year. “It was a strong and successful year for Basf,” said Chairman of the Board of Executive Directors, Martin Brudermüller. “We increased sales prices by 25% and volumes by 11%. All segments achieved price and volume growth in 2021,” said Brudermüller...

Basf launches a new service offering, RegXcellence, for its plastic additives customers which enables targeted access to a range of global regulatory support. RegXcellence provides digital solutions and simplifies regulatory issue management with advisory support to accelerate innovation opportunities. Basf already offers...

The strong business development of Basf continued in the third quarter of 2021. Demand for Basf’s products remained solid over the summer months. “This enabled us to continue to grow profitably,” said Basf’s Chairman of the Board of Executive Directors, Martin Brudermüller, who presented the results of the third quarter...

The Italian-based global metal packaging manufacturer Tecnocap utilizes Basf’s non-phthalate plasticizer Hexamoll Dinch BMB for sealing gaskets inside its metal closures. Sealing gaskets ensure leak-proof containers, protect products from contaminants and preserve product quality throughout a long shelf-life. The...

The new range IrgaCycle of additive solutions has been launched by Basf to address the imminent needs in plastics recycling. The plastics industry is seeking ways to incorporate higher content of recycled polymeric material in all major applications to meet sustainability goals, while facing growing consumer concerns and...

The Icis CEO of the Year Award will be presented to Martin Brudermüller, Chief Executive Officer of Basf, for outstanding achievement as voted on and recognised by his peers in the ICIS Top 40 Power Players. This prestigious global chemicals industry award will be presented to Brudermüller at the Icis Power Players Awards virtual event on...

Basf has focused the sustainable solutions of its plastic additives’ portfolio under the new global brand Valeras. Valeras bundles the company’s longtime experience, innovative solutions, and regulatory support with the aim to increase the sustainability of plastics along the entire polymer value chain. Later this year, the portfolio...

According to a contract signed by Basf and Vattenfal, the 49.5% of Vattenfall’s wind farm Hollandse Kust Zuid (HKZ) will be purchased by Basf. The purchase price amounts to 0.3 billion euros and takes into account the achieved status of the project. Including Basf’s contribution to fund the wind farm construction, Basf’s total commitment amounts…

The Japanese baby products manufacturer Zoom T is now using Basf’s Ultrason P to produce baby bottles under its Dr. Bétta brand. The polyphenylsulfone (PPSU) meets Zoom T’s strict requirements for its curved baby bottles that are safe and easy to handle. Ultrason P 3010 nat is approved for food contact and features excellent...

“We were able to carry over the tailwinds from the strong fourth quarter of 2020 into the first quarter of 2021,” said Martin Brudermüller, Chairman of the Board of Executive Directors of Basf, expressing one of the core messages to shareholders at this year virtual annual shareholders meeting. “Basf had a strong start to the year 2021...