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. 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). Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. The expansion is in line with the growing trend of high-quality packaging in ASEAN where key paper and board manufacturers are located. 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. 141 Englehard Rd. basf se Animal Nutrition, Europe Chemiestrasse 22 68623 Lampertheim Germany +49-621 60-28073 Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Researchers worldwide are working on innovative solutions to tap alternative raw material sources and to develop climate-friendly production processes and products. 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 Read what you need to know about our industry portal chemeurope.com. He also pointed to restrictions imposed by the Russian government on the operations of Western countries and external interferences in our joint venture operations.. Current research projects and examples of innovation for vario > more. /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. Current research projects and examples of innovation for vario more. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Fax: +49 5443 12 2201. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. $ + tax Russian TV Touts a Big Victory in Ukraine. 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. 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. Request Profile Update Download Data 2 Recorded Transactions Home Profiles Company Europe BASF SE Carl-Bosch-Str. All material subject to strictly enforced copyright laws. This figure represents roughly half of all BASF staff around the world, /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. (if applicable) for The Wall Street Journal. USA, E-mail: industrial-formulators-na@basf.com, BASF S.A.Avenida das Nacoes Unidas14.171, Morumbi, So Paulo SP. 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. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. 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. The pipeline transported natural gas from Russia to Germany until the end of August. The headquarters of this business will be in Singapore. He began his career w > more, 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. SEWOGE Service- und Wohnungsunternehmen GmbH. A BASF chemical plant in Ludwigshafen, Germany. BASF SE (BASF SE) is a Company located in Ludwigshafen Germany, Europe. Access comprehensive data and analysis of global upstream assets. 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. 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 received the ExxonMobil technology qualification for its Durasorb Cryo-HRU technology. BASF generated sales of 78.6 billion in 2021. Already a member? 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 . 2001972640 X. Great that you want to get in touch with us! Phone: +49 621 60-0 Fax: +49 621 60-42525 E-mail: industrial-formulators-eu@basf.com. 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, Cookies help us deliver our services. Contact. 38, Ludwigshafen Am Rhein, 67056, Subscribe to Company Analytics & gain access to premium industry data & analytics, Subscribe to Company Analytics for access to more products & services data, Dive into past operations, including product releases, deals, acquisitions & more, Benchmark the company against the market with exclusive information on key competitors, Chart Financial activity with access to more key stats, Chief Digital Officer; Chief Financial Officer; Vice Chairman - Executive Board, Member- Executive Board; Site Director - BASF Ludwigshafen; Chief Technology Officer; Director - Industrial Relations, Gain more insight into company management & employee structure with Company Analytics, GlobalData Plc 2023 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. 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. 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. BASF SE Home Care, I&I and Industrial 67056 Ludwigshafen. BASF @ K 2022 Visit our Website! Visitor Center BASF Performance Materials: Together with you, our inspired team creates the solutions of tomorrow. 38, Ludwigshafen Am Rhein, 67056 Website www.basf.com Telephone 49 621 600 No of Our product portfolio for construction chemicals consists of superplasticizers, dispersants, plasticizers, rheology modifying agents, stabilizers, defoamers and ai more. 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. Explore IT infrastructure categories, solution and product/service areas deployed by a prospect. 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. Read more. 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. 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. 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. (SPACs), Transportation, Infrastructure & Logistics. 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. Data by Location. Sascha Vukojevic Dr. Kurzwahl (BCN): 8-1-40068 Telefon: +49 621 60-40068 Mobiltelefon: +49 176 11749719 BASF SE G-CCP/KE Regional Sales Management EMEA,Chem.Cat. Brazil, Phone: +55 11 2039-2273E-mail: industrial-formulators-sa@basf.com, BASF SEHome Care, I&I and Industrial Formulators EuropeCarl-Bosch-Strae 38. Global Oilfield Chemicals Contact Us. Currently, you are not logged in to my.chemeurope.com. BASF is the worlds leading chemical company headquartered in Germany. 67056 Ludwigshafen IT Client Prospector provides intelligence on BASF SEs likely spend across technology areas enabling you to understand the digital strategy. BASF carries out R&D in alliance with global customers, scientists and partners. No vehicle traffic. HQ. 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. Industrial implementation of the ammonia synthesis - How does it work? Real-time Estimate Tradegate Its product line comprises solvents, adhesives, surfactant, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. Germanys BASF to Post 2022 Loss on $7.90 Billion Impairment - WSJ Venture Capital More Business Video Journal Report Business Podcast Space & Science Tech Sections Headquarters Germany Address Carl-Bosch-Str. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. Carl-Bosch-Str. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of more, Small but powerful microorganisms contribute to greater sustainability at BASF, At BASF, innovation and sustainability are inextricably linked. There was an error. BASF SE, Ludwigshafen, Germany, District Court of Ludwigshafen a.Rhein HRB 6000: Earnings, Revenue, Public funding, Patents, Network, Financial information After the 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.. Learn more. 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. Discover Performance Polymers! United States. All rights reserved. GERMANY. This figure represents roughly half of all BASF staff around the world, with the majority working at our headquarters in Ludwigshafen. Investigators have described them as an act of sabotage, but have not said who they think might be responsible. Copyright 2023 Surperformance. BASF SE (BASF SE) is a Company located in Ludwigshafen Germany, Europe. BTC Europe GmbH Russia hasn't supplied any gas to Germany, one of the countries giving military and other help to Ukraine in the war, since then. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. BASF SE - Company Profile and News - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Asia Bloomberg Daybreak Asia. BASF is headquartered in Ludwigshafen, Germany. It has presence in Europe, Asia Pacific, South America, Africa, the Middle East and North America. We will be in touch soon. 67056 Ludwigshafen. Undersea explosions damaged Nord Stream 1 in September. Germany. 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.. Job cuts at Microsoft, Bad Buzz for Tesla: MarketSc.. North American Morning Briefing: More Earnings, -2-. BASF Ludwigshafen Grundbesitz SE & Co. KG. Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations Germany. Plus, 60% off clearance with American Eagle promo code, 20% off your next online order - Walmart coupon code. basf se Animal Nutrition, Europe Chemiestrasse 22 68623 Lampertheim Germany +49-621 60-28073 67056 Ludwigshafen. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. BASF has appointed Dr. Achim Sties to lead the global plastic additives business unit effective January 1, 2023. 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 combine economic success with environmental protection and social responsibility. At BASF, we create chemistry for a sustainable future. Contact - BASF SE. It covers key commercial, geological, and technical attributes of assets and analysis of developments. In January, the company entered into an agreement with Eramet to invest in a nickel smelting facility in Indonesia. Investigators have described them as an act of sabotage, but have not said who they think might be responsible. BASF SE Company Number T3104V_HRB6000 Native Company Number Ludwigshafen a.Rhein (Ludwigshafen) HRB 6000 Status Currently Registered Jurisdiction E 38, 67056 Ludwigshafen, Germany. Bring us your ideas and we turn them into reality together! SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. United States. Access comprehensive information on global active, upcoming , decommissioned, and cancelled petrochemical complexes/plants. 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. Click here For you, we combine cutting-edge solutions with established expertise. Its portfolio is organized into six segments: Chemicals, Materials, Industrials Solutions, Surface Technologies, 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. In September 1913, the first industrial-scale ammonia production plant came on stream at BASF in Ludwigshafen. 38 Attapulgus. 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 HS 39 - Plastics and articles thereof. 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. You need more than just a product to solve your challenges. Prior to his current role, Achim Sties was already heading the plastic additives business in 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 Address. our Subscriber Agreement and by copyright law. Phone (please also write country code) BASF SE. 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. 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. For more information contact our PU Infopoint! To use all functions of this page, please activate cookies in your browser. Company Europe BASF SE our terms of use agreement which includes our privacy policy this figure represents roughly of. Alternative raw material sources and to develop climate-friendly production processes and products said who they think might be.. For you, our inspired team creates the solutions of tomorrow Dea said late that. Who they think might be responsible Chemicals, Materials, Industrial solutions, Surface Technologies, Nutrition Care! Visitor Center BASF Performance Materials: Together with you, our inspired team the. 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