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BASF-Fahnen am Standort Ludwigshafen
Business & Financial News | September 26, 2024

BASF presents new corporate strategy: BASF is setting a new direction for portfolio steering, capital allocation and performance culture

With today’s presentation of its corporate strategy, BASF is setting a new direction: “Our ambition is to be the preferred chemical company to enable our customers’ green transformation,” says Dr. Markus Kamieth, BASF’s Chairman of the Board of Executive Directors, during his keynote at the Capital Markets Day in Ludwigshafen: “The strong and broad portfolio of chemical businesses at our core is what makes BASF most relevant to customers globally, across a wide variety of industries. Our standalone businesses serve distinct industries and are less connected to our integrated value chains. Going forward, we will unlock the value of these businesses.”
President, Performance Materials, BASF.

Foto: BASF SE
Trade News | September 5, 2024

BASF Performance Materials co-creates the sustainable future with its customers

BASF’s Performance Materials division reveals its strategic roadmap toward achieving carbon neutrality by 2050 and highlights key milestones on its way to a circular economy. With that, the division, which brings together BASF's entire materials know-how regarding innovative and customized plastics, positions at the forefront of the much-needed sustainability transformation in plastics.
 
August 23, 2024

BASF Coatings opens new Application and Technical Center in Jiangmen, China
 

BASF's Coatings division has official inaugurated its new Application and Technical Center in Jiangmen, China. Located within the site of BASF Coatings (Guangdong) Co., Ltd. (BCG), the center marks another major milestone in the continuous expansion of BASF Coatings’ global refinish technology network.
August 14, 2024

BASF and UPC sign Memorandum of Understanding to strengthen strategic cooperation on plasticizer alcohols and catalysts

BASF has signed a Memorandum of Understanding (MoU) with UPC Technology Corporation (UPC), marking a significant step in their longstanding collaboration. This strategic partnership aims to foster long-term regional cooperation, focusing on the supply of plasticizer alcohols and catalysts for phthalic anhydride (PA) and maleic anhydride (MA), along with the development of sustainable solutions to reduce carbon emissions from operations and products.
BASF-Fahnen am Standort Ludwigshafen
Business & Financial News | July 28, 2024

EBITDA before special items at level of prior-year quarter; outlook 2024 unchanged

“Overall, the development of EBITDA before special items in the second quarter of 2024 was in line with our expectations and the analyst consensus. We saw a continuation of the dynamics of the first quarter, marked by positive volume momentum across most of our businesses. There was still pressure on prices,” said Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE, when presenting the figures for the second quarter of 2024 together with Chief Financial Officer Dr. Dirk Elvermann.