164 articles
BASF raised its full-year EBITDA forecast to €7.4–7.8 billion following strong core performance, with Q3 sales surging 14.2% due to higher prices. The company confirmed ongoing restructuring and descr
BASF CEO Markus Kamieth stated acquiring Evonik is logically sound but warned against overpaying amid a renewed €24/share offer. The deal aims to merge BASF's feedstock capabilities with Evonik's spec
BASF CEO Markus Kamieth advocates acquiring rival Evonik Industries following strong third-quarter earnings under his Winning Ways strategy. The deal aims to consolidate BASF's core chemical business
BASF has reportedly raised its acquisition offer for Evonik Industries to €11.2 billion, promising to preserve regional jobs until 2032 and optimize raw material sourcing to improve cost competitivene
ICIS Europe reports on chemical sector challenges including UK investment needs, Spanish plastics import competition, and BASF considering a joint venture with Highsun for polyamide assets amidst high
BASF CEO Markus Kamieth expressed willingness to negotiate a merger with Evonik to boost global competitiveness and supply chain efficiency. The proposal emphasizes job preservation and operational sy
BASF CEO Markus Kamieth confirmed readiness to discuss a merger with Evonik Industries, emphasizing value creation without compromising shareholder interests. The proposed combination aims to strength
BASF and Hengshen Group signed an MoU to integrate their European Polyamide 6 value chain businesses into a joint venture, aiming to enhance competitiveness through asset consolidation and cost reduct
Chemical buyers remain reliant on Middle Eastern suppliers due to cost advantages despite Strait of Hormuz disruptions. Supply tightness has pushed polyethylene prices over 40%, impacting major produc
BASF has indicated it will maintain Evonik's German employment guarantees until 2032 in any potential takeover agreement. This commitment addresses political and union concerns following Evonik's reje
Copernic secures $10 million in funding to deploy artificial intelligence for discovering improved catalysts used in high-volume chemical manufacturing. Founded by former BASF executives, the startup
ICIS Europe reports on rising ethanolamines costs and EPCA summit insights, highlighting existential threats and consolidation drives among major chemical players like BASF and INEOS due to high energ
At the EPCA annual meeting, BASF and Borealis CEOs warned that European chemical firms face a decade of consolidation due to cost pressures and overcapacity. They urged industry restructuring to maint
BASF has successfully started up the final phase of its $1 billion MDI expansion project in Geismar, Louisiana, boosting annual capacity to 600,000 metric tons. This positions BASF as the largest MDI
BASF CEO Markus Kamieth states that the EU Commission's proposed ETS redesign risks permanent closure of CO2-intensive petrochemical plants in Europe. He warns this could lead to increased imports fro
BASF and Borouge CEOs warn Europe's chemical sector faces significant consolidation and site closures over the next decade. This restructuring is driven by sustained cost pressures and competitiveness
ICIS Europe's weekly roundup covers rising polyethylene margins, Evonik rejecting BASF's €10.3 billion takeover bid, and logistical disruptions from low Rhine water levels affecting chemical trade.
Corteva spun off its seed business into Vylor to concentrate on crop protection, aiming for $1 billion in biologicals sales by 2030. This move aligns with broader industry reshaping by competitors lik
The CW75 index fell 0.98% for the week ending Sept. 29, outperforming broader markets, while Evonik shares surged following reports of a €10.3 billion acquisition bid from BASF.
Record-low Rhine water levels are severely disrupting chemical transportation and driving up logistics costs across Europe. Major producers like BASF face supply constraints as rail and road alternati
The RAG Foundation confirmed it could sell its entire 43% stake in Evonik, following competitor BASF's recent takeover interest. Such a divestment requires board approval and would significantly impac
Experts discuss how a potential BASF and Evonik merger could establish an integrated regional leader to compete in the oversupplied global chemical market. Consolidation is highlighted as vital for Eu
Evonik Industries rejected BASF's €10.3 billion non-binding takeover offer, stating it was too low for formal talks. Consequently, Evonik's share price surged over 10% while BASF's dipped amidst marke
Evonik rejected a takeover offer from BASF valued at roughly €22.15 per share, sources say, calling the price too low. BASF had proposed the acquisition earlier in the week.
Evonik Industries rejected a €10.3 billion takeover bid from BASF, deeming the offer too low for negotiations. BASF maintains that exploratory talks remain open despite Evonik confirming no active dis
Evonik rejected BASF's €10.3 billion takeover bid, stating it was too low for formal negotiations or due diligence, per Financial Times reports.
Record-low Rhine water levels have triggered a 15% surge in diesel shipping costs, threatening supply chains for major European chemical and energy producers. Companies including BASF and Shell face o
Persistently low Rhine river levels disrupt European petrochemical logistics, forcing BASF and Covestro to declare force majeure while raising transport costs. Participants warn of tightened supply ch
BASF confirmed exploratory talks with RAG-Stiftung and Evonik Industries regarding a potential takeover of the specialty chemicals firm. The outcome remains open as BASF evaluates strategic acquisitio
A chemical leak at BASF's Shanghai facility reportedly disrupted polyurethane raw material prices, alongside China's first export of a complete F-class heavy gas turbine. National power generation cap
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