Add to dossier (if available): History. 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 In January, the company acquired ASL, an innovative melon breeding company. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Elastogranstrae 60. Germany. BASF SE (BASF) is a chemical company. Z078 - 0206 Ludwigshafen, Germany sascha.vukojevic@basf.com Data by Location. Fax Information available as an option. Due to construction work (Brunckstrae) currently no regular opening hours. Discover Performance Polymers! BASF SE (BASF SE) is a Company located in Ludwigshafen Germany, Europe. You may cancel your subscription at anytime by calling .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. USA, E-mail: industrial-formulators-na@basf.com, BASF S.A.Avenida das Nacoes Unidas14.171, Morumbi, So Paulo SP. Current research projects and examples of innovation for vario more. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. To use all functions of this page, please activate cookies in your browser. 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. E (if applicable) for The Wall Street Journal. $ + tax For more information contact our PU Infopoint! Read more. Cookies help us deliver our services. The headquarters of this business will be in Singapore. 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 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 . Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. At BASF, we create chemistry - and have been doing so for 150 years. Continue reading your article witha WSJ membership, Already a member? Install Base provides a holistic and a granular view of the IT product/service deployments from leading vendors. Access more premium companies when you subscribe to Explorer, Contact the team or request a demo to find out how our data can drive your business forward, Access in-depth analysis, premium industry data, predictive signals, and more on, Transportation, Infrastructure and Logistics, Top 10 Chemical Companies in the World in 2021 by Revenue, Top 10 European Automotive Suppliers in 2021 by Revenue, Top 10 Automotive Suppliers in the World in 2021 by Revenue, Top 10 Agricultural Products Companies in the World in 2021 by Revenue, Carl-Bosch-Str. You will be charged Undersea explosions damaged Nord Stream 1 in September. Visitor Center Follow AP's coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine, Copyright 2023 The Associated Press. You will be notified in advance of any changes in rate or terms. This figure represents roughly half of all BASF staff around the world, Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. 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. Global Oilfield Chemicals D 105. He also pointed to restrictions imposed by the Russian government on the operations of Western countries and external interferences in our joint venture operations.. Call the company. Open a newChase Private ClientChecking account and get a $2000 bonus! 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. Germany, Phone: +49 621 60-0Fax: +49 621 60-42525E-mail: industrial-formulators-eu@basf.com, BTC Europe GmbHRheinpromenade 140789 Monheim am Rhein. Top HS Codes. Have you found what you were looking for? BASF SE (BASF SE) is a Company located in Ludwigshafen Germany, Europe. 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 Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Errors are noted below: Thanks for reaching out. Job cuts at Microsoft, Bad Buzz for Tesla: MarketSc.. North American Morning Briefing: More Earnings, -2-. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. Already a member? 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.. Wintershall Dea said late Tuesday that it intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. The units 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. Contact information for Basf Se 67056 Ludwigshafen Germany. HS 38 - Chemical products n.e.c. Carl-Bosch-Str. All Rights Reserved. United States. 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. 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. 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. The company operates through a network of manufacturing facilities across the world. HS 39 - Plastics and articles thereof. Find out more about the company LUMITOS and our team. Russian TV Touts a Big Victory in Ukraine. 67056 Ludwigshafen. 7.30 p.m. to Sat. Last Name. Follow APs coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine, Connect with the definitive source for global and local news. 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. This figure represents roughly half of all BASF staff around the world, with the majority working at our headquarters in Ludwigshafen. Access comprehensive information on global active, upcoming , decommissioned, and cancelled petrochemical complexes/plants. 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 He began his career w more, BASF breaks ground on MDI capacity expansion project at Geismar site, 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. The company serves a wide range of industries including construction, furniture and wood, agriculture, electronics and electrical, paints and coatings, automotive, home care, nutrition, chemicals and others. BASF @ K 2022 Visit our Website! Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Carl-Bosch-Str. First Name. A BASF chemical plant in Ludwigshafen, Germany. HS 28 - Inorganic chemicals; organic and inorganic compounds of precious metals; of rare earth metals, of radio-active elements and of isotopes. BASF SE - Company Profile and News - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Asia Bloomberg Daybreak Asia. 1997-2023 LUMITOS AG, All rights reserved. BASF SE Company Number T3104V_HRB6000 Native Company Number Ludwigshafen a.Rhein (Ludwigshafen) HRB 6000 Status Currently Registered Jurisdiction 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. The visualizations for "BASF SE, Ludwigshafen, Germany", Carl-Bosch-Str. BASF Corporation100 Park Avenue07932 Florham Park, NJ. The pipeline transported natural gas from Russia to Germany until the end of August. Attapulgus. Sign In. Read what you need to know about our industry portal chemeurope.com. BASF SE Home Care, I&I and Industrial 67056 Ludwigshafen. Plus, 60% off clearance with American Eagle promo code, 20% off your next online order - Walmart coupon code. 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. Its product line comprises solvents, adhesives, surfactant, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. Customer Service. 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. Sun. He also pointed to restrictions imposed by the Russian government on the operations of Western countries and external interferences in our joint venture operations.. United States. 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. It carries out the production, marketing and sales of chemicals, plastics, crop protection products, and performance products. Sovereign Investor Leadership Conference March 2023, Carl-Bosch-Strasse 38, Ludwigshafen, 67056, Germany. Opening hours: Customer Service. Here you can find detailed information about our products and solutions. Great that you want to get in touch with us! BASF in Germany Every working day, more than 50,000 employees across Germany make their way to work at BASF. All rights reserved. BASF Performance Materials: Together with you, our inspired team creates the solutions of tomorrow. Fax: +49 5443 12 2201. BASF Ludwigshafen Grundbesitz SE & Co. KG. 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