|Bid||0.00 x 139300|
|Ask||0.00 x 16500|
|Day's Range||78.46 - 79.76|
|52 Week Range||76.25 - 98.80|
|PE Ratio (TTM)||11.99|
|Earnings Date||Oct 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
NEW PROVIDENCE, N.J., Aug. 7, 2018 /PRNewswire/ -- The Surface Treatment global business unit of the Coatings division of BASF, operating under the Chemetall brand, advances the standards with two new products, Tech Cool® 35058 and Tech Cool 35037. "Tech Cool 35058 and 35037 are the result of our commitment to continuous innovation," said Duane Fudge, Senior Director – Product Portfolio, and Applications at Chemetall.
German chemicals giant BASF warned that the hot spell across Europe is leading to supply bottlenecks for some products made at its Ludwigshafen headquarters. BASF has to curtail production because it can no longer sufficiently cool some plants at its Ludwigshafen headquarters with water from the river Rhine. "In individual cases there could be supply constraints if the current weather conditions prevail.
Bayer (BAYGn.DE) and BASF (BASFn.DE), among Europe's largest makers of farm supplies, all but ruled out pursuing genetic plant breeding at home after the EU ruled the technology should be regulated like genetically modified organisms (GMO). The European Court of Justice (ECJ) said on Wednesday mutagenesis-based gene-editing methods such as CRISPR/Cas9, which can rearrange targeted bits of DNA, fall under rules that now apply to genetic modification via strands of DNA from a different species. "As we run a global platform, it would mean that basically these applications of these instruments would not be used in Europe and Germany.
BASF (BASFn.DE) eked out a 5 percent gain in operating profit, thanks to an oil and gas unit that it is seeking to transfer into a joint venture and list separately, while high feedstock costs squeezed margins at its core specialty chemicals units. BASF's more complex, specialty products - which new chief executive Martin Brudermueller pins his hopes on for more stable future growth - have suffered from higher costs of petrochemical precursor materials, which are expensive due to supply bottlenecks and strong industrial demand. Baader Helvea analyst Markus Mayer said earnings at the group's specialty chemicals and farm pesticides units were significantly below expectations, which have been stoked by strong growth at domestic rivals Evonik (EVKn.DE) and Covestro (1COV.DE).
’s (BAS.XE) second-quarter net profit dropped around 1% on year, as revenue edged up slightly, the chemical company said Friday. Net profit was 1.48 billion euros ($1.73 billion), down from €1.50 billion a year earlier, the company said. Sales rose 3% to €16.78 billion from €16.26 billion, BASF said.
FRANKFURT/LONDON, July 26 (Reuters) - President Donald Trump's plan for "vast amounts" of U.S. liquefied natural gas (LNG) to be sold to the European Union after trade talks with its top representative faces a reality test. After a meeting at the White House with European Commission President Jean-Claude Juncker on Wednesday, Trump said the EU would also buy more U.S. soybeans and work with Washington to cut other trade barriers to zero.
Crops obtained by plant breeding technique mutagenesis should fall under laws restricting the use of genetically modified organisms (GMOs), Europe's highest court said on Wednesday, in a victory for environmental campaigners. The biotech industry had argued that much of mutagenesis, or gene editing, is effectively little different to the mutagenesis that occurs naturally or is induced by radiation - a standard plant breeding method since the 1950s, but the court disagreed.
FLORHAM PARK, N.J. and OAKLAND, Calif., July 13, 2018-- BASF will donate $7 million toward the construction of a new state-of-the-art, interdisciplinary research chemistry facility at the University of ...
The Kremlin on Thursday rejected U.S. President Donald Trump's description of Germany as a "captive" of Russia due to its energy reliance, saying his statement was part of a U.S. campaign to bully Europe into buying American energy supplies. Trump told Germany at a NATO summit in Brussels on Wednesday that it was wrong to support an $11-billion Baltic Sea pipeline to import even more Russian gas while being slow to meet NATO targets for defence spending.
BEIJING—The U.S.’s plan to wallop China with new tariffs is putting Beijing in a bind, forcing it to retaliate in ways likely to cast doubt on its commitment to rules-based global trade. The Trump administration’s announcement that it plans to clamp 10% tariffs on a further $200 billion in Chinese goods—from tech gear like routers to furniture and handbags—stoked anger and hand-wringing among Chinese officials on Wednesday. China doesn’t import enough from the U.S. to match Washington dollar for dollar as it has in previous rounds, so Beijing is reviewing plans to hit back in other ways, said Chinese officials familiar with the plans.
Germany's BASF managed to wrap up a preliminary deal to build China's first wholly foreign-owned chemicals complex quite quickly, aided in part by trade tensions between Beijing and Washington, sources with knowledge of the matter said. The proposed complex, worth some $10 billion in investment to 2030, will be located in Guangdong, China's most populous province which had been worried about the impact of a U.S. decision to heavily penalise telecom firm ZTE Corp, also based there.
Germany's BASF managed to wrap up a preliminary deal to build China's first wholly foreign-owned chemicals complex quite quickly, aided in part by trade tensions between Beijing and Washington, sources with knowledge of the matter said. The proposed complex, worth some $10 billion in investment to 2030, will be located in Guangdong, China's most populous province which had been worried about the impact of a U.S. decision to heavily penalise telecom firm ZTE Corp , also based there.
BASF (BASFn.DE) is considering building a chemical production site in the South Chinese province of Guangdong, which the German chemicals group said would be its first wholly-owned plant in China. China unveiled only last month a long-anticipated further easing of foreign investment curbs as Beijing moved to fulfil its promise to open its markets further. BASF Chief Executive Martin Brudermueller and a Guangdong representative on Monday signed a Memorandum of Understanding for the construction of the $10 billion site, which could employ 2,000 staff plus 1,000 external contractors by completion in 2030.
BASF SE plans to spend as much as $10 billion on a second chemical complex in China, its largest expansion project yet. Chief Executive Officer Martin Brudermueller discusses the plan with Bloomberg's ...
Moody's Investors Service today assigned a B3 corporate family rating (CFR) and a B3-PD probability of default rating (PDR) to Ignition Topco BV (Ignition). Moody's also assigned a B2 rating to the EUR260 million term loan B (TLB) and the EUR50 million revolving credit facility (RCF) borrowed by Ignition Midco BV.
German chemicals group BASF (BASFn.DE) has shut down production of ibuprofen at its plant in Bishop, Texas because of a technical problem, a spokesman for BASF said on Wednesday. The spokesman said it could take until early September to fix the problem at the plant, where ibuprofen production has been shut down since June 3. BASF last year announced plans to invest around 176.42 million pounds($232.74 million) in a new ibuprofen plant at its headquarters in Ludwigshafen in Germany and to expand the Bishop site's production capacity.
German chemicals group BASF has shut down production of ibuprofen at its plant in Bishop, Texas because of a technical problem, a spokesman for BASF said on Wednesday. The spokesman said it could take until early September to fix the problem at the plant, where ibuprofen production has been shut down since June 3. BASF last year announced plans to invest around 200 million euros ($232.74 million) in a new ibuprofen plant at its headquarters in Ludwigshafen in Germany and to expand the Bishop site's production capacity.
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“This growing need for mobility creates challenges, but at the same time provides vast opportunities to develop innovative technologies that address these,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors and Chief Technology Officer (CTO) of BASF. BASF, the world’s leading chemical supplier to the automotive industry, provides a wide range of automotive solutions such as mobile emission catalysts, coating systems, high-performance plastics and fuel additives. Since the development of the catalytic converter in 1973, catalytic technologies by BASF have eliminated over one billion tons of pollutants. BASF has been and will continue to be committed to improve air quality.
I am going to run you through how I calculated the intrinsic value of BASF SE (DB:BAS) using the discounted cash flow (DCF) method. If you want to learn moreRead More...
Moody's Investors Service ("Moody's") today downgraded the senior unsecured notes rating assigned to Bayer AG (Bayer) and its guaranteed subsidiaries Bayer US Finance LLC, Bayer Capital Corporation B.V., Bayer Corporation and Bayer Holding Ltd. to Baa1 from A3. Moody's also downgraded the senior unsecured MTN programme rating assigned to Bayer, Bayer Capital Corporation B.V., Bayer Holding Ltd. and Bayer Nordic SE to (P)Baa1 from (P)A3, and the ratings assigned to the hybrid notes issued by Bayer to Baa3 from Baa2.
Moody's Investors Service ("Moody's") has assigned B2 ratings to Solenis International L.P.'s (B3 Corporate Family Rating, stable outlook) proposed $1.25 billion senior secured first-lien term loan due 2025 and $200 million senior secured revolving credit facility due 2023, as well as a Caa1 rating to the proposed $400 million senior secured second-lien term loan due 2026. The proposed first and second lien debt instruments will be borrowed by a number of entities including Solenis Holdings 1 LLC, Solenis Holdings 2 LLC, and Solenis Holdings 3 LLC, and will be guaranteed by Solenis International L.P. The proceeds of the term loans will be used to repay Solenis' existing term loans, after the announcement on May 3, 2018 that BASF will sell its paper and water chemicals business to Solenis in exchange for a 49% equity stake in the combined company.