Tag Archives | BASF

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The deals are coming back!

Mergers and acquisitions in the global chemical realm are heating up, despite concerns about the European debt crisis and a slowdown in China. Last week, BASF agreed to buy German specialty chemical firm Cognis from its private equity owners for €700m ($862m), while US-based Corn Products International announced its $1.3bn acquisition of National Starch from AkzoNobel. […]

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European petrochemical industry will stay competitive

BY SPECIAL GUEST COLUMNIST ALBERT HEUSER, PRESIDENT OF BASF’S PETROCHEMICALS DIVISION The global economic crisis continues to cause a difficult business environment. The petrochemical industry is coping with this crisis in a very agile and flexible way, and indications are that the situation is stabilizing at a low level. But there are still many unresolved issues. […]

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Top of the heap in a tumultuous year

Once again, we are pleased to present the ICIS Top 100 Chemical Companies, ranked by 2008 sales. The results, spanning the global chemical industry, reflect a strong start to the year, followed by a collapse in the third and fourth quarters, triggered by the widespread financial and economic crisis that began in the US. German major […]

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BASF moves reflect global chemical manufacturing shift

Nowhere is the global tectonic shift in chemical manufacturing more apparent than in the largest chemical company’s latest restructuring and expansion moves. Germany’s BASF, which acquired Swiss specialty chemical giant Ciba for $5.1bn in April, laid out its massive restructuring plan last week. The bottom line – 23 out of 55 acquired production sites will be […]

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