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  • August highlights

    Many readers have been out of the office during August on a well-deserved break. I am therefore highlighting below the main postings over the past month, in the hope this will help them to catch up quickly on key developments - please click on the highlighted title if you want to read the original posting...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-01-2008

  • BASF reduce 2008 global GDP forecast

    BASF have now reduced their 2008 GDP forecast from 2.8% to 2.4%. This may sound a small amount, but it means it is now in line with the Global Downturn Scenario set out in our Feedstocks for Profit Study. Previously, it had been just below our Base Case Scenario. CEO Jurgen Hambrecht still sounds confident...
    Posted to ICIS Blogs (Weblog) by Anonymous on 08-19-2008

  • Shell, BASF, ACC warn on US downturn

    ‘The sharp drop in housing starts and the developing credit crisis will flow into the cracker business’, according to Shell Chemical’s CEO Stacy Methvin. She added that ‘the housing crisis is more far-reaching than anyone anticipated’ . Similarly, BASF is now more cautious about the potential impact...
    Posted to ICIS Blogs (Weblog) by Anonymous on 04-07-2008

  • BASF – the oil and gas company

    BASF Chairman Jürgen Hambrecht sounded confident last week, following their annual results . 2007 sales were €58bn (up 10% on 2006), and income from operations was €7.3bn (up 8%). However, Q4 saw sales up just 1.6% at €14.7bn, and income actually down 3.4% at €1.6bn. The main culprit in Q4 was chemicals...
    Posted to ICIS Blogs (Weblog) by Anonymous on 02-24-2008

  • ‘Don’t panic’ say Dow, BASF

    Its not normally a good sign when chemical industry bosses feel the need to cheerlead on the outlook for the economy. Dow’s CEO Andrew Liveris therefore caught my attention at Davos, when he told CNBC that talk of recession was ‘over-reaction’. Particularly when he then corrected himself, adding that...
    Posted to ICIS Blogs (Weblog) by Anonymous on 02-12-2008
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