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  • The end of the beginning

    Last week's BASF announcement marked the end of Phase One of the downturn. This began over a year ago , with the first signs of financial crisis. Now, we will move into Phase Two - a long, multi-year recession, which will also include several bear-market rallies. The end of this "beginning"...
    Posted to ICIS Blogs (Weblog) by Anonymous on 11-23-2008

  • BASF sees "massive decline"

    6 weeks ago , I warned that "the scariest moment of my 30 year chemical career" was about to be repeated. This had been in 1980, when "for some weeks it seemed that demand for many petchem products had simply stopped". Three weeks later, the blog confirmed that "the moment it...
    Posted to ICIS Blogs (Weblog) by Anonymous on 11-19-2008

  • Dow buys Rohm & Haas

    Dow's potential interest in Rohm & Haas had been much rumoured since December , when it announced the petchem/polymer JV with Kuwait's PIC. That deal has yet to close, but further evidence of the growing link with Kuwait comes with the news that the Kuwait Investment Authority will invest...
    Posted to ICIS Blogs (Weblog) by Anonymous on 07-11-2008

  • 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
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