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BASF SE (BASFn.DE)

BASFn.DE on Xetra

64.91EUR
20 Jan 2020
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Latest Key Developments (Source: Significant Developments)

BASF To Double Production Of Automotive Refinish Coatings At Chinese Site
Thursday, 5 Dec 2019 

Dec 5 (Reuters) - BASF SE ::TO DOUBLE PRODUCTION CAPACITY OF AUTOMOTIVE REFINISH COATINGS AT JIANGMEN SITE, CHINA.START-UP PLANNED FOR 2022.TO CONSTRUCT A NEW FACILITY FOR AUTOMOTIVE REFINISH COATINGS THAT WILL START PRODUCTION IN FIRST HALF OF 2022.  Full Article

Wintershall DEA Ups FY Production Guidance To 640 mboe/d
Wednesday, 27 Nov 2019 

Nov 27 (Reuters) - Wintershall DEA::STRONG OPERATIONAL PERFORMANCE IN Q3.STRONG PRODUCTION GROWTH, WITH WORKING INTEREST PRODUCTION INCREASING BY 6% IN Q3.FULL YEAR GUIDANCE REVISED TO 640 MBOE/D.EBITDAX IMPACTED BY THE SIGNIFICANTLY WEAKER COMMODITY PRICE ENVIRONMENT.CAPITAL EXPENDITURES STABLE IN Q3 AT €400 MILLION, WITH FY GUIDANCE REVISED DOWN BY €100 MILLION TO €1,600 MILLION.  Full Article

BASF Says Officially Launched Its Smart Verbund Project In Zhanjiang, China,
Saturday, 23 Nov 2019 

Nov 23 (Reuters) - BASF SE ::OFFICIALLY LAUNCHED ITS SMART VERBUND PROJECT IN ZHANJIANG, GUANGDONG PROVINCE, CHINA, AND COMMENCED BUILDING ITS FIRST PLANTS.  Full Article

BASF Acquires 3D Printing Service Provider Sculpteo
Monday, 18 Nov 2019 

Nov 18 (Reuters) - BASF SE ::BASF ACQUIRES 3D PRINTING SERVICE PROVIDER SCULPTEO.ACCESS TO NEW MATERIALS AND TECHNOLOGIES FOR CUSTOMERS OF BASF AND SCULPTEO.SCULPTEO’S MANAGEMENT TEAM FULLY SUPPORTS THE ACQUISITION AND WILL REMAIN IN PLACE TO PROVIDE CUSTOMERS AND PARTNERS WITH THIS EXPANDED SERVICE SPECTRUM.  Full Article

Wintershall DEA Sells Infrastructure Assets In Norway
Tuesday, 1 Oct 2019 

Oct 1 (Reuters) - WINTERSHALL DEA::SELLS INFRASTRUCTURE ASSETS IN NORWAY.CAPEOMEGA AND SOLVEIG GAS NORWAY TO ACQUIRE WINTERSHALL DEA'S INTERESTS IN NYHAMNA TERMINAL AND POLARLED PIPELINE.AGREED TO SELL ITS 5.0304 % INTEREST IN NYHAMNA TERMINAL TO CAPEOMEGA AND ITS 13.255 % INTEREST IN POLARLED PIPELINE TO SOLVEIG GAS NORWAY.  Full Article

BASF To Expand Integrated Ethylene Oxide And Derivatives Complex In Antwerp
Monday, 30 Sep 2019 

Sept 30 (Reuters) - BASF SE ::BASF TO EXPAND INTEGRATED ETHYLENE OXIDE AND DERIVATIVES COMPLEX AT ITS VERBUND SITE IN ANTWERP.SEQUENTIAL START-UP OF NEW CAPACITIES BEGINNING IN 2022.INVESTMENT EXCEEDS €500 MILLION AND ADDS 400,000 METRIC TONS PER YEAR OF PRODUCTION CAPACITY.TOTAL INVESTMENT ADDS ABOUT 400,000 METRIC TONS PER YEAR TO BASF’S PRODUCTION CAPACITY FOR CORRESPONDING PRODUCTS WITH EXPECTED INVESTMENT OVER €500 MILLION.  Full Article

BASF CEO Confirms Efficiency Programme Savings Of 2 Bln Euros By 2021
Friday, 27 Sep 2019 

Sept 27 (Reuters) - BASF ::CEO SAYS CONFIRMS SAVINGS FROM EFFICIENCY PROGRAMME OF 2 BILLION EUROS BY 2021.CEO CONFIRMS CAPEX BUDGET OF 21.3 BILLION EUROS FROM 2019-2023.CEO SAYS TO APPROACH M&A SELECTIVELY, WILL BE DISCIPLINED ON VALUATIONS.CEO SAYS EXPECTS TO SIGN DEAL ON SALE OF CONSTRUCTION CHEMICALS THIS YEAR, SEES OIL AND GAS IPO IN H2 2020.CEO SAYS BUSINESS DEVELOPMENTS IN SEPTEMBER CONTINUED TREND FROM JULY AND AUGUST.CFO SAYS WOULD BE COMFORTABLE WITH NET DEBT LEVEL OF 15 BILLION EUROS, DOWN FROM AROUND 18.5 BILLION NOW.CEO SAYS WANTS TO ACHIEVE PLANNED GOAL OF REDUCING 6,000 JOBS AS QUICKLY AS POSSIBLE.  Full Article

BASF CEO: We Will Stick To Progressive Dividend Policy
Friday, 27 Sep 2019 

Sept 27 (Reuters) - BASF SE ::CEO SAYS WE WILL STICK TO PROGRESSIVE DIVIDEND POLICY, AIM FOR INCREASE EVERY YEAR.CEO SAYS MIX IN JULY AND AUGUST EARNINGS IS SIMILAR TO PREVIOUS YEAR.CEO SAYS WE CON FIRM MID-TERM OUTLOOK.  Full Article

BASF Acquires Aroma Biotech Isobionics
Thursday, 26 Sep 2019 

Sept 26 (Reuters) - BASF SE ::BASF ACQUIRES AROMA BIOTECH INNOVATION LEADER ISOBIONICS.BASF PARTNERS WITH CONAGEN, A LEADER IN BIOTECHNOLOGY RESEARCH.MARKET ENTRANCE WITH BIOTECH-BASED NATURAL VANILLIN, VALENCENE AND NOOTKATONE.  Full Article

BASF Expands Production Capacity For Neopentylglycol
Thursday, 26 Sep 2019 

Sept 26 (Reuters) - BASF SE ::BASF EXPANDS PRODUCTION CAPACITY FOR NEOPENTYLGLYCOL.CAPACITY INCREASES WORLDWIDE TO 215,000 METRIC TONS PER YEAR.NEOPENTYLGLYCOL-EXPANSION AT NANJING SITE WILL START IN 2020.INCREASED THE CAPACITY OF ITS NEOPENTYL GLYCOL (NPG) PLANT AT THE VERBUND SITE IN LUDWIGSHAFEN, GERMANY, BY 10,000 METRIC TONS PER YEAR.  Full Article

Deals of the day-Mergers and acquisitions

Dec 23 The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Monday: ** Fantasy sports and gambling company DraftKings will be taken public by an entity founded by Hollywood executives Jeff Sagansky and Harry Sloan in a deal valuing the company at $3.3 billion, the firm said. ** Brookefield Infrastructure Partners LP will buy telecommunications company Cincinnati Bell Inc for about $529.42 million, the companies said. ** Nigerian telecoms group IHS Towe