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BASF flags supply bottlenecks due to hot weather
Posted on Friday August 03, 2018
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.
Edited Transcript of BAS.DE earnings conference call or presentation 27-Jul-18 9:00am GMT
Posted on Friday July 27, 2018
Half Year 2018 BASF SE Earnings Call
Bayer, BASF to pursue plant gene editing elsewhere after EU ruling
Posted on Friday July 27, 2018
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.
Wintershall makes up for weaker specialty margins at BASF
Posted on Thursday July 26, 2018
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).