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Business & Financial News | January 24, 2025

BASF Group releases preliminary figures for full year 2024

Ludwigshafen – January 24, 2025 – The BASF Group’s sales for the full year 2024 are expected to be €65.3 billion (2023: €68.9 billion). This is in line with the figure estimated by analysts on average according to Vara. While volumes slightly increased, sales prices declined but showed a steady price recovery throughout 2024 compared with the respective quarter of the previous year. Currency effects negatively impacted the sales development.

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Our own combined cycle gas power plants produce electricity and process steam with a 95% efficiency at emissions far below the average grid level.
Photo: BASF
Trade News | January 28, 2025

BASF’s Performance Materials division plants run entirely on renewable electricity in Europe as of 2025

On January 1, 2025, BASF's Performance Materials division completely switched all its European sites to renewable electricity. "As BASF, we want to enable our customers green transformation, and we believe it starts with us. This is our ambition and the goal of #OurPlasticsJourney," said Martin Jung, President of BASF's Performance Materials division. "The use of electricity from renewable sources such as wind or solar is necessary to achieve our climate targets." The changeover applies to the compounding of Engineering Plastics, Polyurethanes and Thermoplastic Polyurethanes and Specialty Polymers. With the turn of the year, in total nine Performance Materials production sites across Europe have been converted.
You will find the long version of the press release in the internet under the following link
 
Business & Financial News | January 24, 2025

BASF Group releases preliminary figures for full year 2024

Ludwigshafen – January 24, 2025 – The BASF Group’s sales for the full year 2024 are expected to be €65.3 billion (2023: €68.9 billion). This is in line with the figure estimated by analysts on average according to Vara. While volumes slightly increased, sales prices declined but showed a steady price recovery throughout 2024 compared with the respective quarter of the previous year. Currency effects negatively impacted the sales development.
Trade News | January 23, 2025

BASF’s Personal Care business launches VitaGuard® A, an innovative encapsulation technology for retinol

Hong Kong SAR, China – January 23, 2025 – BASF’s Personal Care business is launching a new ingredient, VitaGuard® A to capture the continuous market demand for retinol, while reinforcing its position as a Hero ingredient in cosmetics. This latest innovation is based on the encapsulation of free retinol. Retinol is a powerful anti-aging molecule widely used in cosmetic applications. However, it can also cause skin irritation and is prone to light and air degradation, making it difficult to be widely utilized by formulators. VitaGuard® A was developed using patented solid lipid particles, protecting retinol from degradation, limiting skin irritation and allowing better skin bioavailability for improved cosmetic efficacy.

This Press Release is only available in English
Ultra-compact hardware integrable in all kinds of consumer electronics
Photo: trinamiX GmbH
Trade News | January 22, 2025

trinamiX and NIL Technology collaborate to offer miniaturized, high security Face Authentication solutions ready for mass market

trinamiX GmbH, a leading provider of biometric imaging solutions and NIL Technology (NILT), a global leader in meta-optics design and manufacturing announce their collaboration — a partnership bringing ultra-compact and secure face-unlock and 3D depth mapping technology to mass market. The powerful combination of NILT’s small-scale, high-efficiency meta-optics, and the sophisticated algorithms from trinamiX has resulted in a miniaturized solution, with highly reliable anti-spoofing technology, ready for integrating into automotive, smartphones and next generation consumer electronics.

This News Release is only available in English
BASF Coatings offers BMW and MINI body shops an extensive range of refinish solutions, ensuring process efficiency and the highest product quality.

(Photo: BASF)
Trade News | January 14, 2025

BASF Coatings enters into a strategic partnership for the aftersales market

BASF’s Coatings division announces that BMW Group has selected the premium refinish brands Glasurit and R-M among their preferred paint brands for its aftersales network. This strategic partnership includes 50 markets where BMW Group is not present with its private label. The Glasurit 100 Line AraClass and R-M Agilis Pioneer Series product portfolio are set to reshape the future of body shops worldwide with its commitment to sustainability and high-performance solutions.