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Results: 562

BASF-Fahnen am Standort Ludwigshafen
Business & Financial News | February 20, 2025

Advance Notice: Annual Press Conference on February 28, 2025, at 11.00 a.m. (CET)

On Friday, February 28, 2025, the Annual Press Conference of BASF SE will be held in Ludwigshafen, Germany. At 11.00 a.m. (CET) BASF’s Chairman of the Board of Executive Directors Dr. Markus Kamieth and CFO Dr. Dirk Elvermann will present the 2024 financial results. The conference will be transmitted via the internet.
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The decorative paints business is a B2C business with a wide portfolio of paints, paint preparation products and digital solutions that are mainly sold under the Suvinil brand. Photo: BASF SE
Business & Financial News | February 17, 2025

BASF to sell Brazilian decorative paints business to Sherwin-Williams

BASF and Sherwin-Williams have signed an agreement on the sale of the Brazilian decorative paints business, which is part of BASF’s Coatings division. The purchase price on a cash and debt-free basis is $1.15 billion. The transaction is structured as a share deal and includes the production sites in Demarchi and Jaboatão, related contracts, the Suvinil and Glasu! brands, and the around 1,000 employees. The divestiture is expected to close in the second half of 2025, subject to the approval of the relevant competition authorities.
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Business & Financial News | February 4, 2025

BASF and its partners publish 2024 results of the world’s first sustainable castor bean program, Pragati

Pragati, the world’s first sustainable castor bean program, completed eight years of operation in the 2023/2024 season. More than 8,000 farmers are now certified under the program, and individual farmer yields have increased significantly. The program has grown to more than 9,000 hectares of mostly semi-arid land under the SuCCESS® sustainability code.
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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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Trade News | January 9, 2025

BASF to sell Styrodur® business to BACHL

Ludwigshafen, Germany – BASF has signed an agreement with Karl Bachl Kunststoffverarbeitung GmbH & Co. KG (BACHL) for the sale of its business with Styrodur®, an insulation material made from extruded polystyrene (XPS). BACHL is one of the leading manufacturers of insulation materials in Germany, an experienced XPS producer and a long-standing Styrodur® distribution partner of BASF. The sale also includes the brand Styrodur®. Approximately 50 employees in production, marketing and sales at BASF SE are involved in this business. The affected employees will remain with BASF SE. Subject to the approval of the relevant competition authorities, the completion of the sale is expected by mid-2025. The parties have agreed to keep the financial details of the transaction confidential.
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