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Force Majeures continue to increase
Its now a year since the blog first highlighted the worrying rise in force majeures (FMs) since the Great Recession began. Most disappointingly, continuing strong profitability has not led to any...
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BASF warns on the outlook
Last month, the blog suggested that CEOs might want to warn investors of the threat to earnings from high oil prices, unemployment and economic fragility. BASF, the world’s largest chemical company,...
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BASF worries about China, India
BASF opened its first China plant 20 years ago. Its Asian strategy focuses on China, Japan, S Korea and India. Thus yesterday’s comments by vice chairman Martin Brudermüller deserve careful study by...
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“BASF slashes 2015 targets on slowing global growth”
“BASF, the world’s biggest chemical maker by sales, has slashed its revenue and earnings targets for 2015, following a further weakening of the European economy and a slowdown in China.” Saturday’s...
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World Aromatics and Derivatives Conference next week
Our 13th annual World Aromatics & Derivatives Conference takes place in Berlin next week. Jointly organised as always by International eChem and ICIS, it features a must-hear list of speakers:...
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BASF warns on outlook; Dow warns on China, ethylene cycle
BASF and Dow Chemical both warned on the outlook when presenting their H1 results last week: BASF CEO Kurt Bock warned, “We have for second quarter in the row in chemicals no growth worth mentioning ....
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BASF’s second profit warning highlights scale of the downturn now underway
The chemical industry is easily the best leading indicator for the global economy. And thanks to Kevin Swift and his team at the American Chemistry Council, we already have data showing developments...
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Companies and investors have just 30 working days left to prepare for a No...
Companies across the UK and EU27 are suddenly realising there are now just 30 working days until the UK will likely abandon its 45-year trading relationship with the EU, and start to trade on WTO...
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BASF prepares its UK supply chain for Brexit
BASF has been working with Ready for Brexit (the online platform I co-founded last year) as part of its programme to prepare its UK supply chain for Brexit. Here, Ready for Brexit’s editor, Anna...
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Chemical industry results confirm major recession is underway
The chemical industry is always the best leading indicator for the global economy. It is the third largest industry in the world after energy and agriculture. And its products go into every country,...
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