Sherwin-Williams has agreed to acquire BASF Group's Brazilian architectural paints business, Suvinil, for $1.15 billion. This deal is expected to boost Sherwin-Williams' presence in Brazil, offering an expanded product range and enhanced distribution.
Battered tech sector suffers as global sell-off pulls markets towards bear territory. US unemployment uptick reignites recession fears. Nasdaq Composite worst hit.
American Battery Tech Co. CEO says major automakers are interested in their lithium deposits. Automakers scrambling to secure supply due to rising EV demand.
FLORHAM PARK, N.J., May 21, 2024 (GLOBE NEWSWIRE) -- On May 20, 2024, BASF Corporation (“BASF”), the North American affiliate of BASF SE, agreed to a settlement with a nationwide class of public water systems that detected PFAS in their drinking water sources, which they allege to be associated with the use of Aqueous Film Forming Foam (“AFFF”) products. Some of the AFFF products at issue in the litigation were made using a surfactant produced by Ciba Specialty Chemicals (“Ciba”), which BASF acquired in 2009. In 2003, years before BASF acquired Ciba, Ciba sold that business line to another company. Under the terms of the agreement, BASF has agreed to contribute $316.5 million ($312.5 million to resolve the PFAS claims, plus $4 million toward settlement administration costs). The settlement releases these claims against BASF, Ciba, and other related corporate entities. This settlement was entered in connection with the previously disclosed AFFF multi-district litigation (“MDL”) being overseen by the United States District Court for the District of South Carolina (the “MDL Court”).
China launches anti-dumping probe on plastics from US and EU, possibly as retaliation for Biden's recent tariffs. Chemical companies affected include Celanese, BASF, DuPont, Mitsubishi, Asahi Kasei, and SABIC.
J.P. Morgan's recent Battery Series provided insights on the industry's future, with 20-23% YoY growth projected for global EV sales in 2024. China leads, while US and Europe have muted expectations. Focus on fast charging & cost reduction. Localization trends impact supply chain.
FLORHAM PARK, N.J., May 14, 2024 (GLOBE NEWSWIRE) -- For the twelfth consecutive year, BASF has been named one of Fair360’s Top 50 Companies, ranking number 22 on the list in 2024. BASF was also recognized this year as a Top Company for Sponsorship, a Top Company for Latino Executives, and a Top Company for Executive Fairness Councils. Fair360 announced the 2024 list during its annual Top 50 Companies event on May 13, 2024, in New York City.
FLORHAM PARK, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Three BASF leaders in manufacturing were among 130 women recognized nationally at The Manufacturing Institute’s (MI) annual Women MAKE Awards. This national awards program identifies top talent in manufacturing and further encourages award winners to mentor and support the next generation of female talent to pursue modern manufacturing careers.
DETROIT and MANNHEIM, Germany, May 02, 2024 (GLOBE NEWSWIRE) -- Chemovator, the business incubator and early-stage investor of BASF, has successfully finalized an investment in Heartland. The Detroit-based startup is a frontrunner in the production of natural fiber plastic additives, and the latest addition to Chemovator's external-facing Elevate program.
FLORHAM PARK, N. J. and OAKLAND, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- BASF and University of California (UC), Berkeley, are celebrating the 10-year anniversary of their collaboration known as the California Research Alliance (CARA). The multidisciplinary research center is focused on evaluating new materials, technologies and processes that will help address key sustainability challenges. To mark the anniversary, BASF and CARA hosted a scientific symposium on sustainable transformation in chemistry on April 22. The symposium brought together academic researchers, government representatives, and BASF scientists to celebrate the achievements of CARA and discuss how industry and academia can continue to work together to tackle the challenges facing the industry and society as a whole.
PORT ARTHUR, Texas, Feb. 21, 2024 (GLOBE NEWSWIRE) -- For the first time, BASF brings Ccycled® products manufactured in the U.S. to the market using feedstock from plastic waste. Leveraging its global expertise in ChemCycling®, BASF is offering customers ISSC+ certified advanced recycled building blocks from the BASF TotalEnergies Petrochemicals (BTP) facility in Port Arthur, Texas. ChemCycling utilizes recycled feedstock that is derived from plastic waste in the conventional production process, thereby partially replacing fossil resources.
Dyadic International Inc. (NASDAQ: DYAI), a leading biotechnology firm, focuses on developing innovative microbial platforms to address the increasing global demand for protein bioproduction. Furthermore, the company aims to fulfil unmet clinical and industrial needs by providing cost-effective, accessible, and efficient biopharmaceutical products for both human and animal applications.
BASF SE (OTC: BFFAF) (OTC: BASFY) announced that Dr. Markus Kamieth (53) will take over as Chairman of the Board of Executive Directors, effective after the annual meeting on April 25, 2024.
FLORHAM PARK, N.J., Nov. 14, 2023 (GLOBE NEWSWIRE) -- BASF’s North American Apprenticeship Development Program has expanded for a second consecutive year in 2023, launching at eight additional regional manufacturing sites. The program, which offers apprentices a unique opportunity to gain on-the-job training and earn industry-recognized credentials while receiving a full-time wage, is now established at 28 BASF manufacturing sites across the United States. Among the new BASF sites welcoming apprentices in 2023 are Port Arthur, TX; Pasadena, TX; Malcom, IA; Southfield, MI; and Research Triangle Park, NC.
FLORHAM PARK, N.J., Oct. 04, 2023 (GLOBE NEWSWIRE) -- Kristen Pforr, BASF Vice President of Operations, Care Chemicals, has been inducted into the Women in Manufacturing (WiM) Hall of Fame. Pforr is one of 10 female manufacturing leaders selected for the global award, which recognizes women who have made, or are making, significant contributions to the manufacturing industry while supporting, promoting, and inspiring other women in manufacturing.
