IHS Chemical Week

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Germany (2214)


GERMANY

Evonik signs distribution deal with MedPalett for natural berry extract
Evonik Industries says that it has signed a distribution agreement with MedPalett (Sandnes, Norway), a wholly owned subsidiary of life sciences company Biolink Group (Sandnes), under which Evonik will distribute Medpalett’s MP865, a nutritional...

BASF reports higher earnings on flat sales, will reduce capital expenditure this year
BASF today reported fourth-quarter sales of €18.0 billion ($20.2 billion) almost matching the previous year’s level of €18.1 billion. Earnings before interest and tax (Ebit) was 2.8% higher at €1.5 billion. The company reported...

Bayer reports improved results, will decide on either a spinoff or IPO of MaterialScience
Bayer today reported a 7.4% rise in 2014 net income to €3.43 billion ($3.89 billion) on 5.2% higher sales of €42.24 billion. Adjusted for currency and portfolio effects, sales grew by 7.2%.  All subgroups contributed to this increase, the...

Germany's chemical industry closes 2014 on weak note, production expected to grow 1.5% in 2015
The German chemical marked a year of ups and downs in 2014 with a weak quarter, chemical industry trade association VCI (Frankfurt) says in its latest summary. Sales for the full year were €193.2 billion ($220.0 billion), up 1.3% compared with full-year...

German chemical industry pay talks adjourned without result; employers 'playing with fire'
The national salary negotiations for workers in Germany’s chemical industry have been adjourned without agreement. The negotiations between the employers association BAVC (Wiesbaden) and the trade union IG BCE (Hanover) will recommence on 12 and 13...

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