Core Viewpoint - The article discusses the significant shift of the German chemical industry, particularly BASF, towards China due to various economic pressures, including the impact of the Russia-Ukraine conflict and the rising demand in the Chinese market [21][39]. Group 1: Historical Context of German Chemical Industry - Germany was once the third-largest economy globally and the second-largest trading nation, with a strong chemical industry led by giants like Bayer, BASF, and Degussa [1]. - The Asian and South American economic crises in 1998 severely impacted Germany's chemical exports, prompting a strategic pivot towards China [1][10]. - BASF, founded in 1865, has a long history of innovation in the chemical sector, becoming a leader in synthetic dyes and later expanding into fertilizers and plastics [3][5][8]. Group 2: BASF's Investment in China - From 2004 to 2005, BASF invested $2.6 billion to establish an integrated petrochemical base in Nanjing, capable of producing 1.7 million tons of high-quality chemicals annually [13]. - In 2022, BASF announced a massive investment of €10 billion in the Zhanjiang integrated base, which will become its third-largest production site globally [17]. - The company has also focused on digital transformation in China, establishing a digital center in Nanjing to enhance its capabilities [15]. Group 3: Impact of the Russia-Ukraine Conflict - The Russia-Ukraine conflict led to a significant financial downturn for BASF, reporting a net loss of €1.376 billion in 2022 due to disrupted operations in Russia [21][23]. - Energy costs surged by €2.2 billion in Europe, despite a 12% increase in sales revenue, highlighting the financial strain on BASF [24]. - The conflict forced BASF to reduce its production scale in Europe, with plans to cut annual costs by €500 million by 2024, impacting its Ludwigshafen plant [30]. Group 4: Competitive Pressure from China - The shift of German chemical manufacturing to China has revitalized the local industry, attracting German experts and fostering innovation [32][35]. - China has surpassed Germany in chemical product research and development since 2014, becoming the second-largest exporter of chemical products globally [35][37]. - By 2030, China's investment in chemical and pharmaceutical R&D is expected to account for nearly 15% of global total investment, further widening the gap with Germany [37]. Group 5: Future Implications - The decision to relocate chemical manufacturing to China reflects a broader trend of globalization and market changes, indicating a potential loss of innovation capability for Germany [39][40]. - This strategic pivot is seen as both a necessary adaptation to current economic realities and a significant departure from traditional manufacturing practices in Germany [39].

巴斯夫CFO：除中国外，全球汽车市场正在下滑。 ...

Group 1 - The company reported adjusted earnings per share of €1.57 for the first quarter, exceeding the estimate of €1.38 [1] - First quarter sales amounted to €17.4 billion, slightly below the forecast of €17.6 billion [1] - Adjusted EBITDA for the first quarter was €2.63 billion, surpassing the expected €2.61 billion [2] Group 2 - The company anticipates an adjusted EBITDA for the full year ranging from €8.0 billion to €8.4 billion [3]

智通财经5月2日电，巴斯夫第一季度调整后EBITDA为26.3亿欧元，预期为26.1亿欧元。 ...

MISSISSAUGA, ONTARIO, April 30, 2025 (GLOBE NEWSWIRE) -- The French version of this press release is available here. BASF and the University of Waterloo’s Data and Artificial Intelligence Institute (Waterloo.AI) are joining forces to advance AI applications through a three-year collaborative research agreement that will run from 2025 to 2028. This partnership is designed to facilitate knowledge sharing and develop advanced AI systems to drive operational excellence, enhance customer value, and streamline pr ...

Core Viewpoint - BASF is focusing on the gradual realization of waste material recycling through quality balance methods, emphasizing the importance of collaboration across the supply chain and strict government regulation [1][3]. Group 1: Sustainable Development and Innovation - BASF aims to showcase its efforts and achievements in sustainability and green environment at the CHINAPLAS 2025 exhibition, highlighting the commercialization of plastic waste recycling in downstream products through co-creation with customers [1]. - The company's notable exhibits include safety shoes developed in collaboration with KPR and a new automotive connector created with TE Connectivity, marking a transition from technical validation to formal commercialization of material recycling [1]. Group 2: Challenges in Recycling Technology - Despite the technical feasibility of various recycling paths, the commercial viability remains a challenge due to limited upstream suppliers and insufficient material supply, leading to high costs and narrow choices for recycled materials [3]. - The lack of effective waste sorting and classification upstream complicates the recycling capacity, necessitating collaboration across the entire industry chain and ecosystem for effective waste material recycling [3]. Group 3: Government Regulation and Economic Opportunities - Many countries have implemented Extended Producer Responsibility (EPR) systems, which extend producers' environmental responsibilities throughout the product lifecycle, including design, circulation, consumption, recycling, and waste disposal [3]. - China's 14th Five-Year Plan for Circular Economy Development aims for a resource recycling industry output value of 5 trillion yuan by 2025, indicating significant economic opportunities in resource recycling [3]. Group 4: National Initiatives and Market Trends - The establishment of the China Resource Recycling Group, with a registered capital of 100 billion yuan, marks a new phase in the domestic circular economy, integrating resources from major state-owned enterprises [4]. - By 2030, the domestic resource recycling industry scale is expected to approach 10 trillion yuan, reflecting the evolution of the circular economy from mere recycling to a high-tech, high-quality new industry [4]. Group 5: Focus on Automotive and Renewable Energy Sectors - BASF's investment strategy in China is primarily directed towards the automotive and renewable energy sectors, with the automotive industry representing nearly half of its specialty materials business [5]. - The shift towards electric vehicles is evident, as BASF's material supply is increasingly directed towards new energy vehicles, aligning with China's accelerated construction of a new power system [5].

Economic Overview - Germany's economy has been in stagnation since 2021, with predictions of continued recession through 2025, marking it as potentially the largest crisis since World War II [1][2] - The International Monetary Fund (IMF) forecasts a GDP growth of only 0.3% in 2025, placing Germany at the bottom among major economies [1][2] - The manufacturing sector, particularly the automotive industry, is facing significant challenges, including layoffs and reduced investment [2][10] Manufacturing Sector Challenges - The automotive industry, a key pillar of the German economy, is experiencing a collapse, with Volkswagen announcing a plan to cut 10,000 jobs [2][10] - Manufacturing job vacancy rates have dropped to their lowest since the 2009 financial crisis, indicating a shrinking labor demand [2][4] - The shift towards electric vehicles is hindered by rising costs and competition from Chinese manufacturers, impacting traditional German automotive firms [10][19] Trade and Export Dynamics - Germany's export model is under threat, with a notable decline in exports to China, down 9.7% year-on-year in 2024 [3][4] - The trade surplus with the U.S. has reached a record €65 billion, raising concerns about potential tariffs from the U.S. government [6][19] - The overall trade-to-GDP ratio fell to 90.11% in 2023, a decrease of 9.77% from the previous year, reflecting a downturn in international trade [8][19] Labor Market and Employment - The labor market is showing signs of strain, with job vacancies decreasing by 23% and unemployment expected to rise to 3.5% by the end of 2024 [14][21] - Despite a slight increase in disposable income, consumer confidence remains low, leading to reduced spending and further economic stagnation [13][14] Structural Economic Issues - Germany's reliance on exports and traditional manufacturing is becoming increasingly unsustainable, with a need for diversification and innovation [12][19] - The country faces significant challenges from rising energy costs and geopolitical instability, particularly due to the Russia-Ukraine conflict [9][18] - The economic model has been criticized for its over-reliance on external markets, making it vulnerable to global economic fluctuations [12][19] Policy and Economic Management - The current economic management approach, heavily influenced by neoliberal policies, has been criticized for failing to address underlying structural issues [11][22] - There is a call for increased public investment and a reevaluation of fiscal policies to stimulate domestic demand and economic growth [28][29] - The need for a shift towards a more balanced economic model that prioritizes long-term stability over short-term gains is emphasized [26][29]

真正能穿越周期的，是能将绿色转型和市场需求整合起来的企业。 "巴斯夫深刻地感知到中国市场的无限潜力、无穷韧性和无限机遇，中国不仅是巴斯夫投资的聚焦点， 更是巴斯夫实践绿色增长的发力点。"4月25日下午，2025企业可持续发展大会 "在乎者赢，先人一步 ——可持续跃迁的全球经验与本土策略" 主题论坛上，巴斯夫大中华区董事长兼总裁楼剑锋分享了在中 国市场可持续发展的实践经验。 巴斯夫是全球领先的化工公司，总部位于德国，有着160年的悠久历史。巴斯夫是全球少数在化工整个 价值链有所涉猎的企业，其产品遍及衣食住行，助力各行各业。2024年，巴斯夫全球销售额为653亿欧 元，正迈向2050年碳净零排放的目标。 今年是巴斯夫在华发展的140周年。楼剑锋表示，经过140年的耕耘与沉淀，巴斯夫建立了遍及中国的生 产、研发和销售网络。截至去年年底，巴斯夫与合作伙伴在华累计投资约170亿欧元。 "巴斯夫坚信，真正能穿越周期的，是能将绿色转型和市场需求整合起来的企业。"楼剑锋表示，巴斯夫 始终将经济效益与环境保护、社会责任相结合，对可持续发展的承诺涵盖整个价值链，其中包括三个维 度。 第一，从自身做起，聚焦可持续发展，助力气候保护 ...

21世纪经济报道记者 林典驰 实习生林绮蓓 深圳报道 鲍磊伟：巴斯夫的核心目标在于通过颠覆传统化工模式，用回收再生材料、生物质替代化石原料。比如 新开发的PBT聚氨酯工艺，采用ANC生物质技术，显著降低了碳足迹。 我们在生产端同步推进绿色升级，国内基地全面使用绿电，从源头减少范围一、范围二碳排放。材料研 发上重点调整价值链，用低碳足迹原料替代原生材料，比如PA66、PPU这些项目已相继推出。 在全球绿色转型浪潮下，化工巨头巴斯夫动作频频。 近期，CHINAPLAS 2025国际橡塑展在深圳举行，巴斯夫特性材料更多展示的是与客户共创的回收材料 应用案例。当中包括化学回收技术将废弃聚酰胺66转化为裂解油，制成碳足迹极低的新材料；另一项是 与安全鞋企业尊王合作，将废弃聚氨酯（PU）材料回收并制成新产品。这些案例证明，减少化石原料 依赖、推动循环经济是可行的、有价值的。 在这期间，包括21世纪经济报道在内的多家媒体采访了巴斯夫亚太区特性材料部高级副总裁鲍磊伟。 鲍磊伟出生于苏格兰，在新西兰长大，1986年加入巴斯夫，历任巴斯夫中国区精细化学品部部门负责 人、巴斯夫亚太区营养与健康部副总裁等职位。在长达1个多小时的采访 ...

Group 1: BASF's Investment in China - BASF is increasing its investment in China, with a recent announcement of approximately 500 million yuan for a second facility in Shanghai, expected to enhance production capacity by nearly 70% by 2027 [1] - The expansion reflects BASF's commitment to local markets and customers, emphasizing its role as a leading chemical supplier in the automotive sector [1] - BASF is also advancing its Zhanjiang project and focusing on providing advanced materials for the Chinese automotive market, including lightweight battery components and materials for intelligent driving [1] Group 2: Dow's Growth Strategy in Asia - Dow identifies China as its second-largest global market and the largest overseas market, focusing on sustainable solutions and local partnerships [2] - The company is launching a plastic recycling traceability solution in collaboration with local partners, aiming to meet the upgrading needs of key industries such as consumer goods and automotive manufacturing [2] - Dow's strategy emphasizes operational efficiency and innovation to support sustainable development and the low-carbon transition in the Asia-Pacific region, particularly in China [2] Group 3: Localized Strategies by Other Companies - Aborg is implementing a "local for local" strategy in China, designing and producing automation solutions tailored for local customers [3] - 3M is benefiting from China's improving business environment and plans to enhance collaboration with government and research institutions to accelerate local production and testing processes [3]