
Group 1 - BASF Group states that the current tariff policy has limited direct impact on the company due to high local production ratios [1] - The company emphasizes the need to consider indirect impacts from changes in customer industry demand, making it difficult to fully assess the current tariffs' effects on its business [1] - In 2024, over 80% of BASF's sales in the U.S. will come from locally produced products, with similar ratios in the Asia-Pacific region and even higher in Europe [1] Group 2 - Solvay's spin-off, SSOCO, focuses on a global production strategy that is close to customers to reduce environmental footprint and cross-continental product transportation [1] - China is identified as a key market for SSOCO, which has established six production bases and a major research and innovation center in the country over the past 40 years [1] - SSOCO aims to be a long-term builder in China's development, a long-term enabler of low-carbon industry, and a long-term supporter of corporate innovation [1]