【DT新材料】 获悉， 继9月24日宣布退出亚硫酸氢盐业务并将关闭位于路德维希港的相关生产设施后， 近日， 巴斯夫 宣布两大业务出售。 点击阅读 ： 四大化工巨头，再关停、出售 首先是，向宣伟出售其巴西装饰涂料业务 巴斯夫 巴西装饰涂料业务出售给 宣伟 的交易已于2025年10月1日完成，在现金和无债务的基础上，收购价格为11.5亿美元 （约81.87亿元人民币） 。 这是2025年全球涂料行业单笔金额最大的并购案， 包括Dem archi和 Jaboatão 的 生产基地、相关合同以及Suvinil和 Glasu! 品牌，以及大约1000名员 工。 据悉，巴斯夫装饰涂料业务在2024年的销售额约为5.25亿美元，是其唯一的大型B2C业务，几乎完全在巴西运营，与巴斯夫其他涂料业务协同效应有 限。 而对于全球涂料龙头 宣伟 来说，通过 此次收购，规避了自建体系所需的漫长时间， 以资本换时间的策略，是进军新兴市场的典型路径。 据悉，宣伟 2024年建筑涂料销售收入超过第二名 立邦 与第三名 阿克苏诺贝尔 之和。 其次是，向LDC出售食品与健康功能成分业务 巴斯夫 宣布，与 Louis Dreyfus Compan ...

Core Viewpoint - The European chemical industry is facing significant challenges due to rising energy costs and taxes, leading to major companies taking actions to minimize losses as they approach 2025 [1][2]. Group 1: Company Forecasts - Covestro has lowered its EBITDA forecast for 2025 to between €700 million and €1.1 billion, down from a previous estimate of €1 billion to €1.4 billion, reflecting ongoing global economic weakness [2][3]. - BASF has revised its EBITDA forecast for 2025 to between €7.3 billion and €7.7 billion, down from an earlier projection of €8 billion to €8.4 billion, citing macroeconomic and geopolitical uncertainties [4][7]. Group 2: Market Conditions - The anticipated growth in chemical market demand for 2025 is expected to be below previous expectations, compounded by an oversupply of products in the market, which continues to pressure profit margins [4][9]. - A significant factor affecting the market is the announcement of a 30% tariff on EU imports to the U.S. starting August 1, 2025, which is expected to create substantial market uncertainty [5][6]. Group 3: Financial Performance - BASF's projected sales for Q2 2025 are expected to decline by 2.1% to €15.77 billion, compared to €16.11 billion in Q2 2024 [8]. - The company's EBITDA for Q2 2025 is forecasted to be €1.77 billion, down from €1.96 billion in the same period last year [9]. - BASF's net profit is expected to reach €80 million, a significant drop of 81.4% compared to €430 million in Q2 2024 [11]. Group 4: Strategic Moves - BASF has been divesting various business units, including its Brazilian decorative coatings business and wind farm stakes, as part of its strategy to streamline operations [12]. - The company is increasing its investment in the Chinese market, indicating a strategic pivot towards regions with growth potential [13][14].

Group 1 - Sherwin-Williams aims to jointly bid for BASF's coatings division, which is valued at approximately €6 billion (around $6.81 billion) [4][6] - The acquisition, if successful, would mark Sherwin-Williams' second-largest merger after the $11.3 billion acquisition of Valspar in June 2017 [1][4] - BASF is exploring strategic options for its coatings business, including potential partnerships or full divestiture, as part of a broader strategy to focus on core operations [7][8] Group 2 - BASF's coatings division includes automotive coatings solutions, surface treatment technologies, and decorative coatings, with significant applications across various industries [10] - In 2024, BASF's coatings division is projected to generate sales of €4.28 billion, a decrease of 2.4% year-over-year [10] - The automotive coatings segment is crucial for Sherwin-Williams, contributing approximately 15% to its high-performance coatings revenue of $6.797 billion in 2024 [14][19] Group 3 - The automotive coatings business of BASF accounts for 65% of its total coatings revenue, with OEM coatings making up 48% and automotive refinish coatings 17% [19] - A successful acquisition would enhance Sherwin-Williams' competitive position in the global automotive coatings market and expand its market share, particularly in the OEM segment [19][20] - Sherwin-Williams has experienced a slowdown in sales growth, with an average growth rate of 5.32% over the past five years, making the acquisition a strategic move to boost performance and market presence [20]