The Ludwigshafen, Germany-based chemicals maker—the world’s largest—sells elements that go into everything from cars to shampoo. Though its success can be attributed to its diverse portfolio of products, the company has been struggling in recent months amid low commodities prices, which pushed sales down 5.2% in 2015. The company also posted lower sales in its chemical business, and from Europe in comparison to 2014, owing to the strong U.S. dollar. More recently, BASF has been pruning its vast portfolio at a time when the chemical industry has been subject to a wave of consolidation. Monsanto is trying to snap up BASF’s agrochemicals business—the German company’s most profitable division in 2015.
News about BASF
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