BASF in Ludwigshafen: billion dollar investment despite saving savings!

BASF in Ludwigshafen: billion dollar investment despite saving savings!

BASF, the largest chemical company in the world, plans to invest billions around the Ludwigshafen location despite a difficult economic environment. The new CEO Markus Kamieth has announced that 78 percent of the facilities are future -proof and that active investments in preservation, modernization and expansion of the main work are on the scene. At the same time, however, savings of EUR 1.1 billion must also be tackled by 2026, which makes almost half of the global savings volume of EUR 2.1 billion. BASF also checks whether additional locations have to be closed due to a lack of competitiveness, with dismissals in Ludwigshafen to be excluded.

Kamieth was optimistic about possible new location agreements that could support the corporate strategy. While the company management is holding a new composite location in China for ten billion euros, Kamieth is confident that the challenges of the weakening economy can be mastered in the long term. These developments follow from the recent press release, www.n-tv.de reports .