Tag #Chemical Industry

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zeit.de

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Mar 12, 13:11

German Chemical Industry Forecasts Stagnant Production, Slight Revenue Drop in 2025

Germany's chemical and pharmaceutical industry forecasts stagnant production and a 1% revenue drop to €219 billion in 2025, despite stable employment at 480,000, as high energy costs and weak domestic demand affect chemical production, while pharmaceuticals see growth in exports.

German Chemical Industry Forecasts Stagnant Production, Slight Revenue Drop in 2025

Germany's chemical and pharmaceutical industry forecasts stagnant production and a 1% revenue drop to €219 billion in 2025, despite stable employment at 480,000, as high energy costs and weak domestic demand affect chemical production, while pharmaceuticals see growth in exports.

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How did the performance of the chemical and pharmaceutical sectors differ in 2024, and what factors contributed to these differences?

High energy prices and economic slowdown negatively impacted the energy-intensive chemical industry, leading to production cuts and reduced demand. However, pharmaceutical growth, driven by exports to Asia and the US, offset job losses in the chemical sector. Despite the crisis, an insolvency wave is not foreseen.

forbes.com

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Feb 20, 13:10

Celanese Q4 Loss and Weak Financials Raise Concerns Despite Low Valuation

Celanese reported a $1.4 billion Q4 2024 loss due to weakening customer demand in automotive, construction, and industrial sectors; the company's stock price fell 21% following the announcement, and despite a low valuation, its weak financial condition and historical downturn performance make it a r...

Celanese Q4 Loss and Weak Financials Raise Concerns Despite Low Valuation

Celanese reported a $1.4 billion Q4 2024 loss due to weakening customer demand in automotive, construction, and industrial sectors; the company's stock price fell 21% following the announcement, and despite a low valuation, its weak financial condition and historical downturn performance make it a r...

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What is the primary cause of Celanese's Q4 2024 loss and how does this impact its short-term outlook?

Celanese (CE) reported a substantial $1.4 billion loss in Q4 2024 on $2.4 billion in revenue, causing a 21% stock plunge. The company attributes this to weakening customer demand across key sectors like automotive and construction, a trend expected to continue short-term.

lemonde.fr

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Feb 18, 19:07

Lubrizol Strike in France: 169 Job Cuts Protested Amidst Plant Profitability

A strike at Lubrizol's Rouen and Le Havre plants, starting February 18th, is protesting a restructuring plan eliminating 169 jobs, including 145 in Rouen, despite the plant's reported profitability and high production output. The union claims the restructuring is linked to the 2019 chemical fire.

Lubrizol Strike in France: 169 Job Cuts Protested Amidst Plant Profitability

A strike at Lubrizol's Rouen and Le Havre plants, starting February 18th, is protesting a restructuring plan eliminating 169 jobs, including 145 in Rouen, despite the plant's reported profitability and high production output. The union claims the restructuring is linked to the 2019 chemical fire.

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How does the 2019 chemical fire at the Rouen plant relate to the current restructuring plan and worker concerns?

Lubrizol's restructuring, impacting 169 jobs including 145 in Rouen, follows a 2019 chemical fire. Union representatives argue the plant's viability and profitability, contrasting its production output with a competitor, and citing the creation of new customer centers and an Indian mega-factory as contributing factors. The delayed implementation of the restructuring plan was insufficient to prevent the strike.

welt.de

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Dec 13, 13:13

Evonik Announces Major Restructuring Amidst German Chemical Industry Downturn

Evonik, a German chemical company, announced its largest-ever restructuring plan, impacting around 7000 jobs due to cost-cutting and the reorganization into two segments (Custom Solutions and Advanced Technologies), each with approximately €6 billion in annual revenue, effective April 1, 2025. Despi...

Evonik Announces Major Restructuring Amidst German Chemical Industry Downturn

Evonik, a German chemical company, announced its largest-ever restructuring plan, impacting around 7000 jobs due to cost-cutting and the reorganization into two segments (Custom Solutions and Advanced Technologies), each with approximately €6 billion in annual revenue, effective April 1, 2025. Despi...

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What is the immediate impact of Evonik's restructuring on its workforce and operations?

Evonik, a German chemical company, is undergoing its largest restructuring, impacting approximately 7000 jobs. This includes eliminating 2000 positions due to cost-cutting measures and the potential sale or spin-off of businesses employing 3600 individuals. The restructuring will consolidate operations into two segments: Custom Solutions and Advanced Technologies, each with approximately €6 billion in annual revenue.

welt.de

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Nov 5, 13:13

Dow Reviews German Plants Amidst Market Slowdown

Dow Chemical reviews four German plants, including the Schkopau site with a complex history, as part of a broader European restructuring.

Dow Reviews German Plants Amidst Market Slowdown

Dow Chemical reviews four German plants, including the Schkopau site with a complex history, as part of a broader European restructuring.

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What is Dow Chemical currently doing in Germany and why?

Dow Chemical is reviewing its European operations, including four German plants, due to a lack of significant market recovery in Europe and China.

welt.de

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Mar 12, 13:11

German Chemical Industry Forecasts Stagnation for 2025

Germany's chemical and pharmaceutical industry faces a challenging 2025, with projected stagnation and a 1% turnover decrease to €219 billion, following a 2% drop in 2024; however, pharmaceutical production is expected to increase by 2%, offsetting job losses in the chemical sector, while high energ...

German Chemical Industry Forecasts Stagnation for 2025

Germany's chemical and pharmaceutical industry faces a challenging 2025, with projected stagnation and a 1% turnover decrease to €219 billion, following a 2% drop in 2024; however, pharmaceutical production is expected to increase by 2%, offsetting job losses in the chemical sector, while high energ...

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What are the immediate economic impacts of the projected stagnation in the German chemical and pharmaceutical industry in 2025?

The German chemical and pharmaceutical industry anticipates stagnation in 2025, with a slight 1% decrease in turnover to €219 billion, following a challenging 2024. Chemical production is projected to shrink by a further 2%, while the pharmaceutical sector expects a 2% increase. This follows a 2% decrease in turnover to €221 billion in 2024, despite a 1% production increase.

lefigaro.fr

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Feb 18, 22:08

Lubrizol Strike Halts Production Amidst Job Cut Controversy

A strike halting production at Lubrizol's Rouen and Le Havre plants in France protests a restructuring plan eliminating 145 jobs, raising concerns about the company's competitiveness following a 2019 fire.

Lubrizol Strike Halts Production Amidst Job Cut Controversy

A strike halting production at Lubrizol's Rouen and Le Havre plants in France protests a restructuring plan eliminating 145 jobs, raising concerns about the company's competitiveness following a 2019 fire.

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What is the immediate impact of the Lubrizol strike in France?

Lubrizol, a chemical company, faces a strike at its Rouen and Le Havre sites in France due to a restructuring plan that threatens 145 of 367 jobs in Rouen. Production has halted as a result of the strike, which the CGT union says will last a week.

welt.de

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Dec 13, 16:12

Evonik Restructuring: 7,000 Jobs Affected by Major Restructuring

Evonik, a German chemical company, is restructuring, separating its "Technology & Infrastructure" division, potentially selling the infrastructure unit with 3,600 employees, while cutting 2,000 administrative roles and selling other businesses, impacting around 7,000 jobs in total.

Evonik Restructuring: 7,000 Jobs Affected by Major Restructuring

Evonik, a German chemical company, is restructuring, separating its "Technology & Infrastructure" division, potentially selling the infrastructure unit with 3,600 employees, while cutting 2,000 administrative roles and selling other businesses, impacting around 7,000 jobs in total.

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Why is Evonik undertaking this restructuring, and what are the long-term strategic goals?

Evonik aims to streamline operations and improve profitability through this restructuring, shifting towards a two-division structure: "Custom Solutions" and "Advanced Technologies." The sale of non-core businesses addresses underperformance and allows Evonik to focus resources on higher-margin areas. The planned job cuts aim to reduce administrative overhead and enhance efficiency.

sueddeutsche.de

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Dec 13, 13:13

Evonik Restructures, Cuts Jobs, Appoints Women to Top Management

Evonik, a German specialty chemicals company, is restructuring its operations, reducing its management layers, cutting 2000 jobs globally, and appointing two women to its executive board, resulting in women holding the majority of seats. The company is also reducing its business units from five to t...

Evonik Restructures, Cuts Jobs, Appoints Women to Top Management

Evonik, a German specialty chemicals company, is restructuring its operations, reducing its management layers, cutting 2000 jobs globally, and appointing two women to its executive board, resulting in women holding the majority of seats. The company is also reducing its business units from five to t...

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How will Evonik's restructuring impact its operational efficiency and competitiveness?

"Evonik streamlines operations, reducing management layers from 10 to 6 and cutting 2000 jobs globally by 2026 to enhance efficiency and cut costs. Two new female executives, Lauren Kjeldsen and Claudine Mollenkopf, join the five-person executive board, making women the majority. This restructuring involves reducing business units from five to three and potential divestments of some assets, impacting nearly 5000 employees.", A2="The restructuring at Evonik reflects a broader trend among corporations to improve agility and competitiveness by flattening hierarchies and focusing resources. The reduction in business units and potential asset sales aim to increase profitability and simplify operations, mirroring similar strategies implemented by Bayer. The appointment of two women to the executive board demonstrates a commitment to diversity and inclusion.", A3="Evonik's transformation may face challenges related to employee morale and potential disruptions during the restructuring process. The success of the new structure depends on smooth integration and strategic alignment of the three business units. The sale of assets and job reductions could impact regional economies and require substantial investment in retraining initiatives.", Q1="How will Evonik's restructuring impact its operational efficiency and competitiveness?", Q2="What are the broader economic and social implications of Evonik's job cuts and asset sales?", Q3="What are the potential long-term challenges and risks associated with Evonik's strategic transformation?", ShortDescription="Evonik, a German specialty chemicals company, is restructuring its operations, reducing its management layers, cutting 2000 jobs globally, and appointing two women to its executive board, resulting in women holding the majority of seats. The company is also reducing its business units from five to three and plans to sell some assets, potentially affecting almost 5000 employees.", ShortTitle="Evonik Restructures, Cuts Jobs, Appoints Women to Top Management")) #Evonik reorganisiert, baut Stellen ab und ernennt Frauen in die Geschäftsführung

Showing 13 to 21 of 21 results