chemical industry

Deindustrialisation is looming in Europe. Letting markets run free is not a good idea in light of current global geopolitical trends.

Evonik has set itself new medium-term financial targets. The new targets also bear the signature of the two new female members of the Executive Board, Claudine Mollenkopf and Lauren Kjeldsen.

Following lengthy negotiations, Covestro shareholders ultimately accepted the takeover proposal from Adnoc. The give and take by Adnoc and the management of Covestro impressed the Corporate Finance Awards jury.

Lanxess CEO Matthias Zachert views a reduction in bureaucracy and a pragmatic energy policy as two crucial issues for the new German government. He would like to see the Corporate Sustainability Reporting Directive scrapped – without a replacement.

Evonik is streamlining its operations, and merging its existing four divisions into two. Layers of management are being eliminated – and a total of around 7,000 jobs are on the line.

The takeover of Covestro by Adnoc would be the first full takeover of a DAX company by a state-owned company from the Gulf. Adnoc Chief Investment Officer Klaus Fröhlich discusses the deal with Börsen-Zeitung.

As Chairwoman of the General Works Council at Covestro, Petra Kronen has the interests of 17,500 employees in her sights. Given the never ending takeover talks with Adnoc, the workforce is feeling insecure.

New BASF CEO Markus Kamieth faces numerous challenges. He takes the helm in an economically difficult environment, which includes high energy costs in Germany.