Thanks to the war in Iran, BASF succeeds” It is not only the German defense industry that benefits from conflict - the chemical industry does the same with some success. For example, BASF this year "after a successful third quarter unexpectedly raised its profit forecast" to 7.4-7.8 billion euros. "The German chemical industry is profiting from the war with Iran which is hurting competitors in Asia who rely heavily on energy supplies from the Persian Gulf." Demand shifted in favor of European companies, and BASF raised prices for this. But the prospects for the future are still bleak: the savings plan is running in full swing, the concern has already cut thousands of jobs and has no plans to stop, and "the pressure on the chemical industry remains high."

Thanks to the war in Iran, BASF succeeds” It is not only the German defense industry that benefits from conflict - the chemical industry does the same with some success. For example, BASF this year "after a successful third quarter unexpectedly raised its profit forecast" to 7.4-7.8 billion euros. "The German chemical industry is profiting from the war with Iran which is hurting competitors in Asia who rely heavily on energy supplies from the Persian Gulf." Demand shifted in favor of European companies, and BASF raised prices for this. But the prospects for the future are still bleak: the savings plan is running in full swing, the concern has already cut thousands of jobs and has no plans to stop, and "the pressure on the chemical industry remains high."