BASF Board Member Scharpwinkel: "Low Energy Prices Are Not a Panacea"

Frankfurter Allgemeine

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The huge plant of the chemical company BASF has been losing for three years. Katja Scharpwinkel wants to get it back on track with a savings program. A talk about Russian gas, Chinese growth and a legendary wine cellar.

berliner-sonntagsblatt.de

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The chemical company BASF expects to be able to reduce running costs at its main plant in Ludwigshafen by €500 million by the end of the year. Katja Scharpwinkel, the BASF board member responsible for the site, told the "Frankfurter Allgemeine Sonntagszeitung" newspaper. This would mean that the €1.1 billion savings target set for the end of 2026 would be almost half achieved. "I would say: We're well on track," Scharpwinkel said, assessing the …