Georgiana Teodorescu· ECR

Nuanced

A German industrial giant is reducing its European business to invest EUR 10 billion in China

Omissions

• The specific company is BASF, Europe's largest chemical company, which was not named in the original claim
• BASF's German operations recorded over EUR 1 billion in losses at EBIT level by 2025
• The investment amount is approximately EUR 9-10 billion (some sources cite $10 billion)
• The Zhanjiang project is ongoing with construction focused on building the core, expected to be operational in coming years

Sources

• PrimaryBASF Official Report - BASF in Greater China Report 2024The BASF Zhanjiang Verbund site, with a total investment of around EUR 10 billion, is now focusing on building its core
• SecondaryTradingView/GuruFocus - BASF Flags Lower Profits at 10 Billion China SiteBASF SE is moving forward with its 10 billion China expansion
• SecondaryGlobal Banking and Finance - BASF Eyes Long-Term Gains from Record China InvestmentBASF invests EUR 9B in China's Zhanjiang complex, aiming to boost China revenues to 20% of group sales by 2030