Word: basf
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Dates: during 2000-2009
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...Rail4Chem, which specializes in transporting hazardous chemicals, including sulfuric acid and paraffin. At a time when most state-owned rail-freight companies are losing money and customers, Raith's sales have almost tripled in the past two years, to €24 million. Rail4Chem was founded by the chemical giant BASF in 1999 after it bought a polyurethane and fertilizer plant in eastern Germany, only to find that state-owned Deutsche Bahn (DB) wasn't able to cater to its just-on-time production schedule. At the time Germany, acting ahead of many of its neighbors, had begun allowing private freight...
...ideas are taking root worldwide. BASF Corp.'s carpet-fiber unit has developed a recyclable nylon that makes it possible to reconstitute old carpets into new. Swiss semiconductor maker ST Microelectronics has saved more than $60 million by cutting its energy usage and more than $20 million by reducing water consumption below baselines set in 1994--a program initiated after CEO Pasquale Pistorio's son Carmelo questioned his father's environmental stewardship. The company issued a "decalogue"--or 10 commandments--of environmental goals and empowered its divisions to become creative. The responses include using solar power and finding ways...
...sanctions under ILSA. German government sources in Washington confirmed the conversation, but pointed out that the European Union, of which Germany is the largest member, has no sanctions against Libya and does not recognize ILSA. They said it was likely the German government would inform Wintershall or its parent, BASF, of U.S. objections, but could do little more...
...Representatives of BASF and Wintershall had no comment...
...sanctions would be invoked under ILSA if the State Department determined that Wintershall had violated U.S. law. And President Bush can exercise his discretion on whether to impose penalties, which can include restrictions on imports and on U.S. government procurement from violators. Wintershall has a limited U.S. presence, but BASF has said it has more than $1.6 billion in North American revenues. Any penalties could also provoke retaliation by Germany, and a German challenge to the U.S. action before the World Trade Organization...