 |
BASF signs CNY 40 billion syndicated bank term loan facility with maturity of 15 years for its Verbund site in Zhanjiang, China
24.11.2023 09:32 "Agro Perspectiva" (Kyiv) —
Key milestone in BASF’s strategy to finance the new Verbund site with local funds makes use of the low interest rate environment in China Highly attractive financing conditions thanks to BASF’s financial strength and its strong sales and earnings growth in China over the years BASF is taking advantage of the currently low interest rate environment in China and has signed a CNY 40 billion (approximately ˆ5 billion) syndicated bank term loan facility with a maturity of 15 years for its new Verbund site in Zhanjiang. The new site is currently under construction in Guangdong province. The loan will be provided by major Chinese banks and offers flexible repayment options to optimize BASF’s cash utilization. BASF is financing the new Verbund site with a combination of around 20 percent equity and 80 percent debt. «By signing this bank term loan facility, BASF is implementing its strategy to finance the Zhanjiang project with funds from China,» said Dr. Dirk Elvermann, Chief Financial Officer of BASF SE. The company’s financial strength and proven track record of strong sales and earnings growth in China enabled BASF to obtain highly attractive financing conditions for the loan. «We are impressed by the great support for the project from the local banking market,» said Christian Jutzi, President Corporate Finance. «This underscores that our banking partners are confident that our new Verbund site will become a key platform for the long-term profitable and sustainable growth.» Background information on the BASF Zhanjiang Verbund site The Zhanjiang Verbund site is a major investment of BASF with up to ˆ10 billion. It will be operated under the sole responsibility of BASF and will be the company’s third largest Verbund site worldwide, following Ludwigshafen, Germany, and Antwerp, Belgium.
04.03.2026 |
|
 |
|
|
 |
06:08 |
Fertilizer prices set to spike: What the Iran conflict means for your farm |
03.03.2026 |
|
|
|
|
|
23:39 |
Arla to invest 300 million euros in new Swedish cheese plant |
19.02.2026 |
|
|
|
|
|
10:04 |
Ukraine’s 2025 farm exports fall 9% to 22.7 bln USD, EU remains top market |
10.02.2026 |
|
|
|
|
|
12:49 |
FAO Food Price Index declines in January for fifth consecutive month |
|
12:18 |
Ukraine poultry producers urge Moldova to hold talks, lift import ban |
02.02.2026 |
|
|
|
|
|
08:29 |
Agriculture ministers and partners commit to integrated global action on water scarcity and competing uses |
|
06:27 |
FAO strengthens food security across Haiti and the Dominican Republic through emergency agriculture and regional agrifood system protection |
25.01.2026 |
|
|
|
|
|
19:06 |
EBRD and UKRSIBBANK provide US$ 17 million to YEDNIST' GROUP |
23.01.2026 |
|
|
|
|
|
15:07 |
EBRD invests US$ 20 million in Ukrainian-founded learning marketplace leader |
|
15:05 |
EBRD invests EUR60 million in Amber Dragon Ukraine Infrastructure Fund |
|
15:03 |
EBRD backs Horizon Capital Catalyst Fund with EUR30 million commitment |
19.01.2026 |
|
|
|
|
|
23:36 |
Cargill Advances Maritime Decarbonisation with Delivery of First Green Methanol Dual-Fuel Vessel |
|
23:21 |
EU and Mercosur sign historic and ambitious partnership |
14.01.2026 |
|
|
|
|
|
04:04 |
Argentina Cuts Taxes Again, Enhancing Exports |
04.01.2026 |
|
|
|
|
|
08:24 |
Indonesia Robusta coffee production in 2025/26 is forecast to increase - USDA |
|
05:09 |
Milk Production Continues Growth in 2026 |
30.12.2025 |
|
|
|
|
|
09:21 |
Ukraine harvests 57.6 mln tonnes of grain in 2025 – Economy Ministry |
17.12.2025 |
|
|
|
|
|
08:58 |
Pigmeat pigmeat production on a declining trend |
14.12.2025 |
|
|
|
|
|
20:32 |
France, Germany, Spain, and Italy Lead EU Crop Production in 2024 |
10.12.2025 |
|
|
|
|
|
20:21 |
EBRD and EU support a EUR100 million affordable housing initiative to support Ukraine’s recovery |
06.12.2025 |
|
|
|
|
|
08:31 |
EBRD backs green transport upgrade for Cherkasy, Ukraine |
19.11.2025 |
|
|
|
|
|
06:43 |
Autumn 2025 Economic Forecast shows continued growth despite challenging environment |
|
05:25 |
Disasters cost global agriculture $3.26 trillion over three decades, FAO report reveals |
|
05:23 |
Nitrogen management takes a major step forward in Europe. NitroScope project launches in Ghent |
|
02:57 |
Global sugar trade in 2025/26 forecasted at 65.2 million tonnes – FAO |
|
02:45 |
Global Wheat Production Set to Reach Record Level in 2025 |
17.11.2025 |
|
|
|
|
|
19:34 |
International support for Ukraine demonstrated through major rail contract |
15.11.2025 |
|
|
|
|
|
16:35 |
EBRD finances new private peak energy generation and storage capacity in Ukraine |
14.11.2025 |
|
|
|
|
|
14:59 |
EBRD supports food and beverage security in Ukraine with EUR11 million loan to Karpaty Mineral Water |
|
14:57 |
EBRD extends new guarantee to ProCredit Bank Ukraine to unlock extra EUR200 million in lending |
|
14:51 |
EBRD and IFC co-invest in Dragon Capital’s Rebuild Ukraine Fund |
28.10.2025 |
|
|
|
|
|
08:27 |
Supply of cattle to processing enterprises decreased. Pig supplies increased |
23.10.2025 |
|
|
|
|
|
23:47 |
Commission mobilises ˆ50 million in emergency support to farmers in Bulgaria, Hungary, Latvia, Lithuania, Poland and Romania |
|
23:43 |
Commission proposes measures to support generational renewal in agriculture to secure Europe's food, farming and rural future |
17.10.2025 |
|
|
|
|
|
22:05 |
Andrew MacPherson to be appointed CEO of Teys beef processing business |
16.10.2025 |
|
|
|
|
|
17:07 |
FAO marks World Food Day and 80 years of collective action for a better future |
07.10.2025 |
|
|
|
|
|
06:23 |
World Cotton Day. 7 October. Key messages |
|
06:00 |
Global cotton production is expected to grow by 1.3% annually, primarily driven by yield improvements, reaching 29.5 Mt by 2034 |
05.10.2025 |
|
|
|
|
|
22:03 |
FAO Food Price Index declined slightly in September |
|
20:22 |
Cereal markets remain well supplied, with a positive outlook for the short term |
28.09.2025 |
|
|
|
|
|
15:31 |
HIGHLIGHTS: EU exports remained stable in the first half of 2025, while import prices increased |
26.09.2025 |
|
|
|
|
|
14:26 |
New FAO report assesses progress towards food and agriculture SDG indicators |
|
10:49 |
EBRD lowers Ukraine 2025 growth forecast to 2.5 per cent |
|
07:40 |
Turkey Stone Fruit Exports Forecast to Fall After Spring Frosts |
24.09.2025 |
|
|
|
|
|
14:08 |
EBRD supports Ukraine’s agribusiness sector |
17.09.2025 |
|
|
|
|
|
19:27 |
Sudan: FAO moves to protect 9.4 million livestock in nationwide vaccination campaign |
14.09.2025 |
|
|
|
|
|
11:57 |
Global oilseeds production is raised this month on higher soybean production in Ukraine - USDA |
|
10:14 |
Global Raspberry Market Under Pressure Amid Weather Extremes, Rising Costs, and Shifting Yields |
13.09.2025 |
|
|
|
|
|
16:18 |
Improved prospects for coarse grains put global cereal production in 2025 forecast at all-time high |
|
10:30 |
U.S. Corn Exports Forecast at Back-to-Back Records |
Also available: 
|
| |
|
|
