BASF innovations for high-performance lithium-ion batteriesBASF innovations for high-performance lithium-ion batteries

Ludwigshafen, Germany BASF’s financial strength backs a proposed stable dividend of €3.40 per share for 2023, the chemical giant said Friday.

Despite lower sales due to reduced prices and demand, the DAX company’s operating cash flow rose by 5.2% to €8.1 billion. An additional cost-saving program for the Ludwigshafen site aims for €1 billion in annual savings by 2026.

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By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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