On October 17, 2016, a fire broke out at the North Harbor at BASF’s site in Ludwigshafen, Germany. Three people were killed and others were injured, eight of whom severely. An explosion had occurred after work on a pipeline, with ensuing fires. One consequence was the interruption of the raw material supply to the site’s steam crackers; further Verbund facilities were also shut down. BASF is taking various measures to minimize the impact on customer supplies. We assume that the logistics and supply bottlenecks will negatively impact earnings for the 2016 business year. They have not, however, resulted in a change to our outlook for 2016.
During the third quarter of 2016, there were no events that had a significant impact on the results of operations, net assets or financial position of the BASF Group.