Markus Kamieth

Markus Kamieth is the CEO of BASF, a German multinational chemical company. He is currently newsworthy due to the opening of BASF's new mega-plant in Zhanjiang, China. This represents BASF's largest single investment, costing nearly nine billion euros. Despite a current slowdown in the Chinese economy and a general demand slump, Kamieth remains confident in the long-term prospects for profitable growth in China. He views the investment as a strategic move to capitalize on the rapidly growing Chinese chemical market, even amidst global economic uncertainties and geopolitical risks like the blockade of Hormuz. Kamieth's leadership is crucial as BASF navigates this significant investment and its associated risks.