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U.K. Hoping to Share 'Gung Ho' Growth of German Chemical Industry

5:23 AM MDT | July 6, 2010 | Alex Scott

Chemical company “order books are up and everything is returning back to peak levels in Germany,” says Alan Eastwood, economist for Chemical Industries Association (CIA; London). “It’s gung ho in Germany. Orders there are up 60% on 2009. We have to hope we get a share of that [in the U.K.],” Eastman told journalists at a briefing yesterday in London. An uptick in U.K. chemicals demand toward the latter part of 2009 did take place but is considered to have been the result of inventory rebuilding. The expectation now is that there will...

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