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VCI Sees Slower Growth in Germany for the Second Half of 2010

9:27 AM MDT | July 7, 2010 | Natasha Alperowicz

German chemical industry association VCI (Frankfurt) forecasts slower growth for the industry in the second half of this year compared with the first half. "Compared with the trough of the recession, we have continued to gain ground and are confident there will be further improvements in the coming months," Ulrich Lehner, VCI chairman said today. VCI still expects a 10% rise in German chemical industry revenues in full-year 2010, and volume growth of 8.5%. Production volumes rose 13% in the first half compared with the same period of 2009, when...

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