IHS Chemical Week

People & Business :: Earnings/Finance

Survey: Industry Execs Focused on Growth Despite Macro Concern

2:02 PM MDT | September 21, 2012 | Vincent Valk

While concern about the macroeconomic situation rose from 2011 to 2012, chemical industry executives remain focused on growth and investment, and most say their companies are in a strong position, according to consultancy KPMG’s (New York) annual chemicals and performance technologies industry outlook survey. KPMG found that most executives say their companies have “significant” cash on their balance sheets, and that 63% of executives globally intend to increase capital spending over the next year. Some 90% of executives expect to be involved in...

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