IHS Chemical Week

People & Business :: Energy and Feedstocks

CW Survey: Chemical Firms Feel the Pressure, Look to Cost Cutting

10:21 AM MDT | August 13, 2008 |

Alex Scott

A survey undertaken jointly by CW and IT services firm Itelligence (London) in the past few months has identified that nearly half of chemical firms are feeling a “substantial” impact from regulatory, market, and competition issues. Almost 40 companies were included in the survey.   Of the companies surveyed, 54% said that they are experiencing “substantial” regulatory pressures, with 46% experiencing “substantial” market pressures, and 46% experiencing “substantial” competitive pressures. Some 16% of firms...

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