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Cefic General Assembly: Chemical Industry Showing 'Tentative' Signs of Recovery

9:02 AM MDT | October 5, 2009 | Natasha Alperowicz in Lisbon

The European chemical industry is showing "tentative signs of recovery" but it will take years before the industry is back to January 2008 levels, said Cefic president Christian Jourquin in his address to the Cefic 2009 General Assembly, held recently in Lisbon. "The first wave of the crisis may be softening but the second may be yet to come," he said. Jourquin told a press conference at the assembly that the European chemical industry's capacity utilization rates vary from segment to segment but on average are  running at about 70%, and...

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