IHS Chemical Week

Regions :: Middle East :: Iran

GPCA: Major Challenges Lie Ahead

2:03 PM MST | December 8, 2008 | Natasha Alperowicz in Dubai

Chemical manufacturers are facing external challenges, “more so than anytime I can recall,” says Mohamed H. Al-Mady, chairman of the Gulf Petrochemicals and Chemicals Association (GPCA) and CEO of Sabic. Europe and the U.S. are “apparently” in recession, Al-Mady said in an opening address at the Third Annual GPCA Forum, held last week in Dubai and attended by more than 900 delegates. Emerging economies including China and India, which have been experiencing strong GDP growth, will continue to grow but at lower rates than before. “The...

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