Regions :: Western Europe
IHS Chemical: Europe's industry slowing out of recession; faces increased competition, feedstock disadvantages
9:36 AM MDT | May 13, 2014 | Michael Ravenscroft
Europe’s chemical industry is slowly coming out of recession, with Germany taking a slight lead, IHS Chemical said at an industry forum taking place at Berlin this week. Concerns are mounting, however, despite expected marginal growth, because the industry faces increasing competition, disadvantages in the cost of feedstock and energy, a difficult business climate, and aging infrastructure. “IHS Chemical forecasts an overall increase in German chemical production of 2% for 2014,” says John Page, v.p./consulting at IHS Chemical...
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