The Mittelstand: Germany’s Industrial Backbone

The German chemical industry is best known for an array of multinational companies with household names such as such as BASF, Bayer, Evonik Industries, Henkel, Lanxess, Linde, and Merck KGaA. There are 11 Germany-based companies in the top 30 European chemical producers, ranked by annual sales, in CW’s 2011 Billion-Dollar Club. However, these big corporations represent only a fraction of Germany’s chemical sector. A large majority of the 2,000 or so chemical manufacturers operating in the country form part of the Mittelstand extended group of small...

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