IHS Chemical Week

Regions :: Western Europe :: U.K.

Blog: No Market Uplift in Sight for U.K. Producers

11:35 AM MST | February 26, 2010 | Alex Scott

Industry group the Chemical Industries Association (CIA; London) says despite scouring the economic landscape it sees no signs yet that business conditions across the U.K. chemicals sector are on the up. The recovery, when it comes will likely be in 2011 it says.   “Right now, [markets for] agchems, personal care and pharma are not as hot as they were,” says Steve Elliott, CEO for CIA.   U.K. corporate tax concessions in recent months have been curtailed and a £2,000 ($3,000) consumer subsidy for new car purchases has ended. If...

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