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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
VCI Raises Full-Year Sales Growth Forecast
12:18 PM MDT | July 22, 2011 | â€”IAN YOUNG
German chemical industry association VCI (Frankfurt) has raised its forecast for full-year 2011 sales growth by Germanyâ€™s chemical industry to 10%, up from its forecast for a 9% increase made last May. The revision reflects higher prices charged by the German chemical industry to its customers to offset higher raw material costs, VCI says. VCI hiked its 2011 chemical price-increase forecast to 5% from 4%, but maintained its full-year growth forecast for output volumes at 5%. The industry will achieve â€śrecord figuresâ€ť this year, VCI says. Chemicals output...
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