Fall Back

Concerns about deterioration in the economy seem to have put a chill on chemical industry investment in 2012. Some investments are proceeding, but mainly in areas where the outlook and tailwinds are undeniably strong regardless of current weakness, such as those tied to the reemerging US low-cost feedstock position. Significant capital investments from ExxonMobil Chemical, Evonik, and Westlake Chemical, all exceeding $100 million, were announced in the past week (p. 11), an indication of the improved US competitive position in manufacturing. M&A activity is...

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