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Innovation is key to German chemical industry growth, study says

11:08 AM MDT | October 18, 2012 | Sotirios Frantzanas

Germany's chemical industry, the largest in Europe and the third-largest industrial sector in the country, can look ahead to a bright future, with a potential 40% increase in production by 2030, if its strategy and related political decisions support innovation, according to a recent study by consulting firm Prognos (Berlin), on behalf of German chemical industry association VCI (Frankfurt). The study draws on input from VCI's member companies, sector associations, and customers of the chemical industry. It proposes a four-layer development strategy, based on...

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