German petrochemicals companies have so far managed to hold up in the face of economic slowdown and rising raw materials costs. However, BMI's latest Germany Petrochemicals Report envisages more diffiicult times ahead owing to the effect of decline in construction activity worldwide, lower rates of economic growth in both the domestic and export markets, and increased competition from Asian and Middle Eastern producers as a result of an expansion in capacity and the appreciation of the Euro.
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Friday, November 28, 2008
German petrochem sector to face difficult times ahead
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