France is shedding petrochemicals capacity as the recession bites deep into revenue, forcing plant closures. As a result, BMI's report forecasts a 15-20% drop in petrochemicals output, which is more tthan twice the 7% decline forecast by France's chemical industry association, Union des Industries Chimiques (UIC).
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Monday, January 04, 2010
Chinese self-sufficiency to impact France Petrochemicals market
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