EU Chemical Business Gains Momentum


Key topics in this newsletter: EU chemical industry weathers globalization and competitiveness challenges, M&A activity, company news from Eli Lilly, Johnson & Johnson, Reckitt Benckiser, Chemtura, Celanese, Dow, Lotte, PPG, Rosneft, SABIC, LyondellBasell, and more

Dear Reader,

Chemical business in the European Union became more favorable in the fourth quarter of 2016, compared to the rest of the year, and economic sentiment in the euro zone improved on the whole, according to figures compiled by the World Economic Study and the EU Commission Business Survey. The statistics agencies said, however, that the current business situation and the outlook for the coming months were “markedly different” across EU member states.

Output in the EU chemicals sector saw no growth during the first eleven months of 2016, compared to the same period one year ago, the EU survey said. The chemical industry continues to weather the impact of globalization as well as competitiveness challenges associated with the cost of doing business in the 28 member states, it noted.

According to the report, flat output and declining prices have negatively impacted EU chemical sales for at least three years. From January to October 2016, sales declined by 3.6%, led by a 4.2% setback in domestic sales. Led by polymers and specialty chemicals EU chemicals exports totaled €120.9 billion in the year’s first ten months, a decline of €28 billion. The US and European countries not part of the EU were the largest markets. Click through here to read more.

And here is the latest in chemical industry and market news:

Being well-informed is crucial for industry experts. If you are amenable to new opportunities, be sure to check out our New Jobs for Engineers and Scientists

CHEManager International keeps you up to date on the latest industry news. Scroll down for more and enjoy reading.

Dr. Ralf Kempf
CHEManager International




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2nd European Chemistry Partnering

Feb. 23, 2018
Frankfurt/Main, Germany

EyeForPharma Barcelona 2017

Mar. 14 - Mar. 16, 2017
Barcelona, Spain

2. German-Turkish Innovation Summit 2017

Mar. 15 - Mar. 16, 2017

LogiChem Europe 2017

Mar. 28 - Mar. 30, 2017
Distribution & Logistics 2018

If you are amenable to new opportunities, check out our New Jobs for Engineers and Scientists.


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