chemicals

Enhancing the value of rationalization and restructuring

Enhancing the value of rationalization and restructuring

European share of chemical production has been steadily decreasing, but there are opportunities to be more competitive. The global chemical industry is a more competitive marketplace than ever before. For European manufacturers the high cost of feedstock and energy prices in relation to the US, and high labour, capital, and SG&A costs in relation to China and other low-cost producers create significant headwinds.