Arab Today, arab today german chemical industry changes into reverse gear
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

German chemical industry changes into reverse gear

Arab Today, arab today

Arab Today, arab today German chemical industry changes into reverse gear

Berlin - DW

Chemicals producers in Germany are facing an uphill battle to compensate sluggish business in Europe which is in the grip of a protracted sovereign debt crisis. The industry will see a marked drop in output this year. Germany\'s export-oriented chemical companies are being forced to decrease their output levels as the eurozone debt crisis sees demand steadily declining in many nations of the 17-member single-currency bloc. The German Federation of Chemical Industry (VCI) said on Thursday it expected production in the sector to drop by three percent in 2012 year-on-year. \"Business is currently stagnating in the chemicals industry,\" VCI President Karl-Ludwig Kley said in a statement on behalf of the over 1,600 firms represented by the umbrella organization. Robust employment In the third quarter, output declined by 0.5 percent, with domestic sales dipping by one percent. Export sales, however, saw a one percent increase due to heightened demand in the US, South America and Asia, making up for a steep drop in exports to European nations. \"There\'s no sign of a turnaround on the continent,\" Kley said. \"We see very little chance of a pick-up in Europe as a whole.\" So far, declining production levels have not yet translated into massive layoffs across the industry. On the contrary, while the sector employed 428,000 people in 2011, the overall workforce has since risen to 437,000.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german chemical industry changes into reverse gear Arab Today, arab today german chemical industry changes into reverse gear

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german chemical industry changes into reverse gear Arab Today, arab today german chemical industry changes into reverse gear

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday