ACC forecasts an upturn in chemical production in 2010

06/26/2009 | Purchasing.com

After declining by 8.1% in 2009, production of chemicals should begin to recover in 2010, when 1.6% of growth is expected, according to Thomas Kevin Swift, chief economist of the American Chemistry Council. Swift said inventories-to-sales ratios for chemicals in the supply chain, though still at record highs, have improved in recent months, and "it appears that the massive de-stocking of 2008 and into the first quarter of 2009 is dissipating."

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