Chemical industry exits 2008-2009 financial crisis in "great shape"

08/7/2014 | ICIS Chemical Business (U.K.)

The global chemical industry has emerged from the economic crisis in "great shape" and is poised to continue increasing profits, Thorsten Bug writes. From 2002 to 2012, global chemical sales grew almost 9% per year on average. Companies' profits "can be attributed, among other things, to the moderate 2.8% annual rise in labour costs between 2001 and 2012, and to productivity increasing by 2.4% in addition to the growth in turnover in the same period," Bug writes.

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