Production at Thirty Years' Depth: the Chemical Industry Is in Crisis Mode
4 Articles
4 Articles
Production at a 30-year low and capacity utilization as low as never before: German chemical companies are under pressure. This is shown by Wacker's record loss.
The figures are now unwarranted: European chemistry is sinking into a deep structural crisis, the effects of which are no longer a matter of warning but of a major stall. In three years, between 2022 and 2025, the production capacity announced at the closure was multiplied by six, reaching 37 million tonnes, or almost 9% of the European chemical capacity, representing 126 closure announcements. Behind these volumes, there are already 20 000 dire…
21:07 The European chemical industry is under increasing pressure. In virtually all major chemical countries, production sites are disappearing faster than new ones are being created. Belgium is an exception in the figures, but...
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