Chemical Industry: Austria's Location Loses Competitiveness
3 Articles
3 Articles
High wage and energy costs as well as complex regulation are increasing in the industry. Investments fall by ten percent, 600 jobs were cut in the last quarter alone.
VIENNA/LINZ. The chemical industry sees itself as a pillar of the business location in Austria, but also faced with some problems.
96 percent of all products manufactured in the EU need pre-products from chemistry. Austria must now act to ensure that industrial value added remains in the country. No industry without chemistry: A new EY study commissioned by the Austrian Chemical Industry Association (FCIO) shows the importance of the sector for the location. It generates 5.7 billion euros of value added per year, [...] The article Turning Point for the Chemical Industry: EY…
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