04 September 2007 10:12 [Source: ICIS news]
FRANKFURT (ICIS news)--Asian chemical markets were on the agenda in Frankfurt on Tuesday as industry representatives including the German chemical industry association (VCI) met delegates from across Europe and Asia.
The Chemicals in Asia conference, organised by the European Chemical Marketing and Strategy Association ECMSA, was discussing how European producers could benefit from growth, while looking at the risks and challenges involved in investing in these emerging economies.
However none of these countries has significant oil and gas reserves, with
He added that Chinese firms were not spending sufficient funds on research and development (R&D), risking the sustainability of their industry and preventing a move into value-added downstream chemicals.
The conference runs from 3-4 September in Frankfurt, Germany.
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