25 November 2009 15:18 [Source: ICIS news]
AMSTERDAM (ICIS news)--Players in the European aromatics sector are facing a period of lower growth in the aftermath of the petrochemical industry’s downturn in 2009, said Paul Hodges, Chairman of International e-Chem, on Wednesday.
“These are dangerous times,” said Hodges, speaking at the 8th European Aromatics & Derivatives Conference in ?xml:namespace>
Hodges nevertheless said that there was much to be learnt from previous downturns and how the industry had reacted then.
“Think tomorrow, but act today,” he said. “This is a marathon. A purely short-term approach will see companies in a vicious circle as this will close down their options for the future.”
Hodges outlined five key points for companies to act on in 2010:
The 8th European Aromatics & Derivatives Conference, jointly organised by ICIS and International e-Chem, commercial advisers to the global chemical industry, takes place from Wednesday 25 November to Thursday 26 November 2009.
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