28 January 2011 17:53 [Source: ICIS news]
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Thomas Mayer, general manager of chemical trade group Chemie Baden-Wurttemberg, said the state’s chemical producers had not yet regained their pre-crisis performance levels and were lagging behind
Mayer went on to warn that 2011 wage increases needed to take into account conditions at the state’s many smaller and weaker chemical firms.
Baden-Wurttemberg counts as
Mayer said one of the key reasons for the relatively weak performance in Baden-Wurttemberg’s chemical industry was lower sales by pharmaceuticals producers, which were hurt by government healthcare reforms.
Pharmaceuticals account for about 40% of Baden-Wurttemberg’s overall chemical industry sales.
Mayer said while the state’s chemical industry employers had managed to largely avoid cutting jobs during the crisis, producers needed to see sustainable growth this year - over and above pre-crisis levels - in order to keep employment stable.
Mayer was speaking in an interview with a German business publication that will be published on Saturday (29 January). Chemie Baden-Wurttemberg provided ICIS with a transcript.
The outlook for the state compares with a forecast of 2.5% in
In related news, BASF CEO Jurgen Hambrecht warned this week against euphoria over the 2011 economic outlook.
Growth rates would be lower this year, compared with 2010 when producers caught up from the sharp decline in 2009 amid the global economic and financial crisis, he said.
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