09 August 2011 21:43 [Source: ICIS news]
LONDON (ICIS)--The EU and ?xml:namespace>
Chemical producers are following the debt crises with “growing concern” as the situations in the EU and the US contain considerable risks that could spill over into Germany's chemicals industry in the second half of the year, employers group BAVC said in an economic update.
In the first six months of 2011, Germany's chemical firms recorded a 6.5% year-on-year growth in production, but their expectations for the second half of the year have weakened, the group added, citing an industry survey.
BAVC said in addition to the debt crises, chemical producers are worried about soaring raw material costs, as well as uncertainties created by
The nuclear exit and planned restructuring of
Each euro 1 cent/kilowatt hour increase in electricity costs translates into additional costs of more than €500m ($714m)/year for
Meanwhile, recent economic forecasts pegged GDP growth for
($1 = €0.70)
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