11 September 2012 16:30 [Source: ICIS news]
The industry’s R&D spending will be around €9.2bn ($11.8bn) in 2012, up from €8.8bn in 2011 when it rose 6.5% from 2010, Frankfurt-based chemical producers association VCI said
BASF executive board member Andreas Kreimeyer, who heads VCI’s research and science portfolio, said that chemicals and pharmaceuticals rank among
The strong position German chemical firms have on international markets is primarily the result of their continued research and their ability to innovate, Kreimeyer said.
He also called for tax incentives for R&D and measures to ease the access to risk capital, in particular for small- and medium-sized chemical firms.
($1 = €0.78)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections