APLA ’12: Brazil aims to have 5th largest chemical industry by '20

11 November 2012 20:56  [Source: ICIS news]

RIO DE JANEIRO (ICIS)--Brazil aims to have the world’s fifth largest chemical industry by 2020, the country’s chemical industry association said on Sunday.

Brazil’s chemical industry is estimated at $130.0bn (€102.7bn) in revenues, according to the Brazilian Chemical Industry Association (Abiquim).

The figure puts the country behind France with $137bn and South Korea with $139bn, said Abiquim president Fernando Figueiredo during a presentation at the Latin American Petrochemical Association (APLA) annual meeting.

Brazil could overtake France and South Korea over the next 2-3 years, he told delegates, adding, however, that the challenge for country is to stay ahead of India, which is trailing closely behind with $127bn.

The APLA conference ends on Tuesday.

By: William Lemos
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