Sales expectations increasing among UK chems producers – CIA

11 February 2013 16:45  [Source: ICIS news]

LONDON (ICIS)--Optimism among chemical producers in the UK increased into the new year, industry body Chemical Industries Association (CIA) said on Monday, with nearly half of producers predicting higher sales volumes in the next 12 months.

According to the UK trade body’s latest quarterly business survey, carried out in January this year, 46% of chemical industry professionals polled expect higher sales volumes this year compared with 2012. The figure represents an increase on the 31% that predicted improved sales in the CIA’s previous survey.

42% of respondents expected sales volumes to be steady over the next 12 months, while 12% are predicting a decline in volumes. 80% of respondents expect employment levels at their businesses to remain steady or to increase, the same proportion as in the CIA’s previous survey.

The survey also looked into employee training and retention, with almost half of respondents admitted to issues with staff leaving to join other chemical companies, and a third to losing staff to competitors. A third of respondents also experienced difficulties caused by staff leaving for companies in other sectors.

By: Tom Brown
+44 208 652 3214

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