21 March 2013 13:34 [Source: ICIS news]
French chemical producers would benefit from a gradual strengthening in the global economy, with growth mainly coming from emerging economies, Union des industries chimiques (UIC) said.
However, growth rates would remain relatively weak throughout the year as a recovery of the French and European economies was expected only towards the end of 2013, UIC said.
In 2012, French chemical industry production volumes were down 0.5% year on year, following 5.6% growth in 2011 and 8.9% growth in 2010.
The group also warned of the relatively high energy costs France-based chemical producers are facing, compared with the
If the French government fails to urgently implement policies to lower energy costs, France's chemical industry could be at a permanent disadvantage against major competitors, UIC chairman Philippe Goebel said.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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