ICIS Top 100 Chemical Distributors: NACD sees progress on economy, legislation

12 July 2013 09:43  [Source: ICB]

The health of the chemical distribution industry as a whole appears to be improving steadily, fuelled by the boom in natural gas exploration and the economic recovery in US housing and other market segments. This, coupled with positive news in employment figures, suggests the year ahead may bring better returns for the industry.

However, we still see caution in regards to investment and growth in the sector, as uncertainty remains on legislative and regulatory fronts, including healthcare regulations and potential for tax reform. More of these details will need to be clarified in the months ahead.

The NACD was pleased to see movement in the US Senate on Toxic Substances Control Act (TSCA) reform with the introduction of the Chemical Safety Improvement Act (CSIA) in late-May, led by Louisiana Republican David Vitter and the late Frank Lautenberg, a New Jersey Democrat who passed away on 3 June.

This bipartisan legislation is an important and much-needed step forward in modernising the 37-year old TSCA. We expect as this bill moves forward that tweaks will be necessary to CSIA for the reform to be successful as it pertains to distribution. But the bill represents an important step in the right direction.

NACD 

This year a Security Code was added to the program to enhance our members' demonstration of their security efforts

NACD's membership continues to improve upon an extremely positive safety record. Our members are twice as safe as all manufacturing combined and we continue to see distributors joining NACD for the value our Responsible Distribution programme brings to their operations.

This year a Security Code was added to the programme to enhance our members' demonstration of their security efforts now and into the future. This new code, along with the existing 12 codes, is a testament to the commitment of our membership to operate with the safest and highest quality in the industry.

I am honoured to represent our industry, proud to implement Responsible Distribution and excited to see growth coming back. I congratulate all of the firms listed here on achieving such success.

The health of the chemical distribution industry as a whole appears to be improving steadily, fuelled by the boom in natural gas exploration and the economic recovery in US housing and other market segments. This improvement coupled with positive news in employment figures signal that the year ahead may bring better returns for the industry.

That being said, we still see caution in regards to investment and growth in the sector as there is still uncertainty on legislative and regulatory fronts, including health care regulations and potential for tax reform ahead. To truly see industries expand and for jobs to be created, more of these details will need to be clarified in the months ahead.

The NACD was pleased to see movement in the US Senate on Toxic Substances Control Act (TSCA) reform with the introduction of the Chemical Safety Improvement Act (CSIA) in late-May, led by David Vitter, a Republican from Louisiana, and the late Frank Lautenberg, a Democrat from New Jersey who passed away on 3 June.

This bipartisan legislation is an important and much-needed step forward in modernising the 37-year old TSCA. We expect as this bill moves forward and is discussed that tweaks will be necessary to CSIA for the reform to be successful as it pertains to the unique role of distribution. But the bill represents an important step in the right direction.

NACD's membership continues to improve upon an extremely positive safety record. Our members remain twice as safe as all manufacturing combined and we continue to see distributors joining NACD for the value that our Responsible Distribution programme brings to their operations.

This year a Security Code was added to the programme to enhance our members' demonstration of their security efforts now and into the future. This new code, along with the existing 12 codes, is a testament to the commitment of our membership to operate with the safest and highest quality in the industry.

I am honoured to represent our industry, proud to implement Responsible Distribution and excited to see growth coming back. I congratulate all of the firms listed here in the ICIS Top 100 Chemical Distributors on achieving such success.


Author: Roger Harris



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