LONDON (ICIS)--The European chemicals industry could be mostly wiped out within the next 10 years if regulators do not move to increase the region’s competitiveness, the chairman of Switzerland-headquartered chemicals producer INEOS said on Friday.
Writing in an open letter to European Commission president Jose Barroso, INEOS chief Jim Ratcliffe said that chemicals producers could go the way of the European textile industry, felled by an inability to respond to international competition, within the next decade.more >>
INSIGHT: The sums don’t work for China in the short term
“Chemicals traders and producers interested in the long term should, perhaps, be careful of what they wish for.” more
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