Asian Chemical Connections
Upstream cuts and downstream concerns are likely to colour the Q1 reporting season, which kicks off this month.
SABIC grabbed the headlines earlier in April with its announcement of 1,050 job cuts in Europe. The cuts will be made from a European employee total of 6,000. In the Netherlands, where the company has its European headquarters and a number of chemical plants, 420 job losses are planned, according to union officials.
INSIGHT: Europe set to lose half of its VAM production capacity
"The majority of buyers have shown little concern at the lost capacity."
VIDEO - ICIS Americas Lunchtime Bulletin 4 December 2013