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: Lower growth, higher costs make Europe situation worse
“Sector growth is flat, and our EU net chemicals trade surplus is beginning to narrow."
VIDEO: ICIS Special Report - C3 value chain, early autumn