EU chemicals sector requires further integration - Mapei Spa

27 May 2014 11:12 Source:ICIS News

ROME (ICIS)--The EU requires further integration in the chemical sector in order for the industry to thrive in the future, Giorgio Squinzi, president of Italy-based adhesives and chemical products maker Mapei Spa, said on Tuesday.

Speaking at the annual European Association of Chemical Distributors (FECC) Congress in Rome, Squinzi spoke of the industry’s importance on the continent but also noted investment has been in decline in recent years.

“The industry is a pillar of the European economy with 1.2 million direct jobs,” he said.

“It is time to create a more integrated Europe… with a consistent legislative framework that encourages [increased] investment [in the chemical sector].”

Squinzi also said the EU needs a clear strategy and the European parliament and Commission must work together to promote both investment and public education into the importance of the chemical industry.

By Stefan Naidu