European chemical industry growth rate will slow in 2011

The European Chemical Industry Council (Cefic) has confirmed that its earlier forecast for the 2011 European chemical industry growth rate will be slower than in 2010.

Cefic Prime Minister Hubert. Mandeli said: "We maintain our view for June this year that the impact of factors such as the rebuilding of inventories, government stimulus measures, and strong export growth has caused a strong rebound in European chemical industry in 2009 and early 2010, but this rebound The speed has started to slow, and by the end of 2011, the level of European chemical production will still be lower than the peak level reached in 2007."