Chemical industry still holding out
The fact that the global economy is slowing down is not affecting the global chemicals industry, according to German firm Ceresana’s Industry Monitor (CIM).
Despite the economic crisis, some companies have not put a stop to hiring more employees and increasing their investments, except for Eastern and Western Europe, where workforce numbers are to be reduced.
This CIM midsummer survey that was conducted in July 2012 says in general, the industry is realistic about future challenges.
Three of the ten companies interviewed said that the business status is good. Only 16% of the interviewees are expecting that investments will go down while the remaining anticipate that investments will remain steady if not increase with the alternative financing that they have in mind such as leasing (29.5%), shareholder capital (20.5%), and supplier credit (17.2%).