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VCI: Germany's chemical production will increase by 5% this year

 Last Update: 2021-09-04
 Source: Internet
 Author: User

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Recently, the German Chemical Industry Association (VCI) predicted that German chemical production (excluding pharmaceuticals) will increase by 5.
0% in 2021
.
With a 7.

5% increase in manufacturer prices, the annual sales of German companies producing chemicals (excluding pharmaceuticals) will increase by 12.

The growth rate of the German chemical industry has exceeded the overall growth rate of the German chemical and pharmaceutical industries
.
VCI predicts that this year's chemical and pharmaceutical production will increase by 4.

5%, which is the same as the June forecast, and it has raised its chemical and pharmaceutical industry sales growth forecast to 11.

Christian Kuhlmann, President of VCI and Chairman of Evonik Industries, said: “Since 2018, the German chemical industry will exceed the 200 billion euro mark for the second time this year, and it will also greatly exceed the pre-crisis sales record

In addition, VCI stated that the average capacity utilization rate of the chemical industry reached 85.

9% in the second quarter, which was once again higher than normal

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