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Recently, the German Chemical Industry Association (VCI) issued a report saying that the agency maintained the country’s annual chemical and pharmaceutical production growth rate in 2021 at the previously forecasted level of 4.
VCI stated that the annual growth in sales of the chemical and pharmaceutical industry was achieved in the context of global material shortages, logistics challenges, and rising energy and transportation costs
The VCI report shows that in the third quarter of Germany, chemical production (excluding pharmaceuticals) increased by 6.
Sales of the German chemical industry in the third quarter increased by 3.