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VCI raises production and sales expectations for German chemicals

 Last Update: 2021-06-29
 Source: Internet
 Author: User

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Recently, the German Chemical Industry Association (VCI) announced that due to the good performance of the industry in the first quarter, the association has raised its expectations for the production and sales of German chemicals this year
.

At present, VCI predicts that German chemical production will increase by 4.

VCI stated that the impact of intermediate supply issues on the chemical manufacturing industry has slightly weakened, and chemical/pharmaceutical production and sales continue to maintain an upward trend, which is higher than the level before the crisis in the first quarter
.

Due to the sharp increase in prices, domestic sales in Germany have improved significantly from the previous quarter

German manufacturing chemical demand is also recovering
.

For the first time, the sales of German companies to EU customers have exceeded the level before the new crown pneumonia epidemic

Christian Kuhlmann, President of VCI and Chairman of Evonik Industries, said: “The results of the first few months of the German chemical industry indicate that this year may be a good year
.

However, the prospects are not entirely bright

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