VCI: Germany’s chemicals output to grow by 1.5% in 2016

Chemical industry association VCI (Frankfurt) says that it expects production of chemicals in Germany to grow by 1.5% in 2016, to reach €193.6 billion ($210.3 billion) at constant prices, in view of economic stabilization of the European home market, the robust upward trend in the United States, and lasting demand in Asia. “All in all, much speaks for somewhat brisker chemical business with customers at home and abroad,” says Marijn Dekkers, president VCI and chairman at Bayer. “In basic chemicals, the favorable oil price reduces the