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Business
German industry is doing well
July 17, 2006
| A version of this story appeared in
Volume 84, Issue 29
First-half chemical production in Germany is up 3.5% over first-half 2005, reports Werner Wenning, president of the German Chemical Industry Association. That's down from the heady rate of 7% seen last year but still is "a very successful development," Wenning says. Unlike in 2005, when basic chemicals led the growth, this year other sectors are growing strongly: Petrochemicals are up 1%; polymers, 2.5%; fine and specialty chemicals, 7.5%; and pharmaceuticals, 8%. Sales are up 6%, to $103 billion, spurred by both production growth and higher prices.
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