Volume 89 Issue 51 | pp. 24-28
Issue Date: December 19, 2011

Uphill Climb

For chemical firms, 2011 was another year of recovery, but came with stiff challenges
Department: Business | Collection: Economy
Keywords: economy, employment, acquisitions, specialties, cleantech, intellectual property, scientific instruments

Much like the year before it, 2011 was a year of recovery for the chemical industry. But the industry’s gains were made against strong headwinds. The economic crisis in Europe raised the specter of a new recession, and in Japan a natural catastrophe nearly ground industry to a halt.

Merger and acquisition activity started strongly, with a spate of blockbuster deals unveiled during the early months of the year. But as economic worries set in, . . .

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