In this edition, we take a look at the ongoing wave of M&A activity, which is changing the face of the global chemical industry. We also investigate the changing shape of the Middle East chemical industry and what companies need to do to be successful in the face of declining feed stock advantage. Last, but certainly not least, there’s also an update on the latest trends and dynamics affecting the chemical industry in China.
Welcome to the first edition of REACTION magazine for 2017. As we reach the end of earnings season, many global chemical companies have reported robust results for 2016, but the outlook for 2017 and beyond remains mixed. Political uncertainties abound in Europe, with national elections due this year in Germany and France, following the recent poll in the Netherlands, where the parties are still trying to form a government as we go to press. Asian growth rates have come off from where they have been, but remain the strongest globally. Meanwhile, in the US, the industry is excited by President Trump’s proposed spending plans and tax cuts…if he can get them done.
As ever, our global chemicals and performance technologies team remains active in the industry, and we’ll again be hosting our annual industry conference in Dusseldorf on June 27th. We hope to see many of you there.
We’ll be back with our next edition in July, with an overview of customs tax practices for the global chemical industry and a deep dive into our recently launched Digital Transformation Survey with KPMG in Germany. Also starting with this edition, REACTION magazine is going green, replacing our print version with a fully digital magazine.
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