Despite current challenges, there are many opportunities for European companies to be successful in today’s chemical world.
30 September 2014, 4:30PM - 5:30PM, HKST
The European chemical industry faces a number of challenges - low growth, an aging asset base, the impact of US shale at the commodity end, increased IP investment by China at the specialty end and the burden of rigorous labor and energy laws.
Before we write off the sector, however, we should keep in mind the magnitude, strength and traditional advantages of European chemical companies. The region is still home to many giants in the industry, all backed by a huge base of world-class research and technology. European production plants are among the most efficient in the world, with outstanding levels of output and employee productivity. Europe is also a global industry leader in establishing overseas investments and accessing growth markets.
Despite current challenges, there are many opportunities for European companies to be successful in today’s chemical world. They can gain advantage from being the first overseas investors to establish significant footprints in the next wave of high growth markets.
In this webcast, we discuss the global economic recession that hit European chemical companies especially hard, and although the industry across Europe has recovered from the worst of the downturn, for many chemical companies, continued success will depend on a carefully calibrated set of strategies that involve innovation, geographical expansion into overseas markets and a rigorous focus on cost, efficiency and ongoing innovation.
LAUNCH WEBCAST (Click link to launch on-demand webcast replay)
This Webcast is a must for C-suite and directors who operate within the chemicals sector.
Join Erik Willems, Partner, Audit, KPMG in Switzerland, Vir Lakshman, Partner, Transaction Services, KPMG in Germany and Walter Bürger-Kley, Partner Transaction Strategy Group (Stratley), KPMG in Germany who discuss these opportunities.