By Reuters Staff
2 Min Read
BERLIN, June 9 (Reuters) - German chemical industry association VCI on Wednesday raised its chemical production outlook for the year, boosted by strong sales and demand from Asia in the first quarter, suggesting a faster than expected recovery for the industry.
Production in the chemical and pharmaceutical industries, which are important contributors to Germany’s gross domestic product, is expected to grow by 4.5% in 2021, up from previous forecast of 3% VCI made in March.
It sees revenue rising 8% to around 206 billion euros ($251 billion), and producer prices jumping 3.5% in the year.
The sector posted a 0.8% rise in first-quarter output from a year earlier. Revenue and prices also increased, rising 1.1% and as 0.3% respectively.
Christian Kullmann, who has been chairman of Evonik s executive board since May 2017, will head this Essen-based specialty chemicals company for another five years. At its meeting today, the super .
BERLIN (dpa-AFX) - Essen-based specialty chemicals company Evonik (EVK.DE) announced that its supervisory board, at its meeting today, has extended Christian Kullmann's contract until May 2027.Kullmann
Evonik more confident about full year after a strong first quarter chemeurope.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chemeurope.com Daily Mail and Mail on Sunday newspapers.
Evonik is back on course for growth chemeurope.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chemeurope.com Daily Mail and Mail on Sunday newspapers.