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German Chemical Industry Calls for Business Model to Maintain Competitiveness

2024-04-22 04:22:29.318000

Germany's chemical industry is expressing concerns about its competitiveness against global competition and is calling for a business model to maintain its position. Christian Kohlpaintner, CEO of Brenntag, has emphasized the need for urgent consolidation within the industry due to its patchwork structure. The aim is to restore and secure competitiveness against competitors from the Middle East, Asia, and the US. Stephan Kothrade, CTO of BASF, highlights the importance of translating the green transformation into a viable business model. Johannes Heckmann, CEO of a specialty chemicals manufacturer, is calling for an Industrial Deal to establish fair competitive conditions. Markus Steilemann, CEO of Covestro and honorary president of the German chemical industry association, stresses the need for increased competitiveness and a solution to the energy crisis. The industry rejects claims of constantly seeking financial assistance and instead calls for reasonable framework conditions. The German chemical industry has experienced a significant decline in sales and production in 2023 [8a093607].

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