Trade group expects German chemicals industry sales to increase by 0.5% in 2013, revenues to increase by 1.5% in 2014, output volumes to grow by 2% in 2014 from 1.5% in 2013
Noida, India , March 11, 2014 (Chemical Business) – VCI, a chemicals trade group in Germany, expects its member businesses' revenues to increase by 1.5% in 2014. It also expects sales to increase by 0.5% in 2013. Output volumes are projected to grow by 2% in 2014 from 1.5% in 2013. BASF, Evonik, Bayer, and Lanxess are the largest chemical companies in Germany. Dow Chemical, DuPont, and LyondellBasell are major foreign producers who have operations in the country.