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European chemicals trade group adds 54 new members in 2010

Date

03 Nov 2010

Sections

Trade & Society

Latest figures released show growing need by companies to leverage services by Cefic – the largest trade group in Brussels.

BRUSSELS, November 3, 2010 – Fifty-four new company members joined the European Chemical Industry Council (Cefic) in 2010, the council announced today, bringing the total number added during the past four years to more than 230.

The latest figures released from the Brussels-based trade group show that the number of new members has swelled in recent years mainly due to a growing need by companies, including chemical producers and “downstream” users such as manufacturers, to leverage services by Cefic – the largest trade group in Brussels.

“New members see value in having a combined voice on a number of issues, such as innovation, competitiveness and safe use of chemicals,” said Fabrice Tabankia, head of business development. “They join a broad network of members and partners that see value in our bespoke services, including economic analysis, advocacy and product stewardship.”

New and existing members from the European chemical industry have seen a growing need to communicate a combined position on a number of issues as the region loses share in a growing global chemicals market. The sector’s weakening status was highlighted in September in Cefic’s latest industry economic publication Facts & Figures. According to the report, Europe lost its top ranking in terms of global sales among geographic regions for the first time in 2009, dropping down to second place below Asia.

Although Europe experienced a drop in competitiveness, the EU chemicals trade surplus in 2009 amounted to €42.6 billion – a relatively strong result as the industry represents only 1.1 per cent of total EU gross domestic product.

Dr Tabankia added: “Our total membership is higher than at any other period in our 38-year history, despite consolidation in the industry.

“Cefic represents about 29,000 companies and about 24 per cent of global chemicals production, €449 billion in sales, and an important source of 1.2 million high-skill, high-paying jobs.”

For more information, please contact James Pieper on +32 (0)2 676 7398 or via email at jpi@cefic.be

Link to story on Cefic.org

http://www.cefic.be/Templates/shwNewsFull.asp?HID=1&NSID=781

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