Chemicals
Six of the ten biggest chemical companies in the world are based in EU countries, manufacturing and supplying numerous products to virtually all sectors of the economy. EU chemical companies constitute the industry's biggest research & development and production base. But their future may be problematic. Asia is emerging as an economic powerhouse, gradually eroding the position of the EU industry.
Many companies have been shifting from bulk chemicals into speciality chemicals, where higher margins can be realised and they are less vulnerable to energy prices. But the profitability of EU chemical companies is far lower than those based in the US and capital investment in the EU industry is declining. Prices are often determined by the world market so many companies are looking increase their competitiveness by controlling costs and maximising operational efficiency.
Voorne Partners' experts in this sector come from the industry and have been involved in international change programs. They understand the industry's dynamics and its future needs.
