Bleak outlook for chemicals.
Speakers at the Chemical Industry Association's Annual Business Outlook conference in London, said that they expected continued restructuring in the chemical industry and an uncertain economic climate.
Cees Van Lede, ceo of Akzo Nobel, said he believed 1999 would not be an easy year
Van Lede also predicted an ongoing liberalisation of world trade, which will continue to call for a global presence in most chemical markets.
Adair Turner, director general of CBI, claimed that `these are worrying times for world economy, and few sectors are more aware of these issues, because few are more exposed to global competition, than the chemical industries.'
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