European Chemmakers Urge Brussels to Curb Chinese Imports as Plant Closures Accelerate
Updated
Updated · Nikkei Asia · Jul 16
European Chemmakers Urge Brussels to Curb Chinese Imports as Plant Closures Accelerate
1 articles · Updated · Nikkei Asia · Jul 16
Summary
European chemical manufacturers warned plant closures are speeding up across the sector and pressed Brussels to respond faster and more forcefully to rising Chinese imports.
Vynova has already cut production and sold its largest German site last month, saying the European market is being swamped by Chinese material.
An Ineos unit also questioned the climate impact of importing Chinese goods, widening the industry's case beyond pricing pressure to environmental concerns.
The appeal underscores mounting strain on Europe's chemicals base as producers argue import competition is eroding domestic capacity and forcing shutdowns.