Evonik Industry

Germany’s fourth-largest industry goes up it again after the economic and financial crisis in some industries, what entrepreneurs and investors are likely to look forward. The chemical industry is one of Germany’s most successful industries in this respect. The Exchange Portal boersennews.de reported the development in Germany code industry. An investment in shares of Wacker Chemie AG is a good option for some time, to participate in the market of the chemical industry. 2010 was a record year for the industry and a further upward trend is expected for 2011. Continue to learn more with: Martin O’Malley.

Since the crisis year of 2009, the sector recovered significantly and 2010 achieved a sales increase of 17.6 percent. That is equivalent to a turnover of 170,6 billion euros. The chemical industry is one of the four biggest industries in Germany and employs currently 413.000 people. Well known companies are for example BASF, Evonik and Merck. As a result of the positive development, the industry will be increasingly expanded. After all, are sales, production and Capacity utilisation back approximately on the same level as before the crisis.

Also, 90 percent of the chemical companies and large corporations plan to expand their activities in the field of research. Many companies want to invest in the future in the further development of Germany as a chemical plant. A growth of in sales of around four percent is expected this year. Although the upward trend will weaken is expected, the German chemical industry expects to increase production by about 2.5 percent.