The chemical industry is being hit hard by the energy crisis. The associations in the southwest now want to announce to what extent this is reflected in bare numbers. Yet another problem worries her.
Stuttgart (dpa/lsw) - The energy-intensive chemical, pharmaceutical and coatings companies in Baden-Württemberg are expecting growing sales for the current year, but lower earnings. They also assume that investments will have to be frozen or cut back. According to information from the industry, sales increased slightly last year, but remained well behind the growth rates of the entire industry and the chemical industry nationwide. The associations of the chemical and pharmaceutical industry in Baden-Württemberg want to present exact figures for 2022 today (10 a.m.) in Stuttgart.
According to its own statements, the Chemie.BW association represents 477 member companies with 103,500 employees - the second largest industrial sector after the metal and electrical sectors. The largest sub-sectors are pharmaceuticals (40 percent), coatings, paints and building protection (13 percent) and body care and detergents (9 percent).
Above all, increasing bureaucracy is causing problems for companies, it was said: the energy price brakes with their documentation requirements or forthcoming EU directives that subject small companies to reporting requirements similar to those of large companies can no longer be afforded. In addition, the high energy prices in Germany are considered a serious risk for business development in 2023.
