FECC Congress: Industry Recovery is Slow in Spain

摘要

Chemical production in Spain is expected to be broadly flat in 2010 compared with 2009 as the industry struggles to cope with the effects of the global economic and financial crisis and continued uncertainty and volatility in the euro zone, says Fernando Iturrieta, president of Spanish chemical industry association Feique (Madrid) and CEO of petrochemicals producer Cepsa Quimica (Madrid). In a keynote address to the European chemical distributors' association FECC (Brussels) annual congress, which opened yesterday in Barcelona, Iturrieta said that output of chemicals dropped almost 11% in 2009 compared with 2008.