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1 min read • Chemicals
The staying power of Europe's chemical industry
In all industries the production costs for sites in Western Europe are under scrutiny. And with more and more developing countries eager for industrialisation the pressure keeps mounting. But does this apply across all industries? To find out, Arthur D. Little compared the manufacturing costs of chemical products in Western Europe, the US, India and China. The astonishing result was that, while Europe may well be expensive, in this industry at least it is still one of the most competitive regions in the world.
In all industries the production costs for sites in Western Europe are under scrutiny. And with more and more developing countries eager for industrialisation the pressure keeps mounting. But does this apply across all industries? To find out, Arthur D. Little compared the manufacturing costs of chemical products in Western Europe, the US, India and China. The astonishing result was that, while Europe may well be expensive, in this industry at least it is still one of the most competitive regions in the world.
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