These reports are beginning to read like forensic examinations of an industrial autopsy.
The Agonizing Decline of One of Europe’s Core Industries
https://www.wsj.com/business/energy-oil/the-agonizing-decline-of-one-of-europes-core-industries-49d4231b?mod=energy-oil_news_article_pos5
The auto sector is Exhibit A, but the anxiety doesn’t end there. Take Europe’s beleaguered chemicals industry…
The sector employs well over a million people and provides the ingredients for all the stuff of modern life, from polyethylene packaging to phenol for painkillers…
Plants capable of producing more than 25 million tons of chemicals a year closed in the European Union and the U.K. between 2020 and 2025, according to Chemical Market Analytics, and others are running well below capacity. Investment in new capacity plunged by 86% last year, the European chemical industry’s trade body said this week.
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