Socma sees weaker outlook for 2009

Socma President, Joe Acker, persented the results of Socma's fifth busienss outlook survey at Informex 2009. The survey showed that overall outlook for the chemical industry has weakened in the 2008 reporting cycle with fewer companies reporting an increase in sales and more of them report actual declining sales. This trend is expected to continue in 2009.
Despite the less positive outlook, companies reported planned investments in R&D remain comparable to the last two years.
Socma