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The German Chemical Industry Association (VCI) stated on May 18 that German chemical production fell 4% year-on-year in the first quarter of this year, but it increased by 1.5% compared to the fourth quarter of last year, and the order growth was mainly from German users. In the first quarter, the average capacity utilization rate of German chemical plants increased by 2.4 percentage points to 84.1%. Sales revenue from domestic chemical operations in Germany increased by 3.5% from the previous quarter to reach 43.1 billion euros.

Klaus Engel, chairman of VCI and CEO of Evonik Industries, stated: “The current orders received by German chemical companies are increasing. Some business indicators show that the industry’s confidence is increasing, but we should not overestimate these indicators. The current EU The debt crisis has not yet been resolved, the economic outlook remains uncertain, and our most important export market has not recovered."

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