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Prospects of Chemical Industries

Major global cities in Asian, European and American continents constitute chemical companies with international business operations. Products of chemical tycoons range from typical household detergents to chemicals used in aerospace industry. Chemical substances are widely used in agro industries, health care sector, technology and telecommunications. It is estimated that chemical industry in USA employs more than one million people and it contributes a major portion of exports. In developed countries like China, Japan and Russia, chemical companies are the second largest energy consumers in the manufacturing industry. Recent economic recession and global economic meltdown affected chemical industries too. Cost cutting measures, plant closures and lay offs helped major chemical corporations stay away from drastic effects of economic recession.

Posted by: Jimer on Sep 25 2013

Tags: Chemicals Chemicals Detergents

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