Released July 21, 2021 | NEW DELHI
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Germany is introducing a long list of measures to cope with the COVID-19 pandemic and encourage chemical production, such as postponing or deferring tax payments, a quick-loan scheme for small and medium-sized businesses, and short-term work ("Kurzarbeit") subsidies to preserve jobs and workers' incomes.
Despite these measures, COVID-19 continues to create a small percentage of delays in the completion of capital-spending projects within different sectors of the Chemical Processing Industry across Germany.
Germany's Chemical Processing Industry plans to complete 68 capital-spending projects next year, valued at $1.34 billion, according to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database. Most of the spending is in the petrochemicals sector, worth more than $935 million, which represents 70% of the total investment in the region.
Industrial Info is tracking 14 projects, worth $206 million, which were set to be completed in 2021, but have been pushed back to 2022 due to the global pandemic. Subscribers to Industrial Info's GMI Database can click here for a list.
Click on the image at right for a graph detailing the top 10 chemical companies in Germany for related projects, by total investment value.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
Despite these measures, COVID-19 continues to create a small percentage of delays in the completion of capital-spending projects within different sectors of the Chemical Processing Industry across Germany.
Germany's Chemical Processing Industry plans to complete 68 capital-spending projects next year, valued at $1.34 billion, according to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database. Most of the spending is in the petrochemicals sector, worth more than $935 million, which represents 70% of the total investment in the region.
Industrial Info is tracking 14 projects, worth $206 million, which were set to be completed in 2021, but have been pushed back to 2022 due to the global pandemic. Subscribers to Industrial Info's GMI Database can click here for a list.
Click on the image at right for a graph detailing the top 10 chemical companies in Germany for related projects, by total investment value.Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
