Article: France's storage industry faces a harsh environment. (chemical storage industry)

France's storage industry faces a harsh environment

The West European chemical storage business is facing important challenges in the early 1990s. A recessionary economy and a sluggish chemical industry do not provide the ideal backdrop for growth. In addition, increasingly stringent environmental requirements for bulk liquid terminals are proving a significant financial burden for a business that has a history of modest profitability.

The chemical storage sector in France is no exception. France's F350-billion ($65 billion) chemical industry is Europe's second-biggest, with 1990 exports worth F145 billion and imports worth F127 billion. The private ...

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