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Article: Europe bids for new chemical investments; countries offer a variety of incentives.(Site Selection)
- Article from:
- Chemical Week
- Article date:
- March 26, 1997
- Author:
CopyrightCOPYRIGHT 1997 Access Intelligence, LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Despite strong competition from Southeast Asia, Europe is still a favorite with manufacturers seeking greenfield sites and expansion or acquisition of existing facilities. With a population of 350 million, Europe offers the largest single chemical market in the world, good infrastructure, a skilled workforce, and appealing financial incentives.
But, despite its efforts to create a single European market, the agencies and regional development offices of European countries market harder than ever before to win projects. They offer a vast selection of land packages, financial incentives, competitive labor costs, and utilities.
At least 500 chemical projects are ...