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Article: Eastern Germany Encourages Investment in Its Chemical Industry.(Brief Article)
- Article from:
- Chemical Market Reporter
- Article date:
- April 17, 2000
- Author:
CopyrightCOPYRIGHT 2000 Schnell Publishing Company, Inc. 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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THE GERMAN government is making a broad, general effort to increase economic investment in eastern Germany, and the chemical industry is considered an important target. Since 1996, new chemical investment in eastern Germany has risen steadily. It was just under $1.1 billion in 1998, according to the Industrial Investment Council (IIC).
Before 1989, eastern Germany was the sixth largest chemical producer on a global scale. Overall, $22 billion has already been activated in the region, of which more than $12 billion represents direct investment in the chemical industry alone. Another $7 billion has been applied to developing the utilities and oil and gas industries ...