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Article: Singapore's swinging: despite an extremely difficult year, the country represents one of Asia's strongest locations for chemicals. (EDB: Advertisement Feature).
- Article from:
- Chemical Market Reporter
- Article date:
- July 1, 2002
CopyrightCOPYRIGHT 2002 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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SINGAPORE HAS GROWN to represent one of Asia's most cost-effective locations for the petrochemical sector to establish production. During 2001 the chemicals cluster, which comprises petroleum, petrochemicals and speciality chemicals, committed S$1.9bn worth of investment, making it the second largest cluster after electronics and precision engineering.
All this has been achieved in one of the most difficult years for the global petrochemical industry. And while market conditions for the chemical industry are expected to remain difficult throughout 2002, Singapore's Economic Development Board (EDB) says that interest from industry players remains at a healthy ...