(AOF) – Groupe Berkem announces today that it has initiated the study of a project to merge its main subsidiaries, Berkem, Eurolyo, Lixol and Adkalis, grouped together within their parent company Berkem Développement (100% subsidiary of Groupe Berkem), according to a schedule currently being developed. The plant chemistry specialist thus intends to simplify its organization and optimize the interactions between its various departments, in line with the reorganization carried out in recent months around four areas of activity.
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Nothing is going well for German chemistry
German chemicals, very dependent on Russian gas, are in difficulty. Following sluggish sales in the automotive sector and falling demand in construction, production is down 8.5% in 2022, with overall sales down 1.6% to 63.1 Billions of Euro’s. Specialty chemicals are doing better. On the other hand, the production capacity utilization rate in basic chemicals has slowed markedly to less than 80%. Germany’s third industrial sector is tempted to relocate to the United States, where energy costs are much lower. With the Inflation Reduction Act, the United States has put in place an appropriate environment for the current challenges.