Breaking News

Chemical Manufacturing Is Up and Outlook is Good

November 22, 2005

Fifty-six percent of chemical companies said the state of the market is “good,” up from just 27% last year, according to Washington, DC-based Synthetic Organic Chemical Manufacturers Association’s (SOCMA) “Second annual business outlook” survey. Additionally, 70% of responding companies expect a 5-10% increase in sales in 2005.
However, SOCMA members predict market share held by competitors in evolving foreign markets, such as China, India and Eastern Europe, will double to 40% by 2007.
“U.S. manufacturers are saddled with the burden of overhead costs stemming from high corporate taxes, frivolous lawsuits and excessive government regulation, all of which put us at a disadvantage when competing with other trading nations,” commented SOCMA president Joe Acker. “We must create a level playing field so the U.S. chemical manufacturing industry can compete and win against foreign competitors.” More info: www.socma.org.
  • Sparkle & Shine

    Sparkle & Shine

    Melissa Meisel, Associate Editor||November 21, 2016
    Glam packaging and upscale scent combos are big at Yankee Candle for Holiday 2016.

  • Cos Bar: Turning 40 and Hitting Fast Forward

    Cos Bar: Turning 40 and Hitting Fast Forward

    Christine Esposito, Associate Editor||November 21, 2016
    With a recent investor infusion, a new CEO and rebranding effort underway, this luxury beauty retailer has big plans.

  • Organic Matter

    Organic Matter

    Christine Esposito, Associate Editor||November 14, 2016
    FTC and USDA hold a public roundtable to discuss consumers’ perception of organic claims.

  • The World Comes to Orlando

    The World Comes to Orlando

    Tom Branna , Editorial Director||December 1, 2016
    More than 1,600 chemists traveled to Florida for the IFSCC Congress

  • The Plex  Phenomenon

    The Plex Phenomenon

    Denise Costrini, Croda North America||December 1, 2016
    Croda details the hair-protecting qualities of bond multipliers and the company’s new bond-building formulation system.