The CEE Chemicals Sector
The 4th Annual CEE Chemical & Petrochemical Forum 2008 in Prague provided the participants with the current trends of the CEE chemical and petrochemical industry, and the latest stage of its development. Alexander Keller was one of the speakers at this conference. He talked about "Challenges and opportunities between advanced Western competitors and raw material-rich Eastern neighbors".
Alike Western competitors, CEE Chemical Industry is lagging domestic raw material resources. At the same time, Eastern competitors with cheap feedstock have the potential to more aggressively entering the markets. Developing a more value added portfolio with less feedstock dependency, CEE Chemical Industry has to rely on itself.
Albeit, attractive domestic markets offer opportunities for CEE companies, now setting the right course. In that context, only strategic development combined with best-practice operational excellence ensures sustainable success and translates opportunities into success.