Swiss chemicals group Clariant warns of more production leaving Europe (www.ft.com)
from schizoidman@lemmy.zip to world@lemmy.world on 16 Nov 16:15
https://lemmy.zip/post/53174429

cross-posted from: lemmy.zip/post/53174425

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The head of Swiss chemicals producer Clariant said the company would expand capacity in China and warned of “more production shifting away from Europe” because of the continent’s higher energy and labour costs.

The company has expanded two Chinese plants, which Keijzer said would allow Clariant to produce 70 per cent of the chemicals it sells in the country locally, up from about half.

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