Driving Forces for the Russian Chemical Industry
Thursday December 6, 8:30 am ET
PALO ALTO, Calif.--(BUSINESS WIRE)--The Economic Research Analytics practice at Frost & Sullivan is pleased to announce its 2007 Quarterly Analyst Briefing Presentation on the Russian chemicals industry to be held on Tuesday, December 11, 2007 at 10:00 a.m. PST.
The Russian chemical industry, which accounts for around 5.5 percent of the country’s industrial production, plays a vital role in the Russian economy. This industry witnesses a positive outlook due to the implementation of economic reforms. Approximately 800 firms are engaged in production of plastics, synthetic, rubber, tires, paint materials, chemical fiber and thread, petrochemicals, along with synthetic resin and plastics.
This briefing will benefit all industry participants in the chemicals industry, especially those looking at market entry and investments in Russia. End users will also benefit from this briefing. Highlights of the briefing include a political and economic backdrop of the country industry-related policies, industry profile, along with growth drivers and growth opportunities.
“The Russian chemical industry, an integral part of its economy, witnesses stable growth and increased investment in new projects,” observes Frost & Sullivan Research Analyst T. Gunaranjan. “The economic reforms introduced in the 1990s resulted in the overall increase in output and increase in distribution of business activities. The initiatives undertaken by the Russian government to create Special Economic Zones gave tremendous opportunities to chemical manufacturing companies as they would benefit from lower taxes and duties.”
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Source: Frost & Sullivan
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