The Czech petrochemicals market should benefit from the country’s recovery from recession in 2013 despite weak growth of just 0.5%, according to BMI’s forecasts. With the industry’s key eurozone export markets experiencing a downturn, the persistent strength of the Czech koruna against the euro has militated against a recovery. However, BMI believes that any appreciation over the next few months is unlikely to be strong enough to threaten petrochemicals export growth. Over the long term, the automotive industry will remain a key driver of demand for polymers in the Czech Republic. Growth in engineering plastics, particularly in the polypropylene (PP) …
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