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Many European countries gradually loosened border controls from 15th, especially the movement of people between the EU and Schengen Area countries, to help restart the economy. For Europe's chemical industry, easing border controls contributes to logistics support, increased mobility has brought demand, and with continued economic incentives, a recovery seems imminent. However, the epidemic was not over yet, and easing the epidemic may lead to a second rebound. Therefore, the recovery of the European chemical industry must overcome the epidemic.
Recently, several European Union countries have announced timetables for the significant liberalisation of border controls. For Europe's chemical industry, a loosening of border controls would be a boon. The European market is a cohesive whole, but the production of a terminal product, even if all the production lines are in Europe, they often cross borders several times. Since the outbreak of COVID-19 in Europe, almost all the international transportation within Europe has been interrupted. Even if the key materials can be released due to the protection policy, the security inspection of the accompanying personnel at the border will still cause logistics obstruction, which has brought unimaginable difficulties to the production of the European chemical industry. Today, therefore, a loosening of border controls is another shot in the arm for Europe's chemical industry, in addition to economic stimulus.
With border controls relaxed, European countries will further carry out economic stimulus package commonly. Currently, the EU is proposing a 750 billion euros ($847 billion) economic recovery plan, including 500 billion euros in aid and 250 billion euros in loans. In Germany, the German Finance Ministry is considering an additional budget of 50 billion euros to provide more funds for the economic stimulus package. For the European chemical industry, it also means good news on the demand side. Many companies and industry associations are thinking about the second half of the year and are actively preparing production or investment projects.
However, all the good measures to benefit enterprises is the premise of effective control of the epidemic. In Europe, the situation has improved greatly, but it is still far from being fully controlled. Although the staff of European chemical industry are not dense on the whole, with the relaxation of social control measures, the risk of virus infection among employees will increase in the short term, and the pressure of prevention and control will increase instead of decreasing. But once the outbreak occurs within the enterprise, not only the short-term good measures can not enjoy, the efforts made during the epidemic will be wasted. It can be said that with all the positive factors in place, whether the enterprises can enjoy these benefits depends on their own level of epidemic prevention. Epidemic is the key to the recovery of European chemical industry.