Chemistry Industry not Immune to Recession
Year-End Survey Reports Sharp Declines – Slow Path to Recovery Projected for 2010

According to the Year-End Survey prepared by the Canadian Chemical Producers’ Association (CCPA), the chemistry industry fared no better than other manufacturing sectors in 2009. Recessionary forces were primarily responsible for a sharp decline in sales of basic chemicals and resins in 2009 – a decrease of 35% to $16.6 billion from 2008 levels in current dollars.