European chemical or eliminated within a decade

• Ineos chairman Jim Ratcliffe said last week that if the management do not take measures to enhance the competitiveness of Europe, the European chemical industry for 10 years or eliminated.Masking tape

 The next 10 years the European chemical industry or to repeat the mistakes of the European textile industry, due to their inability to deal with international competition ruthlessly eliminated by the market. He said that in the past three years, the European business profits Ineos has been halved, while operating profit in the United States increased to 3 times the original, because America's energy costs by 50% lower than in Europe.Sellotape