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Sourcing, sales and marketing of chemicals in Central Eastern Europe and Russia
The countries of Central Eastern Europe and Russia have been undergoing a period of rapid economic growth which is forecasted to continue at above Western European rates for many years and the countries catch up after communism. Poland’s chemical1 industry was reported as being worth $20bn in 2005 and growing at close to 8% yearly. Hungary has more than 2000 companies active in the sector. Russia’s tremendous natural resource endowment and white hot economic growth creates tremendous opportunities. As the region re-enters the global economy, the applications are almost as wide as the industry globally. Clearly very specialized industries and applications like chip fabrication or robotics that are not much present in the region are not yet up and running, and it only takes a little research to establish that. But as global business relocates its factories to low cost Europe the opportunities are increasing all the time.
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