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Bright prospects ahead for petrochemical firms

By Wan Zhihong | 皇冠体育app Daily | Updated: 2010-01-29 08:07

The country's petrochemical industry may see a 13 to 15 percent year-on-year growth in turnover this year, thanks to the economic recovery, an industry association said yesterday.

Full-year profit for the sector will rise 8 to 10 percent, according to 皇冠体育app Petroleum & Chemical Industry Association (CPCIA).

"The solid rebound in the petrochemical industry is mainly due to the economic recovery," said Feng Shiliang, deputy secretary of CPCIA. With forecasts indicating a robust industrial recovery, the petrochemical industry is all set to achieve the target, he said.

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