WATCHING THE WORLD SHORT TERM THINKING IN PETROCHEMICALS

With David Knott from London Petrochemical producers tend to be bad at long term planning. In particular, not enough note is taken of the investment plans of others, a problem compounded by the secrecy that clothes them. That is the view of Roger Longley, director of Chem Systems Ltd., London, in a review of Europe's petrochemicals industry for a Shell International Chemical Co. Ltd. in house publication. "Too many firms are driven by crude, nonstrategic motives such as growth, market

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