Degussa is drawn into the tempest

Williams, Dede; Richardson, John
May 2006
ICIS Chemical Business;5/1/2006, Vol. 1 Issue 17, p19
Trade Publication
The article deals with the problems experienced by German firm Degussa as of May 2006. Degussa was founded in 1873 as a gold and silver refinery in far-removed Frankfurt and has been caught in Ruhr area politics since 1997, when energy giant Veba acquired a majority stake and merged Degussa with its other chemicals subsidiary, Hüls. Years of restructuring and being a pawn for industrial-political interest have left Degussa's workforce confused about its identity. As the chemicals sector moves forward, important decision about Degussa's future must be made.


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