In this edition of Reaction, we look at manufacturing excellence in Australia with a view on how best practice could be leveraged in other developed economies to deliver added value. We also focus on import taxes and duties - an often overlooked area where companies can recognize significant cash tax savings.
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China is the world's second biggest consumer of chemicals, and chemical makers have long derived benefits from the low cost of labour, cheap infrastructure, favourable government policies and an immense market. The industry is now in a process of transition, reaching for new growth drivers. Part of this is developing capabilities in speciality chemicals and high-end polymers. In addition, a distinct shift is underway as governments and enterprises eye a green revolution