KPMG Global Chemicals Institute is pleased to announce the launch of the twenty-fifth edition of REACTION Magazine, KPMG’s signature publication for the chemicals and performance technologies industry, which you can download here.
This edition takes a look at the progress chemical companies have made to close the gender gap, explores the growth of the Indian chemicals market and investigates the consolidation of the paints and coatings sector.
Chemical companies find new opportunities with gender equality
Research has proven that companies with better gender balance in leadership positions are more successful. Companies in which women make up 15 percent of management are 50 percent more profitable than those with less than 10 percent.7 However, the chemical industry - similar to most other industries - has a long way to go to achieve gender equality. We’re delighted to be joined by a number of senior female leaders from the industry including: Heidi Alderman, Senior Vice President, Intermediates, NA, BASF, Keri Lynn Fleming, Chief Human Resources Officer, Benjamin Moore & Co., Gloria Diana Glang, Vice President, Head of Advanced Surface Solutions, Business Unit Additives, Clariant Plastics & Coatings AG and Regina Mayor, Global Sector Head of Energy & Natural Resources, KPMG in the US to discuss what can be done to improve gender equality in the chemical industry. Please click here to read more.
Pro-growth environment pays off for Indian chemical companies
India is steadily moving up the ranks as a global economic power and a business magnet for investment. Key drivers for success in the chemical sector include proximity to strong growth markets, greater ease in doing business, and the continued development of petroleum, chemicals and petrochemical investment regions (PCPIRs). Backed by one of the strongest GDP growth rates in the world, the future looks bright for the Indian chemical industry. Please click here to read more.
Paints and coatings players seek more growth through consolidation
Like most of today’s chemical industry, the paints and coatings sector is going through a period of major consolidations to support growth, increase efficiencies and gain greater leverage with suppliers and customers.41 In 2017, Sherwin-Williams, a leading US paint maker, agreed to pay a record US$11.3 billion for its rival Valspar42, and PPG made repeated attempts to acquire AkzoNobel before ending its pursuit.43 More deals are expected in 2018.44 The question is whether consolidation will remain a viable growth strategy for this sector in the face of volatile prices, anti-monopoly laws, nationalistic concerns, and other factors worldwide. Please click here to read more.
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*Sources can be found on kpmg.com/reaction