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STATE OF THE INDUSTRY Sustaining Growth after Recovery(PPT)

机译：恢复后的行业持续增长（PPT）

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Presentations from three years ago highlighted CMAI's growing concern that an extended and healthy period of up-cycle performance by chemicals, plastics and fbers markets had passed maturity and we were facing downward trends. Serious concerns were raised regarding the ability of consumers to continue to absorb higher costs without a signifcant negative economic reaction – unfortunately, these concerns turned into the stark reality of a Global Recession... Essentially all value chains experienced a challenging three quarters, beginning with the fourth quarter of 2008, forcing most producers and processors to turn down rates, close facilities or seek bankruptcy protection. By the middle of 2009, a revival of demand growth in Asia, particularly in China, became evident, reacting to that country's unprecedented stimulus programs. Concurrently, new units being started up in the Middle East and elsewhere experienced signifcant problems during commissioning and new production was slow to materialize. As a result, supplies were tighter than expected, boosting revenue and earnings for 2009 and for most of 2010. Nonetheless, commissioning problems are being resolved and other additions are being brought on-stream. This creates the largest amount of underuti- lized capacity the global market has seen. However, the signifcant cost-of-production differences are preventing much of this capacity from operating.
机译：三年前的介绍突出了CMAI的越来越担心，化学品，塑料和扶手市场的延长健康的上升时间，已经通过了成熟，我们面临下行趋势。关于消费者继续吸收更高成本的情况下，在没有意义的负面经济反应的情况下，提出了严重的问题 - 不幸的是，这些问题变成了全球经济衰退的暂缓现实......基本上所有的价值链都经历了一个挑战的三个季度，开始了2008年第四季度，强迫大多数生产者和处理器来拒绝利率，关闭设施或寻求破产保护。到2009年中期，亚洲需求增长的复兴，特别是在中国，明显，对该国的前所未有的刺激计划作出反应。同时，在中东和其他地方开始的新单位经历了调试期间的表征问题，新的生产速度缓慢。因此，供应比2009年的预期更严格，提高收入和收入，并在2010年大部分时间。尽管如此，正在解决调试问题，并正在进行其他添加。这造成了全球市场所看到的最大资金量的最大资金。然而，意义的生产成本差异正在防止这种能力的运行。

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