The West European Petrochemicals Industry in 1994

Published 01 Jan 1997
Reference 4791
Industry Chemicals
Region Europe
Summary

The case describes the development of the petrochemical industry in Europe, the major European competitors, global demand and supply conditions, attempts at industry restructuring and self-regulation. It takes stock of the industry in 1994 as it is poised to enter another period of investing.

Teaching objectives

The case allows an analysis: Of the forces driving overcapacity in industries The different regional and institutional approaches to deal with overcapacity An analysis of the tragedy of the commons in dealing with overcapacity

Keywords
  • AR1997
  • INDUSTRY RESTRUCTURING
  • OVERCAPACITY
  • SELF-REGULATION
  • COOPERATION AND COMPETITION
  • GLOBALISATION
  • NATIONAL CHAMPIONS
  • INDUSTRY COMPETITIVENESS
  • CAPACITY REDUCTIONS
  • RD1299
  • European Competitiveness
  • Europe