Labor costs in the chemical industry are highest in Germany and lowest in Portugal, according to a new survey. BAVC, the German chemical employers' federation, found that Japanese labor costs rose by 24 percent, primarily because of a 21-percent increase in the value of the yen against the deutschemark. Italian costs, on the other hand, fell by more than 17 percent thanks to a falling lire.
The data, relating to 1993, took exchange rates and average renumeration into account.
Krupp opens China office
Krupp Maschinentechnik's rubber machinery division has opened an office in Shanghai, China.
Located at the Shanghai Institute of Synthetic Resins, the center is designed to improve the supply of spare parts to Krupp customers throughout China, to expedite customs clearances, transport within the nation and assist in the assembly and commissioning of new equipment, Krupp said.
Since 1990, Krupp has received orders for rubber equipment valued at about $65 million from 19 Chinese tire and rubber goods manufacturers.