What are the main economic concerns raised by German chemical industry leaders following the AfD's election win in Saxony-Anhalt?

VCI director general Wolfgang Grosse Entrup warned that the AfD’s policies—specifically weakening the EU, exiting the euro, and sealing Germany off from the outside world—are the 'exact opposite' of what Germany’s export-oriented economy needs; he stated such political shifts could damage investor trust in political stability, European cooperation, and social openness, potentially causing investments to be postponed or relocated, and emphasized that democracy, the rule of law, Europe, and open markets are fundamental for Germany’s industrial competitiveness.

Why is LEUNA-Polyamid shutting down operations at the Leuna hub, and what are the immediate consequences?

LEUNA-Polyamid failed to find an investor and is winding down operations at the Leuna petrochemicals hub due to the Middle East conflict driving up raw material prices, high energy costs, and competition from Chinese producers; the company filed for self-administered insolvency in June, and the shutdown will result in 400 job losses, according to managing director Martin Naundorf and public broadcaster ARD.

Dour Mood for German Chemicals Following Far-Right Win, While LEUNA-Polyamid Shuts Capacity

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Dour Mood for German Chemicals Following Far-Right Win, While LEUNA-Polyamid Shuts Capacity — ChemBrief Topics

Dour Mood for German Chemicals Following Far-Right Win, While LEUNA-Polyamid Shuts Capacity

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