Germany: The Big Mix

In 1945, when the Allies confiscated the vast German chemical cartel, the output of the industry's once peerless plants was reduced to little more than chlorine. Since then, in a remarkable resurgence, the Germans have rebuilt their industry at home and their markets abroad to the point where they are now pre-eminent in Western Europe.

In 1967, a recession year for the German economy and for many of the world's chemical makers, German chemical sales increased by 4.3% to $9.4 billion. This year, led by the top three—Bayer, Hoechst and BASF, which together account for more than half of the...

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