"In some areas of the chemical industry you see very sizable overcapacity, which is a result of heavy investment activity that came online at the moment when suddenly growth expectations had to be corrected. There is a natural opportunity to consolidate."

BCG's Yves Willers discussed China's chemical industry.

The Wall Street Journal quoted BCG's Yves Willers regarding the chemical industry in China, "In some areas of the chemical industry you see very sizable overcapacity, which is a result of heavy investment activity that came online at the moment when suddenly growth expectations had to be corrected. There is a natural opportunity to consolidate.

Wall Street Journal