The chemical industry in Saxony is currently operating well below its capacity. "In order to keep this important industry in Saxony, we urgently need internationally competitive energy prices as well as practical and unbureaucratic approval processes," said Saxony's Minister of Economic Affairs Dirk Panter (SPD) during a visit to Wacker Chemie AG in Nünchritz (Meißen district).
According to the Northeast Regional Association of the German Chemical Industry Association (VCI), plant capacity utilization in eastern Germany is currently only at 70 percent. A level that is no longer considered economically viable. The industry is facing massive competitive pressure due to high energy prices, increased administrative burdens and a weak economy.