Matthias Brinkschmidt, Head of Cash Management & Treasury Controlling, Linde AG, Binod Patwari, Head of Finance & Control, South and South East Asia, Linde Gas Asia Pte. Ltd and Peter Langshaw, Global Head of Energy, Power, Chemicals, and Mining Sector, Global Transaction Services, Citi
The chemicals sector has focused heavily on cash management, cost control and increased efficiency since the financial crisis to preserve margins and maximise working capital. Over the past year, the sector has experienced a significant recovery, not least due to growing demand from China and emerging markets. The focus on efficiency, control and effective use of cash has stood the industry in good stead to respond to this increased demand, and has enabled companies to invest in expansion and innovation. Furthermore, companies that have focused most on productivity have seen not only a significant growth in sales, but also a leap in profitability.