GERMAN PAINT INDUSTRY HIT BY COVID-19 AFTER SUFFERING DECLINE IN SALES DURING 2019
April 2nd, 2020
GERMANY’S strong paint and coatings industry is facing a significant loss in sales because of the global Covid-19 pandemic - Germany expects a fall in economic output of up to 20% in 2020. Industry experts expect that the country's coatings and paint industry will suffer accordingly.
This is likely to knock projections released in February (2020) by Germany’s Verband der deutschen Lack- und Druckfarbenindustrie (VdL), the industry association for coatings, paints and ink production, which had been predicting a slight recovery for the generally rather ...
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