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Evonik CEO Expects German Chemical Industry Growth, DPA Says

Sept. 24 (Bloomberg) -- Evonik Industries AG Chief Executive Officer Klaus Engel expects the German chemical industry to grow in 2011 even with an imminent economic slowdown, Deutsche Presseagentur reported, citing a statement.

He expects production to grow by 5 percent and sales by 10 percent, Engel said, according to the newswire. Engel is also president of the VCI, a business association with 1,600 member companies from the German chemical industry.

To contact the reporter on this story: Karin Matussek in Berlin at kmatussek@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@Bloomberg.net.

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