Glossary

Essenscia Federation Chemistry and Life Sciences industries

With a 70 billion EUR global turnover, the Belgian Chemical sector represents 25% of all Belgian manufacturing activity. Base chemicals account for 39%, followed by pharma with 33% whilst the remaining third includes plastics, rubber, soap, paints etc. The sector is quite innovative with one new patent every day! It accounts for 1/3 of Belgian goods exports.

TCM has a partnership with essenscia, the Belgian Federation for Chemistry and Life Sciences Industries. We work with several members of the federation for receivables on Belgian and foreign located debtors. The top destination countries of Essenscia members are Germany (20%); France (12%) and USA (10%) where TCM is naturally active. Exports to other countries increase and TCM’s global network in over 100 countries is quite useful to essenscia members.

Contact us for a bespoke offer on sales@tcm.be or +32 16 74 52 01.

 

Updated 7 June 2017

 

Definitions provided under this section refer to the Belgian situation; unless specified otherwise. The texts are meant to summarize concepts in daily language and should not be considered as comprehensive or definite. We welcome suggestions for modifications or additions at glossary@tcm.be.