Does your company have any work to do during the financial crisis?
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For export-oriented manufacturing companies like ours, the financial crisis had a significant impact. Looking back at 2008, there was a decline in performance, layoffs, and salary cuts. I wonder what people’s views are on the prospects and opportunities in the petrochemical industry in 2009!
The financial crisis is both a crisis and an opportunity. We have been working non-stop and are working on new projects.
The soda ash plant of our company is facing significant difficulties.
As mentioned on the second floor, it is both a challenge and an opportunity, but this financial crisis has not yet reached its bottom; the tough times for businesses have just begun, and the prospects are not optimistic!
The overall situation is certainly not optimistic; there are far fewer events compared to 2008~
The prospects are not optimistic! In short, the financial crisis means that crises outweigh opportunities! So, is the super-large facility that our company plans to launch going to fail?
We are now producing in the smallest possible quantities, and there’s basically no benefit from that
Our company is okay, but we don’t have enough technical staff
Sigh. . . The profits from processing are very poor at the moment, and we’re planning to close down at any time soon. . . :lol
The financial crisis is like a dragon swaying its tail; this is only the beginning. 2009 was the most difficult year for China.............................
Reply to Floor 1: What kind of export manufacturing do you do? ? Manufacturing equipment?
We are operating at a low capacity here; mainly, the atmospheric and vacuum distillation units are in use to produce asphalt, while all other units have been shut down! !
Apart from operating at a low level, which leads to a decline in corporate efficiency, the impact on individuals is not significant.
Crisis = Danger + Opportunity. It depends on how the company addresses and resolves it. After each crisis, a number of companies fail, but at the same time, new companies emerge.
Rising oil prices led to difficulties in terms of corporate cash flow flexibility; now that oil prices have fallen, some small businesses do not have any idle funds available to them, making it difficult for them to survive, even though there is a large profit margin in processing activities at present.
Financial crisis, falling oil prices. It’s a great opportunity for refineries
We are also building it, it’s just progressing slowly!
Our company still has work to do for the time being; if we can get through the economic crisis, it will be an opportunity for significant growth
Haha, Director Wei! Let me elaborate for you haha: the catalytic process is in operation, the gases are separated, and projects for delayed coking and hydrogen production via hydrogenation are under construction. The key point is that these are still private enterprises! --I just don’t know how much longer it can hold on. Last edited by wdepei on 2009-3-12 22:45]
For me personally, the impact is only starting to show up this month; haha, my bonus from last month hasn’t been paid yet