European chemicals body hails trade secrets directive

David Eldridge
EUROPEAN PLASTICS NEWS

Published: December 2, 2013 3:33 pm ET
Updated: December 2, 2013 3:39 pm ET

Related to this story

Topics Materials, Public Policy, Europe

The European Chemical Industry Council (Cefic), the pan-European representative body for the chemicals industry, has welcomed the adoption by the European Commission of a proposal for a directive on the protection of trade secrets.

The directive, announced on Nov. 28, would aim to protect innovation know-how and confidential business information (CBI) on a harmonized basis at the European Union level.

The Commission said one in five companies has reported at least one attempt to steal its trade secrets in the past 10 years.

Cefic director general Hubert Mandery said: "This is a critical step to protect European companies' CBI in the case of misappropriation. For chemicals producers in Europe, CBI is an important, intangible asset. The proposal would empower them to more confidently invest in Europe."

The organization argues that protecting intellectual property makes an important contribution to the pursuit of innovation in Europe's chemicals industry.

In its statement, Cefic said: "Action by the European Commission in this area is crucial to innovation, the fruits of which benefit European citizens' daily lives and can help boost Europe's ability to compete in an increasingly competitive global marketplace, especially for small- and medium-sized enterprises."

Cefic has campaigned for a range of intellectual property protection measures, including patents. In 2012, it welcomed the introduction of a unitary patent across the EU and an agreement to set up a unified patent court. It says the Commission should now pursue global patent law harmonization.

The organization is also seeking stronger enforcement of action against counterfeiting and suggests Europe can take a lead on a coordinated approach to this issue at a global level.


Comments

European chemicals body hails trade secrets directive

David Eldridge
EUROPEAN PLASTICS NEWS

Published: December 2, 2013 3:33 pm ET
Updated: December 2, 2013 3:39 pm ET

Post Your Comments


Back to story


More stories

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Image

Foster building medical polymers plant

September 19, 2014 1:39 pm ET

Foster Delivery Science is investing $8 million in a new plant in Putnam, Conn., for production of medical polymer blends, as well as rods, film or...    More

Image

BP to restart damaged PTA unit in limited capacity by November

September 19, 2014 10:27 am ET

British Petroleum plc may restart its fire-damaged purified terephthalic acid (PTA) feedstock unit in South Carolina in late October or early...    More

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Image

Study: 75 percent of Australia's ocean debris is plastic

September 18, 2014 7:48 pm ET

About 75 percent of the trash found in the waters off Australia's beaches is plastic, with most of that coming from local sources rather than sea-born...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events