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 Public Policy, Materials, 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

Chicago City Council committee approves plastic bag ban

April 24, 2014 7:11 pm ET

Chicago is poised to become the next major U.S. city to enact a ban on single-use plastic bags after a City Council committee vote on April 24.    More

Image

PolyOne says new Shanghai center will ease collaboration across segments

April 24, 2014 2:34 pm ET

PolyOne Specialty Engineered Materials is opening an innovation Center in Shanghai's Jinqiao development zone that will serve as its new Asia Pacific ...    More

Biopolymer firms report success with PHA pilot production

April 24, 2014 1:30 pm ET

Biopolymer developer Meridian Inc. and Tate & Lyle plc have reported successful pilot production of Meridian's process to make polyhydroxyalkanoate,...    More

Songwon acquires division of India's SeQuent

April 24, 2014 12:22 pm ET

Songwon Industrial Group of South Korea has signed a deal with SeQuent Scientific Limited, India to acquire SeQuent's specialty chemicals business.    More

Image

Closed Loop Recycling out to become biggest milk bottle recycler in the world.

April 24, 2014 11:55 am ET

The new plastic milk bottle recycling line at Closed Loop Recycling is part of a 12 million pound ($20.1 million) investment strategy which CLR claime...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events