Chemical sales reach $14.2b. in '05

Sales were broken into exports which increased by 18% to $7.6b., and local sales which were 2% higher than 2004 at $6.6b.

The chemical and pharmaceuticals sector proved to be Israel's biggest growth industry in 2005 as total sales grew 10 percent to $14.2 billion from 2004, the Israel Manufacturers Association (IMA) said Wednesday. Sales were broken into exports which increased by 18% to $7.6b., and local sales which were 2% higher than 2004 at $6.6b. "Last year was the most successful year in more than a decade for Israeli pharmaceuticals," said Yosef Barnea, Chairman of the Chemicals and Pharmaceuticals division of IMA. "2006 can be even better."