Abstract
THE SWISS CHEMICAL INDUSTRY owes its start to silk ribbons. Fashionable, fragile, frivolous silk ribbons, it turns out, were the inspiration for one of the most successful pharmaceutical and specialty chemical industries in the modern world. Specifically, it was dyes and colors for silk that got the industry its serious start in the mid-18th century. The silk textiles industry was a major presence in Switzerland at the time, supplying luxury fabrics throughout the world. And supplying dyes and colorants for these textiles was one of the sexiest industries around. Since then, companies have evolved to form an industry that in 2006, the latest year for which complete data are available, saw its top 10 chemical and pharmaceutical producers ring up sales of $110 billion, according to the Swiss Society of Chemical Industries (SSCI). Some of those companies are products of the convulsive wave of mergers and spin-offs that marked the industry in the mid-1990s, particularly ...
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