I doubt that, Chemical companies are suffering due to destocking in Major Markets.
Some of them already did Capex or in middle of it. They are incurring increased interest cost as well.
New orders will take quite some time for GMM and GLE.
My Observations could be wrong, Pharma Revival Could be a side kick.
Bottom line is in Covid + 1.5 Years Lot of Capex happened hence Orders were booming.
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