首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
The crisis met by Japanese chemical groups is caused by The productions manufactured by Asahi Chemical, Japan’s largest polysty
The crisis met by Japanese chemical groups is caused by The productions manufactured by Asahi Chemical, Japan’s largest polysty
admin
2010-01-24
34
问题
The crisis met by Japanese chemical groups is caused by
The productions manufactured by Asahi Chemical, Japan’s largest polystyrene manufacturer take up of the market.
By Paul Abrahams in Tokyo
Results from Japan’s largest petrochemicals companies for the year to March 31st reflect the crisis facing a sector plagued by sluggish domestic demand, over capacity, plunging prices and the appreciation of the yen.
News of the sector’s dire trading position follow this week’s decision by Showa Denko to sell its poly styrene business.
The company, a marginal manufacturer, sold its 30,000 tonnes a year Kawasaki Plant to Asahi Chemical, Japan’s largest polystyrene manufacturer with capacity of about 333,000 tonnes a year, equivalent to about 25 per cent of the market. The move was the latest in a series of alliances and mergers as the troubled industry restructures.
Mitsubishi Petrochemical, the country’s biggest plastics group, reported a loss of Y 8.39 bn ($80m) compared with pre-tax profits last year of Y 8.25 bn. The group made an operating loss of Y 13.8 bn, the first since 1982. The poor result came despite cost cutting measures, lower raw material prices, and Y 4 bn worth of profits from equity sales.
Turnover fell 12.2 per cent from Y 372 bn to Y 326 bn, as prices and volumes declined. Earnings per share, which reached Y 52.5 in 1991, fell to a loss per share of Y 9.44. The group, which is scheduled to merge with Mitsubishi Kasei on October 1st, cut its dividend from Y 8 per share to Y 4.
Mitsubishi Kasei’s pre-tax profits fell 76. 8 per cent from Y 9.3 bn last year to Y 2.2 bn. The group reported its first operating loss in 40 years at Y 467 m, and only managed to post positive pre-tax results by selling Y15.7 bn worth of equities. Turnover fell 1.8 per cent, the fourth yearly decline, to Y696 bn. The dividend was halved to Y 3 per share.
Mr. Morihisa Takano, managing director, said the newly merged group would generate pre-tax profits of Y 10 bn on sales of Y 55 bn during the year to March 1995.
He predicted petrochemicals prices would bottom out during the summer. No decision had been made a bout the dividend, but the new company could pass it during the current year, the pre-tax profits at Mitsui Petrochemical Industries, Japan’s biggest polyethylene maker, plunged 75 per cent from Y 9 bn to Y 2.26bn on sales down 9.3 per cent at Y 272 bn. The company blamed poor demand for the slump which offset the benefits of cost-cutting measures. The dividend is unchanged at Y 6 per share. The group forecasts pre-tax profits for the current year marginally up at Y 3 bn on turnover of Y 276 bn.
Shin-Etsu, one of Japan’s biggest makers of poly vinyl chloride, reported profits down 26.1 per cent from Y 17.6 bn to Y 13 bn. Sales increased 0.2 per cent from Y 275 bn to Y 276 bn. Net profits fell 26.6 per cent to Y 7.08 bn, or Y 21.85 per share.
The group maintained the final dividend at Y3.75, making the full-year pay out Y7.5 per share. Shin-Etsu forecasts pre-tax profits for the cur rent year of Y 15.5 bn on sales of Y 277 bn.
The outlook for the petrochemicals industry remains bleak. The imbalance between supply and demand for ethylene, the basic building block of petrochemicals, is about 2.8m tonnes of ethylene and is set to deteriorate further this year.
A massive 700,000-tonne-a-year ethylene complex owned by Maruzen, Mitsui Petrochemical and Sumitomo Chemical comes on stream later this year and Mitsubishi Petrochemical is also commissioning a new 300,000-tonne-a-year plant this year.
选项
A、12%
B、25%
C、26.6
答案
B
解析
原话是:“…equivalent to about 25 per cent of the market.”占市场份额25%。
转载请注明原文地址:https://kaotiyun.com/show/2PzO777K
本试题收录于:
BEC中级听力题库BEC商务英语分类
0
BEC中级听力
BEC商务英语
相关试题推荐
•YouwillheararadiointerviewbetweenawomanjournalistandMichaelDell,ChairmanofDellInc.andhisnewCEO,KevinRolli
Youwillheartwomanagers,PeterandSarah,whoaretakinganMBAcourse,discussingtheirexperiencesandviewsofbusiness.F
YouwillhearpartofabusinessnegotiationbetweenMr.MitchellandMadamLi.Foreachquestion23—30,markoneletterA,Bo
YouwillhearpartofabusinessnegotiationbetweenMr.MitchellandMadamLi.Foreachquestion23—30,markoneletterA,Bo
TaskTwo-WhatcausedproblemsinthefirstyearForquestions18-22,matchtheextractswiththeproblems,listedA-H.F
•Writeananswertooneofthequestions2-4inthispart.•Write200-250wordsontheanswerpaper.•Writethequestionnumber
Answeroneofthequestions2,3or4below.Question2Yourdepartmenthasfollowedindividualbuyingdecisionsforalongti
•Thebarchartsbelowshowthenumberofcomplaintsmadebyconsumersaboutdifferenttypesofproductsandservicesintheyea
•ReadthefollowingarticleaboutJapanesestyleofmanagementandthequestions.•Foreachquestion(15-20),markonelett
•ReadthefollowingarticleaboutJapanesestyleofmanagementandthequestions.•Foreachquestion(15-20),markonelett
随机试题
政治发展性质改变的标志是()
实践作为检验真理的标准,既是确定的又是不确定的,其不确定性是因为()
简述Addison病的临床表现。
患儿,男,生后第10天发现口腔黏膜出现小片状白色乳凝块样物,不易擦拭,周围黏膜正常。进食、精神尚可。引起该病的病原微生物是
迅速判断病人心搏停止的方法是
君平昌成律师事务所是一家采取特殊普通合伙形式设立的律师事务所,曾君、郭昌是其中的两名合伙人。在一次由曾君主办、郭昌辅办的诉讼代理业务中,因二人的重大过失而泄露客户商业秘密,导致该所对客户应承担巨额赔偿责任。关于该客户的求偿,下列哪些说法是正确的?(2015
甲公司为上市公司,主要从事开发、生产、安装各种大型水电设备和提供技术服务,适用的增值税税率为17%。2007年,该公司签订了以下销售和劳务合同,并据此进行了收入的确认和计量:(1)1月1日,与甲公司签订了一份期限为18个月。不可撤销。固定价格的销售合同。
资产风险度与预期收益的关系是()。
PlatoandSt.AugustinearementionedinthetexttoChoicePointrevealedthefraudbecause
WhichofthefollowingistrueofAaliyah?WhatwasthenextmoviethatAaliyahwastobein?
最新回复
(
0
)