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 ______ Chemical group is not explained in detail in this report.
The crisis met by Japanese chemical groups is caused by ______ Chemical group is not explained in detail in this report.
admin
2010-01-24
39
问题
The crisis met by Japanese chemical groups is caused by
______ Chemical group is not explained in detail in this report.
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、Shin-Etsu
B、Mitsubishi Kasei
C、Mitsui Petrochemical
答案
A
解析
由“The group (Mitsubishi Kasei) reported it first operating loss…, and only managed to post…”可知。only一词举足轻重。
转载请注明原文地址:https://kaotiyun.com/show/BPzO777K
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
Youwillhearadiscussionbetweentwomanagers,KathyandDuncan,whoworkintheHumanResourcesdepartmentofacompany.For
Youwillhearfivedifferentpeopletalkingaboutthecompaniestheyworkfor.Foreachextract,therearetwotasks.ForTask
Youwillheartwomanagers,PeterandSarah,whoaretakinganMBAcourse,discussingtheirexperiencesandviewsofbusiness.F
Youwillheartwomanagers,PeterandSarah,whoaretakinganMBAcourse,discussingtheirexperiencesandviewsofbusiness.F
YouwillhearaBusinessStudiestutorandastudent,Martin,discussingRalcona,aUK-basedsoft-drinkscompany.Foreachquest
•Youwillhearfiveshortrecordings.Fivepeoplearetalkingaboutworkandmotivation.•Foreachextract,therearetwota
•Youwillhearaprogramaboutbusiness.•Foreachquestion(23-30),markoneletter(A,BorC)forthecorrectanswer.•
Answeroneofthequestions2,3or4below.Question2YourcompanyistodevelopinUSA.Yourmanagingdirectortoldyouto
•Thebarchartsbelowshowthenumberofcomplaintsmadebyconsumersaboutdifferenttypesofproductsandservicesintheyea
随机试题
下列选项中哪种疾病的胸痛性质为尖锐刺痛或撕裂痛()
肾上腺素不能用于解救氯丙嗪中毒引起的低血压的原因是
A.喉痉挛B.颅压升高C.醒后无宿醉感D.肾上腺皮质功能抑制E.胸壁僵直
下列关于有氧运动的注意事项错误的是
既阻断甲状腺激素生物合成,又能阻止周围组织中T4转化为T3的药物为
A、表观分布容积B、零级速度过程C、清除率D、速率常数E、隔室模型转运速度恒定、与血药浓度无关的体内药物转运过程,称为
与西药抗结核药联用,能减轻西药抗结核药对肝脏的损害的是()。
以下构成新要约的是()
(二)A集团公司(国有)拟将所属B工厂改制为B股份有限公司,2009年7月获得所在省国有资产监督管理委员会批准后,7月28日,A公司委托某土地估价机构对B工厂涉及的国有划拨建设用地进行估价。下面是根据委托方提供的相关资料和估价师现场勘察得到的相关信息整理出
以下关于视图的描述正确的是
最新回复
(
0
)