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 On Oct. 1st, Mitsubishi Petrochemical is going to merge with
The crisis met by Japanese chemical groups is caused by On Oct. 1st, Mitsubishi Petrochemical is going to merge with
admin
2010-01-24
51
问题
The crisis met by Japanese chemical groups is caused by
On Oct. 1st, Mitsubishi Petrochemical is going to merge with
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、Kawasaki Plant
B、Mitsui Petrochemical
C、Mitsubishi Kasei
答案
C
解析
听力原文是“…which is scheduled to merge with Mitsubishi Kasei on October 1st(上标)…”。
转载请注明原文地址:https://kaotiyun.com/show/nPzO777K
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
Youwillhearadiscussionbetweentwomanagers,KathyandDuncan,whoworkintheHumanResourcesdepartmentofacompany.For
Youwillhearaspeakergivingagroupofmanagersadviceonhowtorunaproject.Asyoulisten,forquestions1-12,completet
Youwillhearaspeakergivingagroupofmanagersadviceonhowtorunaproject.Asyoulisten,forquestions1-12,completet
Answeroneofthequestions2,3or4below.Question2YourcompanywillbeginbusinessinShanghai.Yourdepartmenthasstud
AnswerONEofthequestions2,3or4below.Question2Yourcompanyrecentlysponsoredaneventandtheheadofmarketinghas
Youhaverecentlyhadanumberofproblemswithalocalcompanywhichsuppliesyouwithgoodsforyourworkplace.Youhavebeen
Thegraphbelowshowsthenumberofpermanentfull-time,permanentpart-timeandtemporarycontractemployeesinasoftwaredesi
•Readthejobadvertisementbelow.•Foreachquestion(31-40),writeonewordinCAPITALLETTERSonyourAnswerSheet.
AYouprobablyneedtoreducethenumberofpeople.Costsavingsthroughcombiningredundanttasksisacommongoalforme
随机试题
ForIndia,startingitsindependentlifeonlythirteenyearsago,therewerealarmingproblemstobefacedimmediatelyiftheco
多发性抽搐症的病位主要在( )
下列关于未成年人犯罪的说法中正确的是:
下列关于国际劳工组织的说法正确的是()。
下列关于税负转嫁的表述中正确的是()。
破产界限的实质是()。
某项调查研究表明,80后和90后的年轻人更喜欢通俗唱法的歌曲,而对美声、民族等唱法不感兴趣。美声、民族等唱法正逐渐被时代所淘汰。下列哪个选项如果正确,最能对以上结论构成有效的反驳?()
在某国的总统竞选中,争取连任的现任总统声言:“本届政府执政期间,失业率降低了两个百分点,可见本届政府的施政纲领是正确的。”如果下列哪项为真,则能有力地削弱以上的申辩?
违反《中华人民共和国治安管理处罚条例》的行为,依当依法追究()。
Astudyofarthistorymightbeagoodwaytolearnmoreaboutaculturethanthatispossibletolearningeneralhistoryclass
最新回复
(
0
)