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
83
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
•YouwillheararadiointerviewbetweenawomanjournalistandMichaelDell,ChairmanofDellInc.andhisnewCEO,KevinRolli
TaskOne—Theindustriestheyreported•Forquestions13-17,matchtheextractswiththeindustries,listedA-H.•Foreach
Youwillhearadiscussionbetweentwomanagers,KathyandDuncan,whoworkintheHumanResourcesdepartmentofacompany.For
Youwillhearfiveseniormanagerstalkingaboutwhytheircompaniesselectednewlocations,andaboutadifficultythataffecte
Youwillhearfiveseniormanagerstalkingaboutwhytheircompaniesselectednewlocations,andaboutadifficultythataffecte
Youwillheartwomanagers,PeterandSarah,whoaretakinganMBAcourse,discussingtheirexperiencesandviewsofbusiness.F
•Youwillhearaprogramaboutbusiness.•Foreachquestion(23-30),markoneletter(A,BorC)forthecorrectanswer.•
•Thethreechartsbelowshowacompany’soperatingprofit(in$million),turnover(in$million)andunitsales(i.e.numbero
Aninternationalbusinessmagazinerecentlypublishedanarticleaboutyourcompany.However,thearticlecontainedanumberof
ThebarchartbelowshowsthepredictednumbersofparticipantsonthreecoursesattheWakeleyBusinessCollegeduringthecomi
随机试题
在Excel中,若要快速打开最近使用过的工作簿文件的方法是()
导致心脏性猝死最常见的疾病是
肖先生,72岁,胃癌晚期,不能进食,给予脂肪乳、氨基酸等输入。一周后注射部位沿静脉走向出现条索状红线,局部组织肿胀、发红,病人主诉有疼痛感。
甲企业将一栋写字楼租赁给乙公司使用,并采用成本模式进行后续计量。2015年1月1日。甲企业认为,出租给乙公司使用的写字楼,其所在地的房地产交易市场比较成熟,具备了采用公允价值模式计量的条件,决定对该项投资性房地产从成本模式转换为公允价值模式计量。该写字楼的
安岩公司里一些新来的会计在结算每天的账目时遇到了一些技术问题,于是公司请某高校财会系的吴教授开发了一门培训课程。该课程设计良好,而且完全适合该公司的近1/3需要在这方面提高技能的财会人员,公司总经理对此很满意,于是他决定,“既然有如此好的培训课程,那就让财
在助人过程中,履行保密原则是以遵守()为前提的。
下列全是唐宋时期的一组作品是()。
设z=sinχy,求.
数据流的类型有【】和事务型。
CaringforElderlyParentsCatchesManyUnpreparedA)LastJuly,JulieBaldocchi’smotherhadamassivestrokeandwasparalyzed.
最新回复
(
0
)