Tokyo, Japan— Tosoh Corp. has reported mixed fortunes for its chloroprene rubber business over the first three quarters of its fiscal year.
The unit operates within Tosoh’s Petrochemical Group which saw a 29.9% year-on-year drop in operating income, to Yen12.3 billion (€97.9 million).
The fall in profitability over the nine months to 31 Dec, was despite a 6.8% rise in sales to Yen144.6 billion.
Tosoh, however, reported lower shipments of olefin products, such as ethylene and propylene due to scheduled plant maintenance activities.