Toray's fibre operating income up slightly

09 November 2007 07:04  [Source: ICIS news]

TOKYO (ICIS news)--Toray Industries’ fibres segment recorded a 5.7% year-on-year increase in first-half operating income partly on firm sales of nylon fibre for airbag manufacturing in Japan and Thailand, the Japanese chemicals firm said on Friday.

The segment – where operating income rose to yen (Y) 10bn ($90m) from Y9.5bn - also saw an increase in sales of unwoven polypropylene (PP) staple fibre in South Korea as well as polyester-cotton mixed woven materials in China.  

Net sales of the segment were up 6.3% to Y320.9bn from Y301.8bn a year ago.

Overall consolidated operating income of Toray for the six months ended 30 September increased 2.6% to Y44bn from Y42.9bn the previous year. Net sales rose 7.5% to Y802.3bn from Y746.2bn, while net income decreased 18% to Y23bn from Y28bn the year before.

In the chemicals and plastics segment, engineering plastics including nylon, polybutylene terephthalate (PBT) and polyphenylene sulfide (PPS) for automotive applications increased.

Sales of the operations of resin compounds and molded goods in southern China also rose.

The six-month operating profit of the chemicals and plastics segment was up 3.4% to Y9bn from Y8.7bn the previous year, while net sales increased 8% to Y199.4bn from Y184.6bn.  

($1 = Y112.68)

By: Tomomi Yokomura
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly