10 November 2008 12:58 [Source: ICIS news]
TOKYO (ICIS news)--The value of housing construction orders that Asahi Kasei received in October decreased 11% to an undisclosed amount compared with the same period a year before, the Japanese chemical producer said in a preliminary report on Monday.
Orders of unit and multi-dwelling homes declined by a wide margin due to a high level of orders in October 2007, the company said.
From April to October, the value of home construction orders was 1% higher than the same period a year earlier, according to the producer.
Asahi Kasei reported on 5 November that consolidated operating income in the homes segment for the six months ended 30 September decreased 37.3% to yen (Y) 3bn ($300.3m) year on year, partly due to a surge in construction costs caused by high feedstock prices.
Net sales in the segment increased 2% to Y170.3bn.
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