Asian Chemical Connections
Faltering demand, rising costs and poor profitability are piling pressure on Japan's chemical sector. Now it faces tough decisions as the realities of cost-cutting, closures and restructuring come into play
Domestic demand for LCD televisions has been flat since an initial surge when Japan switched to digital broadcasting in 2011
With the exception of Shin-Etsu Chemical and a few others, chemical companies reported a significant decrease in profits for the first quarter of fiscal year 2012 (April-June). There has been no sign of improvement in the second quarter (July-September), with the top five chemical companies reporting declines in both revenues and profits.
INSIGHT: BASF balances North America advantage with pressure in Asia
"The results show how well the BASF verbund can work to balance out market pressures and risks."
VIDEO: Supply & demand fundamentals will keep oil low - Hodges