Japan's five major chemical companies have suffered recurring profit declines in the year ending March, due to the rising naphtha values. Though the companies managed to achieve sales growth as they rraised polymer prices to reflect the higher cost of naphtha, the speedy increases in naphtha price amid growing global demand limited their ability to pass rising costs on to buyers in a timely manner.
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Monday, May 12, 2008
Rising naphtha costs affect profits of five major Japanese players
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