In the Petrochemicals & Plastics segment, sales of synthetic resins increased as a result of domestic selling price increases taken in response to the rising prices of feedstocks such as naphtha. Sales of petrochemical products also increased with higher market prices reflecting high feedstock costs.
Sales increased ¥43.1 billion over the same period last year to ¥440.9 billion, while operating income decreased by ¥13.2 billion to ¥4.3 billion, showing the effects of rising prices for raw materials exceeding selling price increases as well as a large scale periodical maintenance shutdown of manufacturing plants occurring once in four years.
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Sumitomo Chemicals Company Limited
marketing@alchempro.com
