Tosoh gains on higher chloroprene rubber sales, pricing

Tokyo, Japan—Tosoh Corp. has reported increased shipments of its chloroprene rubber materials in a consolidated results statement for the three months to 30 June.

During the group’s fiscal first quarter, the chloroprene rubber operation also benefited from a rise in export prices driven by strong overseas demand, said a 1 Aug statement from the Japanese group.

Tosoh’s rubber unit is part of Petrochemical Group segment which posted a 22.5% rise in Q1 net sales to Yen46.2 billion (€345 million), compared with the first quarter of fiscal 2017.

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