Rubber decline hits Ube group-profits

Tokyo – Ube Industries Ltd’s synthetic rubber business contributed to a steep decline in group profitability for the first three quarters of its current fiscal year, ending 31 March.

While group-wide net sales increased 6.6% year-on-year to Yen540.4 billion (€4,33 billion), Ube’s operating earnings fell 20.1% to Yen30.0 billion.

At Ube’s chemicals division, while net sales increased 4.2% year-on-year to Yen234.7…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with