Home / Knowledge / News / Textiles / Tosoh to hike liquid caustic soda prices in Feb
Tosoh to hike liquid caustic soda prices in Feb
18
Dec '12
Tosoh Corporation is revising upward its domestic prices for liquid caustic soda. Product shipped on or after February 1, 2013, will increase in price by at least ¥13 per kilogram on a solid conversion basis.

Tosoh’s decision to hike prices stems from a desire to ensure a stable supply of caustic soda for domestic demand amid the company’s concerns for the viability of its electrolysis operations as worldwide demand for the products of those operations—chlorine derivatives and caustic soda—declines.

The decision comes as Tosoh’s other measures to ensure stable supply confront the increasingly harsh business conditions for the company’s electrolysis operations. To date, those measures have centered on the company’s aggressive marketing of the chlorine derivative products of its electrolysis process, domestically and abroad.

The company also has attempted to improve the profitability of its electrolysis operations and to thus sustain their production levels and stable supply through fixed and other cost reductions, energy savings, and rationalization.

Tosoh will continue to reduce its manufacturing, logistics, and other electrolysis-related costs. But the global decline in demand for caustic soda and chlorine derivates and the uncertain economic outlook compels the company to raise its prices for liquid caustic soda domestically.

Tosoh Corporation is a Japanese chemical company established in 1935 and listed on the First Section of the Tokyo Stock Exchange. It is the parent of the Tosoh Group, which comprises 130 companies worldwide and a multiethnic workforce of over 11,000 people and generated net sales of ¥687.1 billion (US$8.4 billion at the year-end rate of ¥82.19 to the US dollar) in fiscal 2012, ended March 31, 2012.

Tosoh is one of the largest chlor-alkali manufacturers in Asia. The Company supplies the plastic resins and an array of the basic chemicals that support modern life.

Tosoh Corporation

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Textiles | On 23rd Jan 2017

MagnaColours develops new sustainability standard

MagnaColours, manufacturer of printing inks and ink bases, discharge...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search