Home / Knowledge / News / Textiles / Ishihara Sangyo to close Singapore titanium dioxide plant
Ishihara Sangyo to close Singapore titanium dioxide plant
13
Aug '13
Ishihara Sangyo Kaisha, Ltd. (“ISK”) announced on August 12, 2013, that as a part of its ongoing reformation of inorganic business portfolios, it will close the titanium dioxide production plant of its 100% subsidiary ISK Singapore Pte. Ltd. (“ISK Singapore”) located at 39 Tuas West Drive, Singapore, and will consolidate the production of titanium dioxide products into its existing plant in Yokkaichi, Japan.

Due to the strong local currency, the higher cost infrastructure and the scale of the plant, the business at ISK Singapore has been challenging, and the recent sharp increase of feedstock prices and worldwide sluggish demand has further impacted its profitability negatively to such an extent that significant improvement cannot be expected in the foreseeable future.

Under the given situation, ISK considered it inevitable to downsize its inorganic chemicals business in order to sustain the business by achieving a rapid earnings recovery and increasing the market competitiveness by the consolidation of resources into Yokkaichi Plant.

To improve the performance of inorganic chemicals business, ISK continues to put various plans into practice including overall cost reductions, increasing sales of value-added products such as functional materials, and commercialization of new business such as rare metals and battery materials.

Ishihara Sangyo

Must ReadView All

Courtesy: Shopper Stop

Apparel/Garments | On 30th Mar 2017

Contactless payments at Shoppers Stop

India's leading fashion retailer Shoppers Stop has entered into a...

Textiles | On 30th Mar 2017

Cotton target price kept unchanged in Xinjiang

China’s National Development and Reform Commission (NDRC) has kept...

Apparel/Garments | On 30th Mar 2017

FY17 net sales grow 1.8% at G-III Apparel Group

For the fiscal ended January 31, 2017, net sales at apparel marketer...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

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

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
March 2017

March 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