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Mitsui Chemicals’ loss widens

8:55 AM MST | February 5, 2013 | Deepti Ramesh

Mitsui Chemicals reported a net loss of ¥9.7 billion ($105 million) for the 9 months ended 31 December 2012, compared with a net loss of ¥200 million in the same period of the previous year. Nine-month sales decreased by 8.4%, to ¥1 trillion, mainly because of a ¥62.0-billion decrease in sales in the company’s basic chemicals segment as a consequence of an explosion at the company’s Iwakuni-Ohtake production complex at Waki, Japan. There was also a ¥30.6-billion fall in sales in the basic chemicals segment due to a downturn in the...

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