Shin-Etsu Records Big Fall in First-Half Profits

Shin-Etsu Chemical reported a 65% fall in net profits for the fiscal first half ended September 30, 2009, to ¥35.5 billion, compared with the year-ago period, on sales down 40%, to ¥417 billion. The company’s polyvinyl chloride (PVC) business in Japan continued to be in a severe condition impacted by sluggish demand, and the PVC business in Netherlands was affected by the decline in the European market and the manufacturing plant's periodic maintenance. As a result, the business remained weak. The PVC business in the U.S., however, maintained good...

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