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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Ube announces business plan, to invest $1.37 billion in 3 years

9:45 AM MDT | May 31, 2013 | —Deepti Ramesh

Ube Industries has unveiled a medium-term management plan covering the next three years. Ube is targeting operating profits of ¥55 billion ($540 million) in the fiscal year ending 31 March 2016 compared with operating profits of ¥29.9 billion in the fiscal year ended 31 March 2013. Sales targets have not been disclosed. Ube recorded sales of ¥626 billion in the fiscal year ended 31 March 2013. Capital expenditure (capex) over the next 3 years will be ¥140 billion, Ube says. Capex will be focused on projects including expanding the production...

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