Ube strengthens chemicals business Aims to restore profitability in caprolactam

摘要

Ube Industries (Tokyo), one of the top 10 manufacturers of chemicals in Japan in revenue terms, is targeting recovering sales and earnings at the company's chemicals segment and is focused on restoring to profitability the caprolactam business within the segment. The chemicals segment, which has been hurt by challenging market conditions, is expected to recover in the near term, says Yuzuru Yamamoto, CEO of Ube Industries. The market share of Ube's caprolactam business has eroded with excess supply and the entries of new manufacturers, so the company is taking measures to improve the business's performance.