Taiyo Nippon Sanso has released its first-half 2012 fiscal reports. Over this period the company reported a 1.1% decline in year-on-year sales to ¥234,799m, though overseas sales appreciated.
Operating income also slipped 12.5% to ¥15,774m, while ordinary income fell 10.3% to ¥16,005 million and net income declined 17.7% at ¥8,414m.
In a press statement released by TNSC the firm noted a recovery in some industrial gas sectors. The firm remarked, “Demand in key customer industries such as steelmaking and chemicals is gradually recovering after a sharp drop at the beginning of the period due to the earthquake disaster, but sales of oxygen, nitrogen and argon were all slightly down a year-on- year. Sales of machinery and equipment too were significantly down due to shrinking demand from major capital investment projects such as air separation plants, though in Japan sales of welding and cutting equipment and materials were up.”
Meanwhile, overseas markets saw an appreciation in sales year-on-year. Sales of industrial gases increased 1.1% year-on-year to ¥144,608 million, while operating income edged up 0.9% to ¥11,155 million.
TGR reports that Taiyo Nippon Sanso (TNSC) is to expand its production capacity of the Water-18O stable isotope, which is a raw material for a drug used in FDG-PET examinations. The company will establish a new production facility with a capacity of 200kg per year at its Sodegaura plant at ...
Encouraging performances have been reported across the Chinese industrial gas and equipment community, with the recent fiscal releases of various companies.
Over the last month, Messer GmbH has put three new air separation plants into operation. Located in the western Chinese province of Sichuan, the investment totals approximately €80m.
Kunshan Yongxin Glassware, a heat resistant glass manufacturer for home appliances, will be the latest recipient of Air Product’s oxyfuel technology.
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