Tokyo – Sales in Tosoh's ChlorAlkali division, which produces MDI, grew by 26% in the first nine months of 2017.
High MDI prices help Tosoh in first nine months of 2017
'Shipments abroad of MDI increased, reflecting improved overseas market conditions,' the company added.
The ChlorAlkali division, includes caustic soda, PVC, vinyl chloride monomer and cement, it had sales of JPY 243 bn in the period.
For the company as a whole, sales were JPY 602 bn up 17.2% on the first three quarters of 2016. Tosoh converted this into operating income of JPY 94.3bn, up 32% on the first three quarters of 2016.