Seoul — Hanwha Chemical saw its TDI sales fall between the first quarter of 2015 and the first quarter of 2016 by 43%, according to figures released by the company.
TDI Sales in the first quarter of 2015 were WON 52m ($47,600) compared with WON 30m in the 2016 quarter.
However, the company said that margins were likely to improve in the business because it opened its third production line, and a tighter supply situation in the market was helping it to raise prices.
The outlook for the remainder of the year is "stable with competitive ethylene prices, portfolio focused on high-value added products and the securing of a new TDI customer."
TDI fits into Hanwha's Basic Materials business segment. This had sales of WON 960m in the first half of 2016 compared with WON 989m in the first half of 2015.
Overall Hanwha had sales of WON 2.4bn in the first half of 2016, compared with WON 2bn in the first half of 2015. Operating profit at the company increased by 213% from WON 94m in the first half of 2015 to WON 294m in the first half of 2016.