Customer operating stoppages and lower sales following a chemical plant explosion in Jiangsu Province, China
First written in FY2020-Q1. 1 of 3 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2020-Q3.
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- FY2020-Q3DroppedAnnual report
「In addition to weaker market conditions for phthalic anhydride, Kawasaki Kasei Chemicals Co., Ltd. saw a substantial decline in sales of naphthoquinone. However, sales of succinic acid and quinone-based pesticide active ingredients remained firm, resulting in performance broadly in line with the same period of the previous year.」
The substantial decline in naphthoquinone sales continues to be disclosed, but this filing does not state the causal relationship with the suspension of operations at customers' plants due to the chemical plant explosion in Jiangsu Province, China, which had been specified through the previous quarter. - FY2020-Q2RestatedAnnual report
「川崎化成工業㈱'s sales of succinic acid and quinone-based pesticide active ingredients remained firm. However, it was affected by inventory write-downs resulting from weaker market conditions for phthalic anhydride, while an explosion at a chemical plant in Jiangsu Province, China, halted operations at a customer plant. As a result, sales of naphthoquinone, a major product, fell sharply, leaving the company in a difficult situation.」
The shutdown of a customer's plant following a chemical plant explosion in Jiangsu Province, China, and a substantial decline in sales of naphthoquinone continued to affect operating performance in the second quarter. - FY2020-Q1MaterialisedAnnual report
「川崎化成工業㈱'s sales of organic acid products such as phthalic anhydride were at the previous year's level. However, an explosion at a chemical plant in Jiangsu Province, China, halted operations at a customer plant, causing sales of naphthoquinone, a major product, to fall sharply. Business conditions therefore remained difficult.」
The company reported the realization of a new external accident risk: an explosion at an external chemical plant in Jiangsu Province, China, caused a customer's plant to suspend operations, resulting in a substantial decline in naphthoquinone sales.