Osaka Soda Co., Ltd. Confirms That Production Restored to 70% of its Original Level Since November 21, 2023
November 29, 2023 at 01:00 am EST
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OSAKA SODA Co., Ltd. hereby announced the current status and future outlook regarding the "suspension of some production facilities due to manufacturing equipment problems at Mizushima Plant," as disclosed on April 25, 2023. Current status: Regarding the malfunctions of the main equipment for the Allyl Chloride production facility that occurred on April 4, 2023, as previously announced, problems were once again detected in the main equipment on July 27, and production was partially suspended. The company reported that it has confirmed that production has been restored to 70% of its original level since November 21, 2023 and stable operation has been achieved as a result of every possible effort in restoration activities.
Future outlook: Full repair of the main equipment is scheduled to be completed during the regular maintenance in March 2024 as originally planned, and the recurrence of problems will not have an impact on the original schedule. Furthermore, taking into consideration the business environment to date and the future outlook, there will be no changes to the previously announced consolidated financial results for the fiscal year ending March 31, 2024.
OSAKA SODA CO., LTD. is a Japan-based chemical manufacturer that has three business segments. The Basic Chemical Product segment manufactures and sells caustic soda, hydrochloric acid, liquid chlorine, chlorine gas, sodium hypochlorite, sodium chlorite soda, caustic potash, hydrogen gas, epichlorohydrin, allyl chloride and others. The Functional Chemical Product segment manufactures and sells allyl ethers, epichlorohydrin rubber, dap resin, modifiers for energy saving tires, purified pharmaceutical materials, optical active materials, pharmaceutical active ingredients, intermediates, electrodes and lens materials, among others. The Housing Facility and Others segment is engaged in the provision of duping materials, housing related products.