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Sales brisk for Teijin but raw material prices hurt profit

13/05/2019

Teijin achieved revenues of more than $8 billion in 2018. It released its full-year figures on May 9. The group’s revenues increased by 6.4% year on year, but operating income fell by 14.1% to reach almost $550 million. It said increased raw material prices pushed down profit for its polyester fibres business, “despite brisk sales of functional...

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