February 14, 2006
Nippon Soda Co., Ltd. announces dl-methionine production plan
On Feb 10, 2006, Nippon Soda Co., Ltd. announced operation results for the three months ending Dec 31, 2005, together with descriptions of the medium-term strategic and financial plan containing a plan related to production of dl-methionine.
1. Production of dl-methionine at the Nihongi plant will be strategically stopped by end-September 2006 due to over-competition resulting from substantial production capacity increases by other dl-methionine manufacturers, changes in the structure of supply and demand due to the spread of avian influenza, and the escalating price of raw materials and fuels.
2. The company is under discussion with a major Japanese chemical manufacturer about the contract manufacturing of dl-methionine, which will be sold in the name of Nippon Soda Co., Ltd. with the supply of a key raw material (MMP) from Nippon Soda Co. Ltd.