Cartels, Competition, and Consolidation in the Japanese Chemical Industry
The Japanese chemical industry has stalled in its efforts to move from a domestic to an international focus. Although the Japanese chemical industry began using foreign direct investment (FDI) as a business strategy in the 1970s, especially in Asia, overseas revenue for the major chemical companies still comprises less than 20 percent of their total revenue. This figure is much less than the FDI revenue of Japanese firms in other sectors,2 and revenue and profit margins of the leading Japanese chemical companies have consistently remained far below those of their global counterparts. Indeed, there has been much discussion among industry participants and industry watchers of the domestic orientation of Japanese chemical companies.3
KeywordsCarbide Economic Crisis Europe Petroleum Transportation
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