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▼ Japanese Bathtub Makers Halt Orders As Material Shortages Bite
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Major Japanese home equipment supplier Cleanup has suspended orders for its popular bathroom units, the latest in a string of companies suffering material shortages as the Iran conflict stretches on.
Tokyo-based Cleanup will stop taking orders from Wednesday, the company announced in a statement on its website.
"Due to escalating tensions in the Middle East, it has become increasingly difficult to procure raw materials,” the company said. It didn’t give an expected resumption date. Shares fell 0.8% to ¥904.
Toclas, a Japanese kitchen and bathrooms systems maker under electronics giant Yamada Holdings, also warned Tuesday that the squeeze on naphtha and other raw materials might prompt shortages or price revisions.
Toilet maker Toto halted bathroom unit orders a day earlier, while the Nikkei reported that Lixil and Panasonic Housing Solutions, also major suppliers, have stopped giving delivery dates for their own products.
Japan gets more than 90% of its crude oil from the Middle East and depends on the area for almost 45% of its naphtha, a feedstock crucial for plastic production, according to government data.
Tokyo-based Cleanup will stop taking orders from Wednesday, the company announced in a statement on its website.
"Due to escalating tensions in the Middle East, it has become increasingly difficult to procure raw materials,” the company said. It didn’t give an expected resumption date. Shares fell 0.8% to ¥904.
Toclas, a Japanese kitchen and bathrooms systems maker under electronics giant Yamada Holdings, also warned Tuesday that the squeeze on naphtha and other raw materials might prompt shortages or price revisions.
Toilet maker Toto halted bathroom unit orders a day earlier, while the Nikkei reported that Lixil and Panasonic Housing Solutions, also major suppliers, have stopped giving delivery dates for their own products.
Japan gets more than 90% of its crude oil from the Middle East and depends on the area for almost 45% of its naphtha, a feedstock crucial for plastic production, according to government data.
- 14/4 20:20
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