羧甲基纖維素：全球商業策略

Abstract

This report analyzes the worldwide markets for Carboxymethyl Cellulose in Millions of lbs. The specific end-use segments discussed are Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, and Textile Processing. The report provides separate comprehensive analytics for the US, Europe, Asia-Pacific, Latin America, and Rest of World. Annual forecasts are provided for each region for the period of 2001 through 2010. A ten-year historic analysis is also provided for these markets with annual market analytics. The report profiles 37 companies including many key and niche players worldwide such as Akzo Nobel N.V, Bayer Corporation, Chongqing Qiaofeng Industrial (Group) Co., Ltd., CP Kelco, Daicel Chemical Industries Ltd., Dai-Ichi Kogyo Seiyaku Co., Ltd, Hercules, Inc., Lamberti S.P.A., Nippon Paper Industries Co., Ltd., Penn Carbose, Quimica Amtex S.A De C.V, Samsung Fine Chemicals Co., Ltd., and Sichem. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

Table of Contents

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

• Study Reliability And Reporting Limitations I-1
• Disclaimers I-2
• Data Interpretation & Reporting Level I-2
• Quantitative Techniques & Analytics I-3
• Product Definitions And Scope of Study I-3

II. EXECUTIVE SUMMARY

1. Industry Overview II-1

• Cellulose Ethers - An Overview II-1
• CMC - A Quick Review II-1
• Influencing Factors II-1
• Favourable II-1
• Unfavourable II-2
• Consumption Trends II-2
• Emerging Applications II-2
• Food & Beverages II-2
• CMC Production Landscape II-2
• Table 1: Global Carboxymethyl Cellulose (CMC) Market by Geographic Region (2004): Percentage Share Breakdown by Production Capacity (In Million Pounds) for Western Europe, Asia-Pacific, Japan, the United States, and Rest of World (includes corresponding Graph/Chart) II-3
• Leading CMC Producers Worldwide II-3
• Table 2: World Carboxymethyl Cellulose (CMC) Market (2004): Market Shares of Leading Players by Production Volume - Noviant, Hercules, Akzo Nobel, Quimica Amtex, Daicel Chemical Industries, Dai-ichi Kogyo Seiyaku, Bayer, Nippon Paper Industries, Samsung, Chongqing Qiaofeng Chemical and Others (includes corresponding Graph/Chart) II-3

2. Current And Future Analysis II-4

• By Geographic Region II-4
• By End-Use Segment II-4

3. Product Overview II-5

• Structure II-5
• Grades II-5
• Functionality II-5
• Properties II-6
• General II-6
• Physical Properties of CMC II-6
• Viscosity II-6
• Dissolution II-7
• Stability II-7
• Solutions II-7
• Thermal Stability II-7
• Effect of pH II-7
• Effect of Salt II-7
• Raw Materials II-7
• CMC Production from Durian II-8
• Pricing II-8
• Table 3: World Carboxymethyl Cellulose (CMC) Market (2004): Prices by CMC Grade for Highly Purified, Technical Grade, and Industrial Grade II-8

4. End-Use Applications II-9

• Applications of Carboxymethyl Cellulose (CMC) II-9
• A. Food Industry II-9
• Use of Guar Gum to Affect CMC Consumption in Ice creams... II-10
• Market Prognosis II-10
• B. Crude Oil Industry II-11
• C. Pharmaceutical & Cosmetics Industry II-11
• As Safe Tear Substitute... II-11
• D. Paper Industry II-11
• Market Musings II-12
• E. Textile Industry II-12
• F. Soap and Detergent Industry II-12
• Market Prognosis II-12
• G. Mining Industry II-12
• H. Others II-13
• Purified CMC- Select Applications II-14
• Select Applications of Standard Grade CMC II-14

5. Product Launches/Developments II-15

• Acordis Specialty Fibres Develops CMC-Based Wound Dressing II-15
• Penn Carbose Unveils Liquid CMC for Liquid Detergents II-15

6. Recent Industry Activity II-16

• Noviant and CP Kelco in a Merger II-16
• Kansas State University Scientists Study the Impact of CMC & Methoxy Pectin on Stabilizing Milk-Juice Beverages II-16
• J.M. Huber Acquires CP Kelco ApS II-16
• Fiske & Noviant Agree on Distributing Cellulose Gums Across UK II-17
• Hercules Acquires Quantum Hi-Tech II-17
• Noviant Group Establishes New Representative Office in Shanghai II-17
• Noviant Opens Carboxymethyl Cellulose Laboratory II-17
• Shandong Redsun Chemical to Transfer 58% Share to Russia Acron II-17
• Noviant Awards Marketing & Distribution Rights II-18
• EPA Issues Regulations on Cellulose Products II-18
• JM Huber Acquires Noviant II-18
• Diversa Corp Obtains Patent II-18
• Akzo Nobel Forays into China II-19

7. Focus on Select Players II-20

• Akzo Nobel N.V (The Netherlands) II-20
• Bayer Corporation (Germany) II-20
• Chongqing Qiaofeng Industrial (Group) Co., Ltd. (China) II-20
• CP Kelco (USA) II-20
• Daicel Chemical Industries Ltd. (Japan) II-21
• Dai-Ichi Kogyo Seiyaku Co., Ltd (Japan) II-21
• Hercules, Inc. (USA) II-21
• Lamberti S.P.A. (Italy) II-22
• Nippon Paper Industries Co., Ltd. (Japan) II-22
• Penn Carbose (USA) II-22
• Quimica Amtex S.A De C.V (Mexico) II-22
• Samsung Fine Chemicals Co., Ltd. (South Korea) II-23
• Sichem (UAE) II-23

8. Global Market Perspective II-24

• Table 4: World Recent Past, Current & Future Analysis for Carboxymethyl Cellulose by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 2001 through 2010 (includes corresponding Graph/Chart) II-24
• Table 5: World Historic Review for Carboxymethyl Cellulose by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 1991 through 2000 (includes corresponding Graph/Chart) II-24
• Table 6: World 20-Year Perspective for Carboxymethyl Cellulose by Geographic Region - Percentage Breakdown of Unit Sales for US, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) II-25
• Table 7: World Recent Past, Current & Future Analysis for Carboxymethyl Cellulose Consumption in Food and Beverages Sector by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 2001 through 2010 (includes corresponding Graph/Chart) II-26
• Table 8: World Historic Review for Carboxymethyl Cellulose Consumption in Food and Beverages Sector by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 1991 through 2000 (includes corresponding Graph/Chart) II-26
• Table 9: World 20-Year Perspective for Carboxymethyl Cellulose Consumption in Food and Beverages Sector by Geographic Region - Percentage Breakdown of Unit Sales for US, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) II-27
• Table 10: World Recent Past, Current & Future Analysis for Carboxymethyl Cellulose Consumption in Oil Field Drilling Fluids Sector by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 2001 through 2010 (includes corresponding Graph/Chart) II-28
• Table 11: World Historic Review for Carboxymethyl Cellulose Consumption in Oil Field Drilling Fluids Sector by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 1991 through 2000 (includes corresponding Graph/Chart) II-28
• Table 12: World 20-Year Perspective for Carboxymethyl Cellulose Consumption in Oil Field Drilling Fluids Sector by Geographic Region - Percentage Breakdown of Unit Sales for US, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) II-29
• Table 13: World Recent Past, Current & Future Analysis for Carboxymethyl Cellulose Consumption in Drugs and Cosmetics Sector by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 2001 through 2010 (includes corresponding Graph/Chart) II-30
• Table 14: World Historic Review for Carboxymethyl Cellulose Consumption in Drugs and Cosmetics Sector by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 1991 through 2000 (includes corresponding Graph/Chart) II-30
• Table 15: World 20-Year Perspective for Carboxymethyl Cellulose Consumption in Drugs and Cosmetics Sector by Geographic Region - Percentage Breakdown of Unit Sales for US, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) II-31
• Table 16: World Recent Past, Current & Future Analysis for Carboxymethyl Cellulose Consumption in Paper Processing Aids Sector by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 2001 through 2010 (includes corresponding Graph/Chart) II-32
• Table 17: World Historic Review for Carboxymethyl Cellulose Consumption in Paper Processing Aids Sector by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 1991 through 2000 (includes corresponding Graph/Chart) II-32
• Table 18: World 20-Year Perspective for Carboxymethyl Cellulose Consumption in Paper Processing Aids Sector by Geographic Region - Percentage Breakdown of Unit Sales for US, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) II-33
• Table 19: World Recent Past, Current & Future Analysis for Carboxymethyl Cellulose Consumption in Detergents Sector by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 2001 through 2010 (includes corresponding Graph/Chart) II-34
• Table 20: World Historic Review for Carboxymethyl Cellulose Consumption in Detergents Sector by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 1991 through 2000 (includes corresponding Graph/Chart) II-34
• Table 21: World 20-Year Perspective for Carboxymethyl Cellulose Consumption in Detergents Sector by Geographic Region - Percentage Breakdown of Unit Sales for US, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) II-35
• Table 22: World Recent Past, Current & Future Analysis for Carboxymethyl Cellulose Consumption in Textile Processing Sector by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 2001 through 2010 (includes corresponding Graph/Chart) II-36
• Table 23: World Historic Review for Carboxymethyl Cellulose Consumption in Textile Processing Sector by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 1991 through 2000 (includes corresponding Graph/Chart) II-36
• Table 24: World 20-Year Perspective for Carboxymethyl Cellulose Consumption in Textile Processing Sector by Geographic Region - Percentage Breakdown of Unit Sales for US, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) II-37
• Table 25: World Recent Past, Current & Future Analysis for Carboxymethyl Cellulose Consumption in Other End-use Sectors by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 2001 through 2010 (includes corresponding Graph/Chart) II-38
• Table 26: World Historic Review for Carboxymethyl Cellulose Consumption in Other End-use Sectors by Geographic Region - US, Europe, Asia-Pacific, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 1991 through 2000 (includes corresponding Graph/Chart) II-38
• Table 27: World 20-Year Perspective for Carboxymethyl Cellulose Consumption in Other End-use Sectors by Geographic Region - Percentage Breakdown of Unit Sales for US, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) II-39

III. MARKET

1. The United States III-1

• A. Market Analysis III-1
• An Overview III-1
• Current and Future Analysis III-1
• By End-Use Segment III-1
• US ITC Imposes Anti-Dumping Duties on CMC Imports III-1
• Table 28: US Purified Carboxymethyl Cellulose (CMC) Market (2001-2004): Percentage Breakdown of Imports by Volume (In Million Kilograms) and Value (In US$ Million) for Finland, Mexico, The Netherlands, and Sweden (includes corresponding Graph/Chart) III-2
• Product Launches III-2
• Strategic Corporate Developments III-3
• Key US Players III-5
• CP Kelco III-5
• Hercules, Inc. III-6
• Penn Carbose III-6
• B. Market Analytics III-7
• Table 29: US Recent Past, Current & Future Analysis for Carboxymethyl Cellulose by End-Use Segment - Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Other Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 2001 through 2010 (includes corresponding Graph/Chart) III-7
• Table 30: US Historic Review for Carboxymethyl Cellulose by End-Use Segment - Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Other Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 1991 through 2000 (includes corresponding Graph/Chart) III-7
• Table 31: US 20-Year Perspective for Carboxymethyl Cellulose by End Use Segment - Percentage Breakdown of Unit Sales for Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Others Markets for years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) III-8

2. Europe III-9

• A. Market Analysis III-9
• Current and Future Analysis III-9
• By End-Use Segment III-9
• CMC Production Capacity in Europe III-9
• Table 32: Western Europe Carboxymethyl Cellulose (CMC) Market (2005): Production Capacity (In Million Pounds) by Company for Noviant, Akzo Nobel, Hercules, Phrikolat, and Bayer (includes corresponding Graph/Chart) III-9
• New Labeling Regulations to Bolster Demand for Food-Grade CMC in Europe III-10
• Strategic Corporate Developments III-10
• Key European Players III-11
• Akzo Nobel N.V (The Netherlands) III-11
• Bayer Corporation (Germany) III-12
• Lamberti S.P.A. (Italy). III-12
• Phrikolat GmbH (Germany) III-12
• B. Market Analytics III-13
• Table 33: European Recent Past, Current & Future Analysis for Carboxymethyl Cellulose by End-Use Segment - Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Other Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 2001 through 2010 (includes corresponding Graph/Chart) III-13
• Table 34: European Historic Review for Carboxymethyl Cellulose by End-Use Segment - Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Other Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 1991 through 2000 (includes corresponding Graph/Chart) III-13
• Table 35: European 20-Year Perspective for Carboxymethyl Cellulose by End Use Segment - Percentage Breakdown of Unit Sales for Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Other Markets for 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) III-14

3. Asia-Pacific III-15

• A. Market Analysis III-15
• The Fastest Growing Market III-15
• Analysis by End-Use Segment III-15
• Strategic Corporate Developments III-15
• Key Players III-16
• Chongqing Qiaofeng Industrial (Group) Co., Ltd. (China) III-16
• Samsung Fine Chemicals Co., Ltd. (South Korea) III-16
• B. Market Analytics III-17
• Table 36: Asia-Pacific Recent Past, Current & Future Analysis for Carboxymethyl Cellulose- by End-Use Segment for Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Other Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 2001 through 2010 (includes corresponding Graph/Chart) III-17
• Table 37: Asia-Pacific Historic Review for Carboxymethyl Cellulose by End-Use Segment for Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Other Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 1991 through 2000 (includes corresponding Graph/Chart) III-17
• Table 38: Asia-Pacific 20-Year Perspective for Carboxymethyl Cellulose by End Use Segment - Percentage Breakdown of Unit Sales for Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Others Markets for years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) III-18

4. Latin America III-19

• A. Market Analysis III-19
• Current and Future Analysis III-19
• By End-Use Segment III-19
• CMC Market in Brazil III-19
• Table 39: CMC Market in Brazil (2005): Percentage Breakdown by End-Use Segment (includes corresponding Graph/Chart) III-19
• Select Player III-20
• Quimica Amtex S.A De C.V (Mexico) III-20
• B. Market Analytics III-20
• Table 40: Latin America Recent Past, Current & Future Analysis for Carboxymethyl Cellulose- by End-Use Segment for Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Other Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 2001 through 2010 (includes corresponding Graph/Chart) III-20
• Table 41: Latin America Historic Review for Carboxymethyl Cellulose by End-Use Segment for Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Other Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 1991 through 2000 (includes corresponding Graph/Chart) III-21
• Table 42: Latin America 20-Year Perspective for Carboxymethyl Cellulose by End Use Segment - Percentage Breakdown of Unit Sales for Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Others Markets for years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) III-21

5. Rest of The World III-22

• A. Market Analysis III-22
• Current and Future Analysis III-22
• By End-Use Segment III-22
• Key Players III-22
• Daicel Chemical Industries Ltd. (Japan) III-22
• Dai-Ichi Kogyo Seiyaku Co., Ltd (Japan) III-22
• Nippon Paper Industries Co., Ltd. (Japan) III-23
• Sichem (UAE) III-23
• B. Market Analytics III-24
• Table 43: Rest of World Recent Past, Current & Future Analysis for Carboxymethyl Cellulose - by End-Use Segment for Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Other Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 2001 through 2010 with Annual Sales Figures in Million lbs. for Years 2001 through 2010 (includes corresponding Graph/Chart) III-24
• Table 44: Rest of World Historic Review for Carboxymethyl Cellulose by End-Use Segment for Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Other Markets Independently Analyzed with Annual Sales Figures in Million lbs. for Years 1991 through 2000 (includes corresponding Graph/Chart) III-24
• Table 45: Rest of World 20-Year Perspective for Carboxymethyl Cellulose by End Use Segment - Percentage Breakdown of Unit Sales for Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Others Markets for years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) III-25

IV. COMPETITION

• 1. Aciselsan Acipayam Seluloz Sanayi Ve Tic AS (Turkey) IV-1
• 2. Akay Organics Ltd. (India) IV-1
• 3. Akzo Nobel NV (The Netherlands) IV-2
• Table 46: First Quarter Sales Analysis: 2005-2006 (In US$ million) IV-4
• Table 47: Annual Sales Analysis: 2004-2005 (In US$ million) IV-5
• 4. Amar Cellulose Industries (India) IV-8
• 5. Blanver Farmoquimica Ltda. (Brazil) IV-8
• 6. Chongqing Qiaofeng Industrial (Group) Co., Ltd. (China) IV-9
• 7. Daicel Chemical Industries Ltd. (Japan) IV-10
• 8. Dai-Ichi Kogyo Seiyaku Co., Ltd. (Japan) IV-11
• 9. Denver Cotia Ind. E com. Ltda. (Brazil) IV-12
• 10. Dipti Cellulose Pvt., Ltd. (India) IV-12
• 11. Gotoku Chemical Co., Ltd. (Japan) IV-13
• 12. Guangzhou Jinzhujiang Chemical Co., Ltd. (China) IV-14
• 13. Hercules, Inc. (USA) IV-15
• Table 48: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-16
• Table 49: Annual Sales Analysis: 2004-2005 (In US$ million) IV-16
• Table 50: Annual Sales Analysis by Quarter:2004-2005 (In US$ million):: IV-16
• Table 51: Annual Sales Analysis by Segment:2004-2005 (In US$ million) IV-17
• Table 52: Annual Sales Analysis by GeographicRegion: 2004-2005 (In US$ million) IV-17
• 14. J M Huber Corporation (USA) IV-20
• CP Kelco APS (USA) IV-21
• 15. Kadakia Group (India) IV-22
• 16. Lamberti SpA (Italy) IV-23
• 17. Lovochemie AS (Czech Republic) IV-26
• 18. Mertkim Kimya Sanayii AS (Turkey) IV-26
• 19. Mikro-Technik GmbH & Co., KG. (Germany) IV-27
• 20. Milan Blagojevic doo (Yugoslavia) IV-27
• 21. Nippon Paper Group, Inc. (Japan) IV-28
• Table 53: Half Yearly Sales Analysis: 2005-2006 (H1) (In ¥ billion) IV-29
• Table 54: Annual Sales Analysis: 2003-2005 (In ¥ billion) IV-30
• Table 55: Annual Sales Analysis by Segment:2004-2005 (In ¥ billion) IV-30
• 22. Panreac Quimica SA (Spain) IV-32
• 23. Penn Carbose, Inc. (USA) IV-32
• 24. Phrikolat GmbH (Germany) IV-33
• 25. Pronicel (Poland) IV-33
• 26. Quimica Amtex SA de CV (Mexico) IV-34
• 27. Reliance Cellulose Products Ltd. (India) IV-35
• 28. Samsung Fine Chemicals Co., Ltd. (Korea) IV-37
• 29. Sanli Puyang Zhongyuan Sanli Industry Co., Ltd.(China) IV-38
• 30. Shandong Liaocheng E Hua Pharmaceutical Co., Ltd. (China) IV-38
• 31. Shikoku Chemicals Corporation (Japan) IV-39
• Table 56: Annual Sales Analysis: 2004-2005 (In ¥ million) IV-39
• 32. Sichem (UAE) IV-40
• 33. Sniace SA (Spain) IV-41
• 34. Wei Ming Pharmaceutical Mfg. Co., Ltd. (Taiwan) IV-42
• 35. Wolff Walsrode AG (Germany) IV-42
• 36. Yixing Tongda Chemical Co., Ltd. (China) IV-43
• 37. Zoltek RT (Hungary) IV-44