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Japan's Tosoh on track for 26% April-December profit jump

Tight market for key chemical boosts company to another record

Wider margins on urethane feedstock business buoyed profit for Tosoh.

TOKYO -- Chemical company Tosoh's operating profit probably rose 26% on the year in the April-December 2017 period to around 90 billion yen ($812 million), marking a third straight record. A tighter market for a mainstay chemical product has boosted earnings at the Tokyo-based company.

Tosoh is the Japanese leader in methylene diphenyl diisocyanate, a feedstock for urethane used in synthetic leather, paint and other items.

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