* External sales, IFRS standard (Figures for 2017 are approximate values, and have not been audited by the accounting auditor.)
The Industrial Products Business comprises Chemical Products and Detergents for Institutional Use Products. Under the V-2 Plan, Lion Specialty Chemicals worked to enhance profitability in chemical products through the consolidation of chemical product companies and business selection and concentration. In institutional-use detergents, Lion Hygiene pursued bold measures for new business in the home meal replacement (HMR) market.
During 2017, in Chemical Products, Lion Specialty Chemicals worked to develop new products, while at the same time accelerated global development in the automotive and other priority fields. In Detergents for Institutional Use Products, to meet growing demand in the precut vegetables market, Lion Hygiene expanded its business with a focus on gaining new customers (such as food producers) for cleaning agents used in vegetable washing and vegetable washing systems.
In Chemical Products, Lion Specialty Chemicals will aim to improve profitability and acquire a growth character, build a collaborative structure with a broad range of external companies, and gain products and business with leading positions in global niche markets.
In Detergents for Institutional Use Products, Lion Hygiene will offer demand-creating solutions and pursue innovations to establish businesses able to contribute to the creation of safe and comfortable hygienic living environments.