TEC -- new focuses. (Company Profile).(Toyo Engineering Corp.)

Nitrogen & Methanol, May, 2003 by Hayes, David

Japan's Toyo Engineering Corporation (TEC) is evolving its business strategies to compete in the global marketplace. David Hayes talked to TEC's Kenji Sato about the company's plans and activities.

International demand for urea continues to expand due to the need to raise food production in line with the current rate of global population growth. According to Toyo, demand for urea is estimated to be growing by 2% to 3% annually, mainly in developing countries where population growth is highest. This is equivalent to four new 1,750 t/d urea plants being built every year.

While demand for urea is expected to continue growing, the current downturn in the international economy has increased competition among companies selling licensed process...

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