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catalysts business of Nippon Shokubai Co Ltd has reported total sales of Yen 29.32 bn (Yen 23.34 bn for its fiscal 2005), operating income of Yen 2.98 bn (Yen 3.12 bn), and capital investments of Yen 370 M (Yen 394 M). Sales of automotive catalysts increased as surging precious metal pricing increased sales prices. Sales of wastewater treatment plant equipment and catalysts increased due to sales of large-scale equipment in overseas markets. Sales of process catalyst decreased due to declining replacement demand. Sales of De-NOx catalysts, waste gas treatment equipment, and catalysts were roughly flat year-over-year. Operating income in the environment and catalysts business decreased by 4.5% due to higher raw materials costs and a weaker product mix.
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