Some Japanese companies are feeling pressure from tough new sanctions imposed on Moscow over the invasion of Ukraine. They're scrambling to find alternatives to Russian coal imports before Japan phases them out.
Taiheiyo Cement and Sumitomo Osaka Cement both take the majority of their coal from Russia but are now pivoting to new suppliers.
Taiheiyo Cement has already increased purchases from Australia and the US.
Cardboard maker Rengo says it will start sourcing coal from Indonesia and other places. The firm plans to stop buying it from Russia by summer.
Steel makers and power utilities are also looking for alternative suppliers.
Taiheiyo Cement and Sumitomo Osaka Cement both take the majority of their coal from Russia but are now pivoting to new suppliers.
Taiheiyo Cement has already increased purchases from Australia and the US.
Cardboard maker Rengo says it will start sourcing coal from Indonesia and other places. The firm plans to stop buying it from Russia by summer.
Steel makers and power utilities are also looking for alternative suppliers.
Similar Readings (5 items)
Hokkaido Electric Power to stop buying Russian coal
Japanese firms pull employees out of Ukraine
Japan-Russia economic relationship enters period of hardship
Japan considers sanctions on firms in China helping Russia's war effort
Japan to divert LNG to Europe amid Ukraine tensions
Summary
Japanese companies like Taiheiyo Cement, Sumitomo Osaka Cement, and Rengo are adjusting their coal supply chains due to Russia sanctions over Ukraine. They're shifting from Russian imports to new suppliers such as Australia, the US, Indonesia, and other regions. Steel manufacturers and power
Statistics
101
Words1
Read CountDetails
ID: 62555fe1-040c-462f-8c62-2689c0a80b98
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20220412_28/
Date: April 12, 2022
Created: 2022/04/12 20:17
Updated: 2025/12/09 17:03
Last Read: 2022/04/12 20:17