A large earthquake in Japan could inflict a financial loss exceeding $10 billion for the nation's chemical industry, according to a modeling firm.
The information is contained in a new study by ABSG Consulting Inc. (ABS Consulting) and its subsidiary, Oakland, Calif.-based Eqecat Inc.
According to the report, from a very large earthquake the chemical sector would have a loss equal to more than two years of pretax earnings, while the precision machinery and petroleum industries could suffer damage equal to more than one year of pretax earnings.
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