Sumitomo Chemical is one of Japan's leading chemical manufacturers. It offers a diverse range of products, including basic chemicals, petrochemicals, fine chemicals, agricultural chemicals and pharmaceuticals. The company has an international network of subsidiaries, affiliates, and other offices, and its products are sold in more than 100 countries.
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Please see Japan’s Sumitomo controls 5.52% of Australia's Nufarm on ICIS news.
In September 2009, the US bankruptcy court approved a joint venture between LyondellBasell and Sumitomo Chemical. For more on this please see Lyondell gets approval for Asia jv with Sumitomo on ICIS news.
Sumitomo Chemical is divided into six core divisions:
Sumitomo Chemical supplies basic materials to various industries ranging from consumer goods to high-tech industries. Its principle businesses focus on organics, methyl methacrylate (MMA), inorganics and aluminium.
Petrochemicals & plastics
Principally focuses on organics, plastics such as low density polyethylene (LDPE) and polypropylene, elastomers, synthetic rubber and processed products. The petrochemicals and plastics sector is expanding business and enhancing profitability, with a particular focus on polyolefins and propylene oxide.
Produces speciality chemicals and functional chemicals. The fine chemicals sector places emphasis on a number of businesses: adhesive intermediate resorcinol and its derivatives, the company's Sumilizer G series of polymer additives, emulsion adhesives, high fixation/highly colourfast reactive dyes, and custom synthesis of products including pharmaceutical intermediates and imaging chemicals.
IT (information technology)-related chemicals
The IT-related chemicals sector was formed in October 2001 by integrating the IT-related electronic materials operations that formerly belonged to the basic chemicals sector and the fine chemicals sector. It comprises optical materials, semiconductor process materials, electronic materials and compound semiconductor materials.
Sumitomo Chemical has developed a number of crop protection chemicals, ranging from conventional insecticides, fungicides and herbicides to new types of products, including plant growth regulators. These products are marketed in more than 110 countries around the world.
The pharmaceuticals business develops ethical drugs primarily through its subsidiary, Sumitomo Pharmaceuticals, and the radiopharmaceuticals business, Nihon Medi-Physics, a joint venture company with the UK-based Amersham group. These operations are supported by the company's chemical operations. As an R&D-oriented pharmaceuticals company, Sumitomo Pharmaceuticals focuses on disorders in neurology, immunology, cardiovascular system and diabetes-related fields.
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Sumitomo has developed a new corporate business plan ending in fiscal 2009. Envisioning further expansion of its business on a global scale, the basic principle of the plan is to achieve and consolidate high profitability and secure sustained growth potential. (Edited from annual report and company website). ICIS also provides you with key financial data listed in table form.
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