June 13, 2017
Sumitomo Chemical and BASF Sign Global Collaboration Agreement to Develop New Fungicide
Tokyo, JAPAN and Ludwigshafen, GERMANY– Sumitomo Chemical and BASF, two of the world’s leading chemical companies, announced today their entry into a collaboration agreement for the development of a new fungicide. The agreement brings together Sumitomo Chemical’s and BASF’s innovation skills to deliver a novel fungicidal compound to farmers around the world. Read more
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May 23, 2017
Sumitomo Chemical to Expand Automotive Materials Business in China
Sumitomo Chemical has decided to strengthen its Automotive Materials business in China by establishing a new manufacturing and sales base for polypropylene (PP) compounds in the city of Chengdu, Sichuan Province as well as providing manufacturing capabilities for thermoplastic elastomers (TPE) at its existing facility in Dalian, Liaoning Province. Read more
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May 16, 2017
Sumitomo Chemical Announces Consolidated Financial Results for FY2016
During the twelve months ended March 31, 2017 (Fiscal 2016), the world economy faced growing uncertainty due to the British vote to exit from the European Union and the inauguration of the new U.S. administration, but the global economy was robust in general, led by the strengthening U.S. economy due to the good employment situation and on expectations of a fiscal expansion. In Japan, although consumer spending remained weak, the economy continued to stay on a moderate recovery path due to improvement in wages and the job market as well as strong corporate earnings. Read more
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May 16, 2017
Announcement of Extraordinary Loss
There are indications that a portion of the fixed assets of the Company and its subsidiaries is impaired due to a serious deterioration in the business environment and other factors. After considering the recoverability of these fixed assets, the Company recorded an impairment loss of ¥33.6 billion as an extraordinary loss for the fourth quarter of the fiscal year ended March 31, 2017.
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April 26, 2017
Sumitomo Chemical Announces Revisions to its Financial Forecast for the Full Year Ended March 31, 2017
Based on recent performance trends, Sumitomo Chemical Co., Ltd. has revised its consolidated financial forecast for the full year ended March 31, 2017, previously announced on October28, 2016, as detailed below. Read more
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April 13, 2017
Valent Awards Florida Student Scholarship for Organic Training
WALNUT CREEK, Calif.—Valent U.S.A. LLC today announced that University of Florida Doctor of Plant Medicine student Morgan Byron has received a $1,500 research scholarship for the development of organic training materials for growers, Pest Control Advisors (PCAs), consultants and retailers. Valent is committed to supporting the next generation of growers and researchers, and this scholarship is the latest the company has awarded to students studying agricultural and horticultural sciences. Read more
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March 17, 2017
Joint Venture between Zeon and Sumitomo Chemical to Start Operations in April
ZS Elastomers Co., Ltd. (ZSE), a new joint venture between Zeon Corporation (Zeon: President Kimiaki Tanaka) and Sumitomo Chemical Co., Ltd. (Sumitomo Chemical: President Masakazu Tokura), will start operations on April 3, consolidating the two companies’ solution styrene-butadiene rubber (S-SBR) businesses. Read more
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March 7, 2017
Sumitomo Chemical to Boost Production Capacity of Film-Based Touchscreens Panels for Flexible OLED Displays
Sumitomo Chemical has decided to expand the production capacity of film-based touchscreen panels at Dongwoo Fine-Chem Co., Ltd., its wholly-owned subsidiary in South Korea. The production capacity is to be more than tripled, with the expanded commercial-scale production coming onstream in January 2018.
Starting in 2011, Sumitomo Chemical entered the glass-based touchscreen panels business for rigid-type OLED displays. Subsequently, to capture an increasing demand for flexible type OLED displays, the Company went on to develop a film-based touchscreen panel, which it started producing in 2014. Going forward, the OLED displays market is expected to expand further, given that, in addition to the mainstream rigid-type displays with flat surfaces, flexible-type displays are becoming widespread in use with their offerings likely to extend from bendable displays with partially curved surfaces to foldable displays. Read more
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January 31, 2017
Sumitomo Chemical to Reorganize Its Group Companies in the US
Sumitomo Chemical has decided to reorganize some of its Group companies in the U.S. to improve the efficiency of their business operations.
As of March 31, 2017, Sumitomo Chemical will transfer its entire shares, as a contribution in kind, in two of its wholly owned subsidiaries, Valent U.S.A. Corp. (VUSA) and Sumika Electronic Materials, Inc. (SEMI)*, to its US regional headquarters, Sumitomo Chemical America, Inc. (SCAI), making them wholly owned subsidiaries of SCAI. Furthermore, as of April 1, 2017, four of the Group companies, i.e. VUSA, SEMI, Sumika Polymers North America (another wholly owned subsidiary of SCAI), and Valent BioSciences Corp. (a wholly owned subsidiary of VUSA) will be re-organized as limited liability companies (LLCs). Read more
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January 30, 2017
Sumitomo Chemical Reports Consolidated Financial Results For the Nine Months Ended December 31, 2016
The Sumitomo Chemical Group’s sales for the nine months ended December 31, 2016, totaled ¥1,389.8 billion, a decrease of ¥188.0 billion compared with the same period of the previous fiscal year. The Group posted operating income of ¥86.3 billion, ordinary income of ¥115.0 billion and net income attributable to owners of the parent of ¥55.3 billion, all showing year-on-year decreases.
The Sumitomo Chemical Group’s financial results by business segment for the nine-month period were as follows. Read more
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January 26, 2017
Sumitomo Chemical and Trinseo Enter into Share Transfer Agreement Regarding Polycarbonate Joint Venture in Japan
Sumitomo Chemical Co., Ltd. and Trinseo Holding B.V., a wholly owned subsidiary of Trinseo S.A. (NYSE: TSE), have signed a definitive agreement for Trinseo to sell all of its 50 percent share in their Sumika Styron Polycarbonate (SSPC) joint venture to Sumitomo Chemical for an undisclosed price.
Sumika Styron Polycarbonate currently produces polycarbonate resins at production facilities in Niihama City, Ehime, Japan, and serves customers and markets throughout Asia. In addition to the sale of Trinseo’s ownership in the joint venture, the parties have agreed to continue long-term supply of polycarbonate resin to Trinseo’s Performance Plastics businesses and as such will maintain the strategic relationship between SSPC and Trinseo. Read more
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December 2, 2016
Consolidation of the S-SBR Business with Zeon Corporation
Sumitomo Chemical announced that its Board of Directors has resolved today to enter into an agreement with Zeon Corporation (“Zeon”) for the establishment of a joint-venture company between the two companies regarding the integration of their Solution Styrene Butadiene Rubber (“S-SBR”) businesses.
As the company split resulting from this business integration involves an arrangement for which certain portions of items and details for disclosure may be omitted, disclosure under the present announcement has partially been omitted. Read more
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December 1, 2016
Liquid Formulation Valor® EZ Herbicide Available for 2017
WALNUT CREEK, Calif.— Valent U.S.A. Corporation announced today the release of Valor® EZ; a liquid formulation of the company’s leading herbicide, Valor. Named Valor EZ Herbicide1 for its easy-to-mix, in-tank suspension properties, Valor EZ is an ideal residual partner for the Roundup Ready® Xtend Crop System.
With its easy mixing and loading and great suspensibility, Valor EZ helps provide growers a residual herbicide that is easy to use at all stages of the application process.
“The liquid formulation of Valor EZ makes the mixing process easier and more effective for growers and applicators by eliminating the pre-slurry step,” said Dr. John Pawlak, senior product development manager at Valent. “Better mixing will ensure a more even application, and less unmixed material in the spray equipment.” Read more
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November 30, 2016
Sumitomo Chemical and ITOCHU Announce Basic Agreement to Collaborate on Distribution of Methionine
Sumitomo Chemical Co., Ltd. (headquartered in Chuo-ku, Tokyo; Masakazu Tokura, Representative Director & President, hereinafter “Sumitomo Chemical”) and ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced that they have reached a basic agreement to proceed with a discussion of distribution collaboration of the feed additive methionine, to be produced in the new production line (the “New Production Line”) at the Ehime Works of Sumitomo Chemical, following a decision to increase production capacity. Read more
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November 28, 2016
Sumitomo Chemical and Purdue University Expand Joint Research Projects
Sumitomo Chemical and Purdue have already undertaken joint research in multiple fields. In the project undertaken with Alexander Wei, professor of chemistry, and Chongli Yuan, associate professor of chemical engineering, the two organizations aim to develop next-generation analysis technology in order to create a low-cost diagnostic platform that can quickly and easily analyze a variety of chemical substances. Sumitomo Chemical is working with Jonathan Wilker, professor of chemistry, to develop a biomimetic adhesive inspired by creatures that have excellent adhesive strength even in water, such as mussels and oysters. The adhesive is expected to have applications across a broad range of fields, from electronics to construction. Read more
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November 24, 2016
Opening of Sumitomo Chemical’s first R&D Base in Brazil
Sumitomo Chemical is pleased to announce that its Latin America Research Center (“LARC”) in Brazil has been opened, commencing operations of conducting efficacy trials, research and development, and analysis of the Company’s AgroSolution products, such as crop protection products. Read more
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November 15, 2016
Valent Expands Grower Financing Program with John Deere Financial
WALNUT CREEK, Calif. — Valent U.S.A. Corporation today announced the 2017 Valent Grower Financing Program to provide growers with financial solutions and exclusive offers for the 2017 growing season. This expansion adds seven products to the program, including Valent’s portfolio of preemergence and postemergence herbicides.
Beginning November 1, 2016, growers can purchase their 2017 Valent crop solutions using the Multi-Use Account from John Deere Financial to get no payments and no interest financing through March 31, 2017. Read more
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November 4, 2016
Sumitomo Chemical Launches New “Sustainable Solutions” Initiatives for Contributing to a Sustainable Society
Sumitomo Chemical has begun its new initiatives by which the Company’s certain products and technologies that will help build a sustainable society through preventing global warming, reducing environment impacts, etc., will be identified as “Sumika Sustainable Solutions” for accelerated development and expanded use (“Sumika” is a shortened form of the name “Sumitomo Chemical Company” in Japanese). The initiatives aim to further enhance the Company’s proactive contribution to solving vital challenges facing human society, along with proper disclosure of relevant information, amid the growing public interest in the United Nations’ Sustainable Development Goals (SDGs) agenda *1 and the Environmental, Social and Governance (ESG) issues. Read more
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October 28, 2016
Sumitomo Chemical Reports Consolidated Financial Results For the Half-Year Ended September 30, 2016
The Sumitomo Chemical Group’s sales for the half-year ended September 30, 2016 totaled ¥900.5 billion, a decrease of ¥175.4 billion compared with the same period of the previous fiscal year. The Group posted operating income of ¥47.3 billion, ordinary income of ¥50.6 billion and net income attributable to owners of the parent of ¥19.2 billion, all representing year-on-year decreases. Read more
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October 20, 2016
ReTain® Plant Growth Regulator for California Now Registered for Almonds
WALNUT CREEK, Calif.—Valent U.S.A. Corporation today announced the California Department of Pesticide Regulation (CDPR) registration of ReTain® Plant Growth Regulator for California on almonds. ReTain increases nut set in almonds to help ensure an optimum crop load.
ReTain extends the viability of almond blooms by giving more opportunity for pollination of the flowers, which improves nut set potential. The naturally-occurring active ingredient in ReTain works by reducing ethylene production in almond flowers and delaying flower and stigmatic senescence. This effect results in longer flower viability, which allows more time for pollination to occur. Field studies have demonstrated that ReTain extends the life of an almond bloom by 43 percent over the untreated check. Read more
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October 5, 2016
U.S. EPA Registration Granted for New Natural Postharvest Anti-Fungal Agent, BioSpectra™ 100SC
WAPATO, Washington — Pace International LLC announced today that the U.S. Environmental Protection Agency (EPA) and the California Department of Pesticide Regulation (CDPR) have approved its application for BioSpectraTM 100SC, for postharvest applications in citrus and stone fruit.
This technology, while new to the postharvest fruit industry, has been successfully utilized for food preservation worldwide for over 40 years and is approved as a food additive by the European Union, the World Health Organization and individual countries for use as a fungal biocontrol product. Read more
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October 3, 2016
Sumitomo Chemical to Expand Global Availability of Polypropylene Compounds
Sumitomo Chemical Company has decided to further advance the global development of its polypropylene (PP) compound business by establishing a new marketing base in Mexico and providing manufacturing capabilities in India. These moves represent a significant step forward for the Company’s strategic initiatives to strengthen its PP business worldwide. Read more
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September 7, 2016
Sumitomo Chemical to Boost Lithium-Ion Secondary Battery Separator Production Capacity
Sumitomo Chemical has decided to expand production capacity for lithium-ion secondary battery separators, marketed under the PERVIOTM brand name, at SSLM, its subsidiary in Daegu, South Korea. The production capacity is to be raised approximately fourfold in a stepwise manner, with the initial expanded commercial-scale production coming on stream in August 2017. Read more
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August 31, 2016
Sumitomo Chemical to Acquire Majority Stake in Manufacturer of Cathode Materials for Secondary Batteries
Sumitomo Chemical has agreed with Tanaka Chemical Corp., a Japanese manufacturer and seller of cathode materials for secondary batteries, to acquire an additional stake in the company via third-party allotment, thereby strengthening the two companies’ capital and business alliance further. The transaction will raise Sumitomo Chemical’s stake in Tanaka Chemical to 50.1 percent. Read more
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August 9, 2016
Proven Residual Miticide Now Available for Soybeans
WALNUT CREEK, Calif. — Valent U.S.A. Corporation announced today the Environmental Protection Agency (EPA) registration of Zeal® SC Miticide for soybeans. Zeal is a proven residual miticide to be labeled for use on soybeans, providing growers with a new tool for long-lasting control of spider mites.
Zeal helps prevent the yield-loss potential caused by two-spotted spider mites and other spider mite species that could feed in soybeans. The mode of action of Zeal ensures at least three weeks or more of residual control, enabling growers to target all stages of a mite’s life cycle, from egg to adult. This residual aids in helping to control multiple generations and ultimately in protecting the crop. Read more
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August 4, 2016
Sumitomo Chemical and Zeon Corporation Agree to Study S-SBR Business Consolidation
Sumitomo Chemical Company and Zeon Corporation have reached a basic agreement to commence a study on possible consolidation of the two companies’ Solution Styrene Butadiene Rubber “S-SBR” businesses.
Sumitomo Chemical and Zeon Corporation will look into forming a new joint venture company for the S-SBR business and transferring their current relevant operations, including those of their respective subsidiaries, to the new company, with the aim of strengthening the S-SBR business through such concerted efforts as accelerating new product development, enhancing cost competitiveness and securing stable supply of product. Read more
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July 29, 2016
Sumitomo Chemical Reports Consolidated Financial Results for the Three Months Ended June 30, 2016
The Sumitomo Chemical Group’s consolidated financial results for the first quarter ended June 30, 2016 were as follows. Sales decreased by ¥100.0 billion compared with the same period of the previous fiscal year, to ¥456.6 billion. The Group posted operating income of ¥25.3 billion, ordinary income of ¥25.8 billion and net income attributable to owners of the parent of ¥12.2 billion, all representing year-on-year decreases.
The Sumitomo Chemical Group’s financial results by business segment for the first quarter ended June 30, 2016 were as follows. Read more
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July 21, 2016
Sumitomo Chemical to Construct Second Commercial Plant of Polyethersulfone (PES) in Chiba
Sumitomo Chemical has decided to construct a new production facility for polyethersulfone (PES) at its Chiba Works in Ichihara City, Chiba, Japan. The new facility will have a production capacity of 3,000 tons per year and be scheduled to start commercial scale production in 2018. When the facility becomes fully operational, Sumitomo Chemical’s total production capacity of PES, combined with the existing facility in its Ehime Works in Niihama, Ehime, will grow twofold. Read more
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June 28, 2016
Sumitomo Chemical and Monsanto Newly Collaborate Globally in Developing Next-generation Weed Control Solutions
Sumitomo Chemical has reached a new global agreement for collaboration on weed control solutions with Monsanto Company, the leading U.S. seed and biotechnology company.
The new global agreement will focus on developing and delivering next-generation weed control solutions through the collaboration of the two companies. Under this agreement, Sumitomo Chemical will engage in developing PPO chemistries, including a new generation PPO herbicide. Read more
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May 19, 2016
Sumitomo Chemical to Expand Production Capacity for Feed Additive Methionine in Ehime
Sumitomo Chemical has decided to expand its production capacity for the feed additive methionine by adding a new production line in its Ehime Works in Niihama City, Ehime Prefecture, Japan, to meet the active demand in the market. By this expansion, the Company will increase its capacity by approximately 100,000 metric tons per year, bringing the total production capacity for methionine to approximately 250,000 metric tons per year, including existing facilities. The new facility is scheduled for completion in mid-2018. Read more
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May 11, 2016
Sumitomo Chemical Announces Consolidated Financial Results for FY2015
May 11, 2016 Sumitomo Chemical Announces Consolidated Financial Results for FY2015 During the twelve months ended March 31, 2016 (Fiscal 2015), economies in developed countries remained on a gradual recovery path, led by the United States, where employment growth was solid, although the pace of economic growth slowed in China and some other emerging market countries, including resource-rich nations. In Japan, despite weak consumer spending, corporate profits and the employment situation continued to improve due mainly to the positive effects of the weaker yen and lower crude oil prices. Read more
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April 19, 2016
Valent Expands Agricultural Discovery and Development Program in North America
WALNUT CREEK, Calif. — Valent U.S.A. Corporation announced today an investment plan to accelerate its agricultural research and development program in North America. Through a series of strategic facility expansions, Valent will accelerate discovery and early development testing for its growing portfolio of integrated solutions for plant protection and enhancement. These investments come on the heels of a wide-scale global research and development investment announced earlier this month by the parent company of Valent, Sumitomo Chemical. Read more
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March 2, 2016
Sumitomo Chemical Launches New Corporate Business Plan for FY 2016 to FY2018
Sumitomo Chemical today announced its new Corporate Business Plan for the period from fiscal 2016 to fiscal 2018. Under the slogan of “Change and Innovation—Create New Value,” the Company aims to achieve sustained growth by creating new value through innovative technologies. Capitalizing on its robust financial strength built under the current Corporate Business Plan, the Company will aggressively pursue growth opportunities and further accelerate its transformation into a more resilient Sumitomo Chemical that continues to grow. Read more
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December 1, 2015
Membrane CO2 Separation Systems Successfully Tested and Poised for Installation in a Chemical Maker Plant
CO2 M-Tech Co., a subsidiary of Sumitomo Chemical, has obtained successful results from performance verification testing of the membrane CO2 separation systems which are currently under development by the Company for commercialization. The subsidiary thereupon has reached an agreement with a certain chemical manufacturer in Japan to initiate jointly a full-scale study on the installation of the commercial membrane CO2 separation facilities in the manufacturer’s plant by early 2017. Read more
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October 8, 2015
Payload® Herbicide Now Available for Dewatered Irrigation Canals in California
WALNUT CREEK, Calif.—Valent U.S.A. Corporation announced that Payload® Herbicide has received a Special Local Need (SLN) label* in California for use in dewatered irrigation canals and ditches. When applied in accordance with this new label, Payload will offer professionals in industrial vegetation management (IVM) season-long control of winter annual grasses and broadleaf weeds.
Long used as a preemergence herbicide for keeping railways, roadways and utility grounds manageable and weed-free, Payload can now also be used by California irrigation districts to manage winter annual weeds in dewatered canals and ditches. Read more
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October 6, 2015
NipsIt® SUITE Cereals Offers Solution to Growing Seedling Disease and Pest Problem
WALNUT CREEK, Calif. &emdash; Northern Plains wheat growers try to answer two questions when determining which seed protectant to use: 1) What will protect their seed against key seedling diseases and insects? 2) What provides the best ease of use for seed treatment?
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September 1, 2015
Valent Launches Second Annual Agriculture College Scholarship Contest
WALNUT CREEK, Calif. — Valent U.S.A. Corporation today announced the launch of its second annual scholarship contest, a program related to the organization’s commitment to creating advocacy and educational opportunities for future leaders in the agriculture business sector. The online contest is for those college students seeking degrees in agriculture-related fields and will recognize students for their passion and commitment to excelling in agricultural studies as shown through their contest video submissions. Read more
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August 10, 2015
INTEGO™ SUITE Soybeans Now Registered with All-In-One Formulation
WALNUT CREEK, Calif. — Valent U.S.A. Corporation today announced that the registration of its all-in-one formulation of INTEGO™ SUITE Soybeans, a new seed protectant to control multiple species of Pythium and Phytophthora. The new formulation eliminates the hassle of mixing components prior to treating seed, making the treating process easier for seed companies and retailers. Read more
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February 24, 2015
U.S. EPA Approves New VectoPrime™ Biological Larvicide for Single-brood Floodwater Mosquito Larvae Programs
LIBERTYVILLE, Ill.–(BUSINESS WIRE)–Valent BioSciences Corporation (VBC) announced that the U.S. Environmental Protection Agency (EPA) has granted registration approval for VectoPrime™ Biological Larvicide for single-brood mosquito control. Through the power of BioFuse™ technology, VectoPrime is formulated with a specific ratio of Bacillus thuringiensis spp. israelensis Strain AM65-52 and (S)-methoprene developed through years of painstaking research. The result is a unique combination of efficacy, flexibility, and efficiency benefits to support U.S.-based mosquito abatement professionals. Read more
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July 30, 2015
ReTain® Plant Growth Regulator Now Registered with Double Application
WALNUT CREEK, Calif. — Valent U.S.A. Corporation announced today that ReTain® Plant Growth Regulator has been registered by the Environmental Protection Agency (EPA) with a new label use that allows pome fruit growers to make a second ReTain application prior to harvest, creating a longer period for optimizing fruit maturity and quality.
ReTain can now be applied at higher rates or up to two applications per acre per season for even better harvest management. Compared to a single application, the double application of ReTain provides growers with greater late-season packout and even more flexibility in managing labor.
Over the past decade, ReTain has become the foundation of a successful harvest management and post-harvest quality program in apples and pears. Now, the product’s new use offers the benefit of an even wider harvest window that allows more time for increasing fruit size, while maintaining fruit firmness and maximizing storage potential until the fruit reaches the consumer. Read more
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June 24, 2015
Zeal® SC Miticide Now Registered with Liquid Formulation
WALNUT CREEK, Calif. — Valent U.S.A. Corporation announced today that Zeal® SC Miticide has been registered by the Environmental Protection Agency (EPA) with a new liquid formulation that allows for quick mixing and easy loading. This new label use provides growers with the ability to conveniently apply Zeal with both ground and aerial equipment, saving them time and offering increased flexibility.
Zeal is registered for field corn, including popcorn, corn for seed and corn grown for silage, cotton and melons. Zeal targets all stages of the mite life cycles, from egg to adult, helping to control multiple generations and ultimately protecting the crop. With its translaminar action, it reaches the mites where they hide and offers proven, long-lasting control with a single application. Zeal SC will be sold in a 2.5-gallon package providing more than 100 treated acres per jug. Read more
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June 23, 2015
Valent U.S.A. Corporation Announces Expanded Partnership with National FFA Foundation
WALNUT CREEK, Calif. – Valent U.S.A. Corporation today announced it has been named a 5-star member of the National FFA Foundation. This includes an expanded sponsorship in many of the organization’s projects.
As part of this expanded relationship, Valent will now serve as sponsor of two FFA Agriculture Proficiency Awards. Those awards include the “Grain Production – Entrepreneurship” award, which honors the student who has excelled in effectively and efficiently incorporating the best management practices to produce and market grain crops in their own operation, and the “Nursery Operations – Entrepreneurship/Placement” award, which honors the student who has excelled in their own business or business placement focused on turf, ornamental plants, shrubs and/or tree production for the purpose of transplanting or propagation. Read more
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June 23, 2015
Educational Support in Africa – Improving the Educational Environment of Over 10,000 Children
While it is advancing initiatives to prevent the spread of malaria through its Olyset® net business, Sumitomo Chemical believes that improving the educational environment is essential for Africa to achieve self-sustaining economic development, and in 2005 the company began to use a portion of the revenues from its Olyset® net business for educational support, primarily in the form of building schools for elementary and junior high school students in Africa. In collaboration with the NGOs World Vision Japan and Plan Japan, over the past 10 years, the company has completed 18 projects in 11 countries in Africa, thereby improving the educational environment of over 10,000 children. Read more
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June 2, 20159
Pace International Chile merges with Valent BioSciences Chile to Leverage Market Position, Operational Efficiencies
Wapato, Washington – Pace International, LLC (Pace), the global leader in postharvest solutions, technologies and services for the fruit industry, has announced it will merge its Pace International Chile Business with Valent BioSciences Chile, effective August 1st. Pace was acquired by Valent BioSciences Corporation (VBC) in December 2012. Both VBC and Valent BioSciences Chile are wholly owned subsidiaries of Sumitomo Chemical Company (SCC).
The merger will be accomplished through the creation of a new Postharvest Division within Valent BioSciences Chile. Through the integration, Pace will significantly expand its operational strength in the areas of customer service, logistics, administration, trading capacity, and geographic coverage within the region. At the same time, Pace will maintain continuity and its relationships with existing customers in Chile, Latin America & South Africa and the entire Sales and Field staff will become employees of Valent BioSciences Chile.
“This merger is an important next step in the strategic vision of Pace and the SCC group,” said Roberto Carpentier, Executive Vice President and Chief Operating Officer of Pace. “When we created Pace International Chile in 1999, we did so as a means to strengthen our offering of industry-leading postharvest solutions to a regional market that is renowned for the quality of its fruit production. This integration with Valent BioSciences Chile will consolidate that process.”
Gonzalo Maturana, General Manager of Valent BioSciences Chile, said the move illustrates the unique capabilities that the SCC group has put forward on a global scale. “As the only multinational solutions provider with a portfolio that includes conventional, biorational, and postharvest products,” said Maturana, “the SCC group continues to expand their distinctive market presence by bringing our knowledge, cultures, and technologies together in ways that create unique value not only in Chile, Latin America and South Africa, but for our customers around the world. We are excited about this development and the opportunities it creates for our customers and our respective organizations.”
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April 24, 2015
Celebrating World Malaria Day – Sumitomo Chemical’s Novel Vector Control Tools
On World Malaria Day (April 25, 2015) public health stakeholders look to celebrate the gains and progress that have been made and to renew and strengthen their efforts to defeat malaria.
Sumitomo Chemical has led the way in the development and innovation of new vector control tools. It currently has five novel products in the WHOPES process, including the first new mode of action adulticide for 40 years, which has been shown to be highly effective against pyrethroid-resistant mosquitoes. Read more
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April 3, 2015
Valent U.S.A. Corporation Becomes Exclusive Provider of MGK Crop Protection Insect Control Products
WALNUT CREEK, Calif. — As of April 1, Valent U.S.A. Corporation became the exclusive provider of the MGK crop protection line of insect control products within the United States.
As prescribed in an agreement announced in October, Valent is now managing the marketing and sales of insect control products from Minneapolis-based MGK such as PyGanic®, Azera®, Veteran D®, Tersus®, and EverGreen® 60-6.
The addition of the innovative organic and sustainable product line from MGK into the Valent portfolio creates an unprecedented mix of unique and valuable chemistries for managing both organic and sustainable agriculture. Read more
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April 2, 2015
Sumitomo Metal Mining Co., Ltd., distributes Olyset® Nets to Palawan Island Communities as part of their continuing CSR initiative in the Philippines
As part of its long-running initiative to tackle mosquito-borne disease, Coral Bay Nickel Co., Ltd (CBNC) (*1) , a subsidiary company of Sumitomo Metal Mining Co (SMM), will distribute Olyset® Net(*2), a long lasting insecticide incorporated bed net designed and manufactured by Sumitomo Chemical Co., Ltd. (SCC), to CBNC’s neighboring communities in the Palawan Island of the Philippines.
For years, CBNC has implemented a variety of approaches to combat mosquito-borne disease and illness, such as the sanitization of mosquito-breeding resources, the distribution of mosquito-catcher / trap devices and advocacy campaigns to local community members, all with varying degrees of success. In the meantime, through a number of trials seeking the most effective solution, SMM has selected Olyset® Net for use by local community members, hospitals, schools and other institutions. According to the result of the field user test conducted earlier by SMM, Olyset® Net had exhibited the greatest efficacy among all the interventions tested and received the best feedback from the users, valuing its ventilation and durability highly. Read more
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March 31, 2015
Sumitomo Chemical To Strengthen Global Crop Protection Business Organization
Sumitomo Chemical today announced that as of April 1, its agricultural chemicals business operations will be integrated with the biorational business operations to strengthen its global crop protection business.
In the Sumitomo Chemical Group’s global crop protection business, the agricultural chemicals business has been managed by Sumitomo Chemical, and the biorational business by Valent BioSciences Corp. in the United States. Beginning next month, Sumitomo Chemical will directly manage functions relating to biorational business, including marketing, product management, new product development, business development and business planning, so that the Company will integrally operate both the agricultural chemicals business and the biorational business. Sumitomo Chemical also intends to carry out the same operational integration with respect to research and regulatory functions within a year or so. We believe that these functional consolidations will enable Sumitomo Chemical to respond to market needs more swiftly and properly in both the businesses through working directly with its affiliated companies around the world. Read more
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March 17, 2015
Project Financing Agreement Signed for Petro Rabigh’s Rabigh Phase II Project
Rabigh Refining and Petrochemical Company (Petro Rabigh), whose major shareholders are Sumitomo Chemical and Saudi Aramco, has signed project financing agreements with a syndicate of banks for the Rabigh Phase II Project, which is an undertaking to expand its existing integrated refinery and petrochemicals complex. The financing involves approximately US$5.2 billion (*1), which represents over 60% of the total project cost of approximately US$8.1 billion (*2) specified in the agreements.
Petro Rabigh will receive project financing from the Japan Bank for International Cooperation (JBIC) and Saudi Arabia’s Public Investment Fund (PIF), both of which are governmental financial institutions, and a 19-member financing syndicate of financial institutions from Japan, Saudi Arabia, Europe, and the United States. JBIC will provide approximately US$2.0 billion in financing, and PIF will provide US$1.3 billion. Sumitomo Mitsui Banking Corp. and the Saudi British Bank have acted as financial advisors for the financing of the project. Read more
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March 12, 2015
Sumika Electronic Materials, Inc. installs second grinding mill
Sumika Electronic Materials, Inc. has just installed their second grinding mill for particle size reduction services at their manufacturing facility in Phoenix, Arizona. Due to the high demand for these services they are planning to install two more machines by 2018. Sumika provides grinding services mainly for Polyethersulfone (PES) products primarily for North American customers through the use of dedicated rotary classifier grinding mills. Rotary classifier mills are integrated mills and classifiers and are designed to provide two distinct grinding sections, one for raw feed and the other for semi-ground material returned by the classifier requiring a higher grinding intensity. This feature provides improved grinding efficiency overcoming the limitations of conventional units in which both feed and oversize returns are ground in a single operation. Read more
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March 4, 2015
Valent BioSciences Acquires Microorganism-based Crop Enhancement Products Business
Valent BioSciences Corp. (VBC), a U.S. subsidiary of Sumitomo Chemical Co., Ltd., has acquired Mycorrhizal Applications LLC, a U.S. producer of mycorrhizal fungal inoculum.
VBC is wholly owned by Valent U.S.A. Corp., a fully owned U.S. subsidiary of Sumitomo Chemical.
Mycorrhizal fungi are effective microorganisms in soil that colonize plant roots and enable plants to absorb water and nutrients more efficiently. Mycorrhizal fungi deliver farming with less irrigation and fertilization, which leads to crop production at lower cost and with less phosphorus leaching to environment (especially to aqueous environment). Read more
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February 27, 2015
Sumitomo Chemical to integrate its Environmental Health and Vector Control Businesses
Sumitomo Chemical today announced that it will integrate the businesses of the Environmental Health Division and the Vector Control Division into a reorganized Environmental Health Division, effective April 1, 2015.
Sumitomo Chemical’s current Environmental Health Division conducts business primarily in household insecticides and other insect control products, including those for pest control operators (PCO’s), as well as the animal health field. The Vector Control Division was created in 2008 specifically to respond to the rapid business expansion of Olyset® Net, a long lasting insecticidal mosquito net accredited as a core tool for fighting against malaria. The Division has actively promoted the Olyset® Net and public health businesses ever since mainly in the areas that require vector borne disease control. Read more
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February 26, 2015
Valent U.S.A. Launches “Relentless As You” Contest Celebrating Stories of Growers Across America
WALNUT CREEK, Calif. — Today, Valent U.S.A. Corporation announced the national launch of “Relentless As You,” a contest that aims to recognize the relentless spirit of the American Farmer and growers who go above and beyond in their communities and farming operations. The contest will run through National Ag Week March 28, 2015, on relentlessasyou.com/contest.
“We all know a grower who embodies the strength, determination and relentlessness it takes to deliver food and fiber to our communities, and this contest – and our new Relentless campaign – recognizes these hard-working growers and spotlights their personal stories, sacrifices and achievements,” said Meg Brodman, senior manager – marketing communications, Valent U.S.A. Corporation, “RelentlessAsYou.com/contesthonors growers for their hard work by showcasing the personal stories of growers and celebrating the relentless spirit of the American farmer today.” Read more
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February 24, 2015
U.S. EPA Approves New VectoPrimeTM Biological Larvicide for Single-brood Floodwater Mosquito Larvae Programs
LIBERTYVILLE, IL — Valent BioSciences Corporation (VBC) announced that the U.S. Environmental Protection Agency (EPA) has granted registration approval for VectoPrimeTM Biological Larvicide for single-brood mosquito control. Through the power of BioFuseTM technology, VectoPrime is formulated with a specific ratio of Bacillus thuringiensis spp. israelensis Strain AM65-52 and (S)- methoprene developed through years of painstaking research. The result is a unique combination of efficacy, flexibility, and efficiency benefits to support U.S.-based mosquito abatement professionals.
The dual action of VectoPrime provides control from pre-hatch applications all the way through the 4th instar while delivering a host of related benefits. Asynchronous broods pose a significant challenge in the ongoing battle against mosquitos capable of transmitting harmful diseases such as West Nile virus, dengue fever, malaria, and encephalitis. Read more
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February 3, 2015
Presidio® Fungicide Now Registered for Use on Tobacco
WALNUT CREEK, Calif. — Valent U.S.A. Corporation announced that Presidio® Fungicide has been registered by the Environmental Protection Agency (EPA) for use on tobacco. This new label use provides tobacco growers with a valuable new tool for controlling two tough diseases, blank shank and blue mold.
Presidio delivers excellent protection against fast-moving black shank in flue-cured, burley, dark and cigar tobacco. Presidio research trials show consistent preventive control of black shank and protection of yield potential.
Plus, Presidio arms tobacco growers with a novel mode of action (sole member of FRAC Group 43) that’s an effective tool for resistance management. Read more
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February 3, 2015
Sumitomo Chemical to Acquire Compound Semiconductor Materials Business from Hitachi Metals
Sumitomo Chemical has agreed today with Hitachi Metals, Ltd. to acquire their compound semiconductor materials business. The acquisition is due to take place, effective April 1, 2015.
The business that Sumitomo Chemical will acquire from Hitachi Metals includes those of compound semiconductor materials, such as gallium nitride (GaN) substrates, GaN epiwafers, and gallium arsenide (GaAs) epiwafers. As far as GaN substrates and epiwafers are concerned, Hitachi Metals is a forerunner in the field and boasts its state-of-the-art technology. The acquisition will allow Sumitomo Chemical to expand its business of GaN substrates and epiwafers for use in electronic and optical components, for which the market is taking off on a full scale, while at the same time devoting its efforts to early commercialization of the products for use in power devices. In addition, the fusion of Hitachi Metals’ ample resources and superior mass-production technology and Sumitomo Chemical’s technological and other expertise will accelerate the Company’s work for commercialization of its next-generation GaN epiwafers that are currently under development. Regarding GaAs epiwafers, which Sumitomo Chemical has already commercialized, the Company will further strengthen its business foundation by making the best use of a reservoir of each other’s resources.
Compared with an elemental semiconductor such as silicon, compound semiconductors have excellent properties, such as higher electron mobility, higher-speed/higher-frequency operation, and higher light-receiving or light-emitting efficiency. Compound semiconductors are widely used in various fields of industry, including electronic components such as materials for smartphones and optical components like LEDs. Next-generation power devices, for which compound semiconductors can be used, are capable of improving power efficiency and will contribute to realizing energy-saving society. As such, demand for compound semiconductors for such use is expected to grow substantially in the future.
Sumitomo Chemical positions the compound semiconductor materials business for next-generation power devices as a promising area in its long-term business portfolio for the IT-related Chemicals Sector. The business acquisition will further reinforce the Company’s relevant operations, paving the way for becoming a leading company in the field.
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January 22, 2015
Sumitomo Chemical Concludes License Agreement with Universal Display for OLED Lighting Devices
TOKYO, Japan and EWING, N.J. — Sumitomo Chemical has concluded a technology license agreement with Universal Display Corporation of the United States (Universal Display), under which Universal Display grants Sumitomo Chemical non-exclusive licenses to manufacture and sell solution-processed organic light emitting diode (OLED) lighting products.
Sumitomo Chemical is developing its OLED lighting business by using polymer OLED technologies owned by Sumitomo Chemical and Cambridge Display Technology Ltd., a wholly owned subsidiary of Sumitomo Chemical in Britain. In the spring of 2014,
Sumitomo Chemical exhibited its polymer OLED lighting at “Light + Building 2014,” one of the world’s largest trade fairs for lighting and building technology held in Frankfurt, Germany. Sumitomo Chemical’s exhibit, named “OLED COSMOS,” was formed by dual-color emission OLED lighting panels. Sumitomo Chemical is the first in the world* to have developed technology to mass-produce dual-color emission OLED lighting panels where a single panel can be printed in two distinct colors based on the Company’s highly advanced printing method. Sumitomo Chemical is not only developing its OLED lighting business for decorative lighting such as “OLED COSMOS”, but also aiming to expand the business for general lighting in the future.
Leveraging the licensed technology from Universal Display, Sumitomo Chemical will accelerate technology development to increase the luminous efficacy of its lighting devices as the Company expands its OLED lighting business.
*Based on Sumitomo Chemical’s survey in February 2014.
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December 4, 2014
Sumitomo Chemical Acquires U.S. Asana® Insecticide Business from DuPont
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November 10, 2014
Monsanto, Sumitomo Chemical and Valent Extend Crop Protection Collaboration
ST. LOUIS — Monsanto Company, Sumitomo Chemical Company, Ltd. (SCC), and SCC’s wholly-owned subsidiary, Valent U.S.A. Corporation, today announced an agreement to extend their strategic partnership in Monsanto’s Roundup Ready PLUS® Crop Management Solutions platform for soybeans and cotton in the United States.
Monsanto’s Roundup Ready PLUS Crop Management Solutions platform empowers farmers to maximize the performance of their Roundup Ready crops by developing effective, economical and sustainable approaches to controlling tough-to-manage and glyphosate-resistant weeds. Farmers can earn cash-back incentives for using Roundup® brand agricultural herbicides with Roundup Ready PLUS endorsed products. Read more
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October 29, 2014
Valent Launches New Low VOC ProGibb® LV Plus Plant Growth Regulator
WALNUT CREEK, Calif.—Valent U.S.A. Corporation announced the launch of ProGibb® LV Plus Plant Growth Regulator, a high-potency, liquid gibberellic acid (GA3) formulation designed to comply with California’s new air quality standards for high volatile organic compound (VOC) agricultural products. ProGibb LV Plus offers the same efficacy and flexibility growers learned to rely on with ProGibb 4% without the environmental and safety issues associated with a VOC product.
“Volatile organic compounds contribute to the formation of ozone, a major air pollutant in the valley,” said James Hansen, product manager for ProGibb LV Plus. “This new formulation makes it easier for major food production areas like the San Joaquin Valley to mitigate its contribution to the ozone challenge while still improving crop quality and value.” Read More
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September 22, 2014
Breakthrough in the Development of a New Mode of Action Insecticide for Adult Mosquito Control
NEW YORK, NY —Only 4 classes of insecticide are currently recommended by the World Health Organization Pesticide Evaluation Scheme (WHOPES) for indoor residual spraying (IRS). No new classes of insecticide for adult mosquito control have been introduced in the past 40 years. Since there is widespread and growing resistance to many of these compounds, especially in Sub Saharan Africa, malaria control programs have had very limited control options.
Sumitomo Chemical is therefore very pleased to announce the development and recent submission to WHOPES of a new mode of action insecticide product for adult mosquito control for application in IRS programs.
Extensive trials have confirmed the efficacy of this product against both resistant and susceptible malaria transmitting mosquitoes under both laboratory and field conditions. As this product has a different mode of action chemistry from currently available interventions, it is also ideally suited for use in resistant management strategies and will therefore help preserve the effectiveness of existing vector control tools.
It is anticipated that this product will help combat the very real and growing threat of insecticide resistance and will complement the other vector control tools in the Sumitomo Chemical range, that include Olyset® Net, Olyset® Plus, SumiPro® and SumiLarv®.
“Sumitomo Chemical is once again delighted to be at the forefront of innovation in vector control by contributing to the fight against malaria and other vector borne diseases. We are confident that this new chemistry will have a significant impact in combating insecticide resistance – while at the same time improving people’s lives,” said Ray Nishimoto, Managing Executive Officer, Health and Crop Sciences Sector, Sumitomo.
For further details please contact us at email@example.com.
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September 8, 2014
Valent Launches New Fierce® XLT Soybean Herbicide
WALNUT CREEK, Calif. – Valent U.S.A. Corporation announced today that Fierce® XLT Soybean Herbicide is now federally registered for preemergence weed control in soybeans in the United States.
Fierce XLT eliminates the guesswork of weed management for soybean growers by offering the broadest spectrum control of weeds and annual grasses, including large and small-seeded broadleaves, as well as common and giant ragweed. Plus, only Fierce XLT delivers up to eight weeks of residual control, so growers can buy the most time before a post-herbicide application. The launch of Fierce XLT brings a much-needed solution to soybean growers in the Midwest, who face a variety of weed management challenges each year. Read More
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June 27, 2014
Valent BioSciences Corporation Unveils its State-of-The Art Biorational Manufacturing Facility in Osage, Iowa
OSAGE, IA., June 27, 2014 – Valent BioSciences Corporation (VBC) today marked the official opening of its new $146 million biorational manufacturing facility in Osage, IA in a ceremony that included more than 130 international dignitaries, state and local VIPs, and media personnel. VBC is the global leader in the discovery, development, manufacturing, and commercialization of biorational products for agriculture, public health, and forestry. Read More
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April 7, 2014
Sumitomo Chemical to Donate 330,000 Olyset® Nets to Millennium Villages
Sumitomo Chemical will donate 330,000 of its anti-malarial Olyset Net mosquito nets (a donation worth over 1.2 million US dollars) to the Millennium Villages as part of its cooperation in the Millennium Villages Project in Africa which is promoted by the Columbia University Earth Institute, the United Nations Development Programme
(UNDP), and the U.S. NPO Millennium Promise. Read More
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March 17, 2014
Valent Adds Two New Uses for Tree Fruit Crop Load Management
ReTain® Plant Growth Regulator for California Registered for Cherry Fruit Set and PoMaxa® Plant Growth Regulator Registered in California
WALNUT CREEK, Calif.—Valent U.S.A. Corporation announced that ReTain® Plant Growth Regulator for California has been registered by the California Department of Pesticide Regulation for cherry fruit set, and that PoMaxa® Plant Growth Regulator has also been registered for use in California on apples and pears for crop load management. These new registrations are part of a growing Valent portfolio that provides tree fruit growers with valuable solutions for enhanced fruit production, improved quality and harvest management. Read More
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January 29, 2014
Valent and Nufarm Join Forces in the U.S. Turf, Ornamental and Aquatics Market
Nufarm Americas Inc. Appointed Exclusive Distributor of Valent’s Branded Professional Products Line in the United States, Creating Industry-Leading Portfolio
ALSIP, IL. and WALNUT CREEK, Calif.— Valent U.S.A. Corporation (“Valent”) and Nufarm Americas Inc. (“Nufarm”) announced today that Valent has entered into an agreement that appoints Nufarm as the exclusive distributor of its branded products for professional turf, ornamental and aquatic uses in the United States, effective February 16, 2014. Read More
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