Sumitomo Chemical Announces Consolidated Financial Results for FY2020
During the 2020 fiscal year, the world economy received a serious shock from the global spread of COVID-19 infections, resulting in a decline in real GDP growth to around minus 3%. After recording the highest negative real GDP growth in…
Sumitomo Chemical Receives Gold Medal in EcoVadis Sustainability Assessment for the Second Consecutive Year
Sumitomo Chemical has received a Gold medal* in a sustainability assessment by EcoVadis (headquartered in France) for the second consecutive year. Established in 2007, EcoVadis is a performance rating agency focused on corporate environmental, social, and governance (ESG) practices, working to…
Sumitomo Chemical and Accenture Establish SUMIKA DX ACCENT
Sumitomo Chemical has established SUMIKA DX ACCENT Co., Ltd., a joint venture with Accenture, with an aim to promote new digital projects and nurture digital talent. It started operation today. Sumitomo Chemical has made “exponential improvement of productivity with digital…
Adoption of Japan’s Stewardship Code in Corporate Pension Asset Management
Sumitomo Chemical announces that it has adopted Japan’s Stewardship Code (Code), the principles for “responsible institutional investors,” as an institutional investor, i.e., an asset owner of a corporate pension. This Code was officially announced by the Financial Services Agency in…
Engineering Department Established to Strengthen Engineering Functions and Deliver Smart Safety
Sumitomo Chemical has decided to newly establish an Engineering Department on April 1, 2021. With this change, the company will build an agile engineering system across the board for new plant construction and large-scale facility renovation, while also strengthening the…
Sumitomo Chemical’s Executive Officer Receives Outstanding Women’s Activity Award from Society of Chemical Engineers, Japan
Kanako Fukuda, Executive Officer of Sumitomo Chemical Co., Ltd., has received a 2020 SCEJ Award for Outstanding Women’s Activity from the Society of Chemical Engineers, Japan (SCEJ). The SCEJ is an academic association that plays a central role as an…
Implementation of Waste-derived Product Businesses Towards Building a Circular System for Plastics
Sumitomo Chemical has decided to establish a Business Development Office for a Circular System for Plastics as of April 2021 to accelerate the development of businesses based on its efforts towards building a circular system for plastics. Plastics are a…
Sumitomo Chemical to License out High-Pressure Polyethylene Production Technology to a Major Petrochemical Company in Russia
Sumitomo Chemical has concluded an agreement with Kazan Organichesky Sintez (KOS), in the Republic of Tatarstan of the Russian Federation, to license out its high-pressure production process for low-density polyethylene (LDPE) and ethylene-vinyl acetate (EVA) to boost KOS’s polyethylene production.…
Sumitomo Chemical Announces Revisions to Its Financial Forecast for the Full Year Ending March 31, 2021
Based on recent performance trends, Sumitomo Chemical has made revisions to its consolidated financial forecast for the full year ending March 31, 2021, previously announced on October 30, 2020, as detailed below. Revisions to Consolidated Financial Forecast for the Full…
Sumitomo Chemical to Establish a New Production Base for Polypropylene Compounds in Poland
Sumitomo Chemical has decided to establish Sumika Polymer Compounds Poland Sp.z.o.o. (SPCP), a new production base in Poland, to further enhance its polypropylene (PP) compound business. SPCP will start commercial production in the spring of 2022. PP compounds are materials…