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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…

Sumitomo Chemical to Build an Organizational Structure for Carbon Neutrality

Sumitomo Chemical has decided to establish a Carbon Neutral Strategy Council and a Carbon Neutral Strategy Cross-Functional Team on February 1, 2021, in order to promote and formulate the Sumitomo Chemical Group’s strategies for achieving carbon neutrality by 2050.

Sumitomo Chemical Receives CDP’s Highest Rating in Corporate Climate Action and Water Security Action

Sumitomo Chemical (“the Company”) has been named on CDP’s “Climate A List 2020” and “Water Security A List 2020” as a company recognized for its particularly excellent activities to address climate change and water security, including target setting, actions and…

Sumitomo Chemical Launches SynBio Hub, a New Organization in the US, to Accelerate Next-Generation Business Utilizing Synthetic Biology

Sumitomo Chemical has decided to establish a new organization, SynBio Hub, within the Biorational Research Center of Valent BioSciences LLC (VBC), a U.S. subsidiary of Sumitomo Chemical in Illinois. By setting up this organization tasked to build technologies using synthetic…

Sumitomo Chemical Joins “IP Open Access Declaration Against COVID-19”

Sumitomo Chemical announced that it has joined the “Intellectual Property Open Access Declaration Against COVID-19” (hereinafter referred to as “the Declaration”). The gist of the Declaration is that participants will not assert any intellectual property rights under certain conditions against…

Sumitomo Chemical Receives Gold Medal in EcoVadis Sustainability Assessment

Sumitomo Chemical has received a Gold medal* in a sustainability assessment by EcoVadis (headquartered in France), an award recognizing companies whose performance is in the top 5% of all companies rated. Established in 2007, EcoVadis is a performance rating agency…
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