Skip to main content

Sumitomo plans two exits

Japan’s Sumitomo Chemical has decided to sell its 15.9% stake in Australian agrochemical company Nufarm. It has separately announced its decision to close down its dyestuff facilities at its Osaka Works and exit the dyestuffs business by the end of March 2023.

The company originally took a 20% stake in Nufarm in 2010 and also acquired four subsidiaries of Nufarm in South America in 2020. The two also formed a comprehensive business alliance, which will continue after the dissolution of the capital relationship.

Sumitomo Chemical to build API plant

Sumitomo Chemical has announced plans to build a new plant for APIs and intermediates to come onstream in September 2024 at its Oita works on the southern tip of Honshu. This comes in response to growing demand from the small molecule sector. No financial details were given.

Oita, the company said, “can manufacture a wide variety of APIs and intermediates that require complex chemical reactions and also flexibly scale from development to commercialisation”. It is also compliant with EU, US and Japanese GMP standards.

Sumitomo Chemical reorganises labs

Sumitomo Chemical is to start a full-scale study on reorganising three of its research laboratories in Japan. The company described this as “part of its efforts to accelerate the creation of next-generation businesses”.

The plan includes building a new facility at Osaka as a base for incubation and open innovation by Q3 2024. This has research capabilities in safety assessment, industrial technologies and business sector-led projects in ICT and life sciences.

Photoresist expansion in Japan

Sumitomo Chemical is to install new lines to expand production capacity for photoresists for advanced semiconductor photolithography processes, including argon fluoride (ArF) immersion and extreme ultraviolet (EUV) lithography, at its Osaka Works. These are due to commence operation in 1H fiscal 2022.

Sumitomo Chemical targets carbon neutrality

From 1 February, Sumitomo Chemical will establish a strategy council and a cross-functional team led by executive officers supervising research planning and coordination, Responsible Care and related functions to promote and formulate strategies for achieving carbon neutrality by 2050. This will be based on four approaches:

* Minimising greenhouse gas (GHG) emissions associated with its production activities through innovation, and deploying new technologies to that end

Sumitomo Chemical launches SynBio Hub

Shortly after handing over responsibility for biorational-related business to its Valent BioSciences (VBC) subsidiary in Illinois, Sumitomo Chemical has announced plans to establish SynBio Hub within its Biorational Research Centre. This is all part of the firm’s plans to build technologies using synthetic biology.

Subscribe to Sumitomo Chemical