Sumitomo Chemical Co., Ltd Overview
Company Headquarters: Japan
Founded: 1935
Workforce: ~31,837
Company Working: Sumitomo Chemical Co., Ltd (Sumitomo Chemical) is one of the leading chemical companies in Japan. It is engaged in the manufacturing and sale of various chemical products. The company operates through petrochemicals and plastics, energy and functional materials, IT-related chemicals, health and crop sciences, and pharmaceuticals segments. Under the petrochemicals and plastics segment, it manufactures ammonium sulfate that is used as an industrial chemical. The Sumitomo Group comprises over 100 subsidiaries and has a significant presence in the Asian market. Sumitomo Chemical’s research organization comprises three major laboratories—the business sector research laboratories, corporate research laboratories, and production and safety fundamental technology center.
Strategy
The Sumitomo Chemical Group has been expanding its business around the world with the aim of building the Sumitomo Chemical brand on a global scale. The Group’s current overseas sales revenue ratio exceeds 60%. The company intends to aggressively expand the Group’s competitive businesses to markets around the world to achieve sustainable growth.
The company aims to focus on new business opportunities and strengthen its foothold through accelerating green transformation, digital transformation, and innovation.
