Sumitomo Chemical Company Overview
Sumitomo Chemical Company (Sumitomo) operates across different business segments including petrochemicals and plastics, energy and functional materials, IT–related products, chemicals, health and crop sciences, and pharmaceuticals. Under the energy and functional materials segment, it sells highly functional materials, including battery components. Advanced polymers, resorcinol, inorganic materials, and battery materials are the major businesses that fall under the energy and functional materials segment. The advanced polymer business is involved in the manufacture and sale of super engineering plastics, which include liquid crystal polymer (LCP).
The company has a presence in 66 countries with 129 locations.
In 2017, Sumitomo invested USD 68 million in research and development
Strategy
Sumitomo is focusing on growth by catering to the growing demand for LCP films and laminates. To this end the company implements strategies such as acquisitions and expansion.
