Sumitomo Chemical and ITOCHU Announce Basic Agreement to Collaborate on Distribution カジノ シークレット 無料 Methionine

Nov. 30, 2016

Sumitomo Chemical Co., Ltd. (headquartered in Chuo-ku, Tokyo; Masakazu Tokura, Representative Director & President, hereinafter "Sumitomo Chemical") and ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter "ITOCHU") announced that they have reached a basic agreement to proceed with a discussion カジノ シークレット 無料 distribution collaboration カジノ シークレット 無料 the feed additive methionine, to be produced in the new production line (the "New Production Line") at the Ehime Works カジノ シークレット 無料 Sumitomo Chemical, following a decision to increase production capacity.

The scope カジノ シークレット 無料 collaboration includes the establishment カジノ シークレット 無料 a new joint venture to support the sales カジノ シークレット 無料 methionine to be produced in the New Production Line (approximately 100,000 metric tons per year) , with a certain volume カジノ シークレット 無料 methionine to be distributed through ITOCHU.

ITOCHU will bring a variety カジノ シークレット 無料 strengths to this collaboration, as a general trading company with a global sales network. In addition, through a strategic alliance and capital participation, ITOCHU has formed a strong relationship with the Charoen Pokphand Group Company Limited (CP Group), one カジノ シークレット 無料 Asia's largest purchasers カジノ シークレット 無料 methionine.

For its part, Sumitomo Chemical will bring cost-competitiveness in its methionine production operation, which integrates all production operations from raw material inputs to finished product, along with advanced technological capabilities, accumulated knowhow, and years カジノ シークレット 無料 proven safe and stable operations. Meanwhile, Sumitomo Chemical's production sites in Japan give it a geographic advantage in supplying product to local clients such as the CP Group, which has animal-feed factories in such countries as Thailand and China.

This basic agreement for collaboration is a confluence カジノ シークレット 無料 both Sumitomo Chemical aiming for quick sales growth after its production expansion, and ITOCHU seeking to expand its sale カジノ シークレット 無料 animal feed products with a reliable supply カジノ シークレット 無料 methionine. With ITOCHU paying for some カジノ シークレット 無料 the product upfront, this agreement has the added benefit for Sumitomo Chemical カジノ シークレット 無料 improving cash flow with an earlier return on investment.

By bringing together their strengths in having gained solid footholds in the markets カジノ シークレット 無料 China and Asia, Sumitomo Chemical and ITOCHU will further strengthen their businesses in these markets, contributing to a stable food supply on a global scale.