Sumitomo Chemical Transfers All カジノ シークレット 無料 ボーナス its Shares in Two Polypropylene Compound Companies in Zhuhai and Dalian, China
Accelerating Business Restructuring as Part カジノ シークレット 無料 ボーナス its Short-Term Intensive Performance Improvement Measures

Dec. 18, 2024

Sumitomo Chemical Co., Ltd. has transferred all カジノ シークレット 無料 ボーナス its shares in its two polypropylene compound business companies in China, Zhuhai Sumika Polymer Compounds Co., Ltd. and Sumika Polymer Compounds Dalian Co., Ltd., to Guangzhou Suptech Material Technology Co., Ltd., a compound business company in the country.

Polypropylene compound is a high-performance material made by blending polypropylene (PP) with synthetic rubber, glass fibers, inorganic fillers and other materials, and it カジノ シークレット 無料 ボーナスfers enhanced functionality and rigidity. The material is primarily used in automotive bumpers, interior materials, and household appliances. Sumitomo Chemical has expanded its PP compound manufacturing and sales footprint in North America, Europe, and Asia since the 2000s, as Japanese automobile manufacturers, its major customers, have built global supply chains.

Going forward, Zhuhai Sumika Polymer Compounds and Sumika Polymer Compounds Dalian in China are expected to continue to face an increasingly competitive business environment, with other local compounders’ market shares rapidly increasing. In view カジノ シークレット 無料 ボーナス these circumstances, Sumitomo Chemical has transferred all カジノ シークレット 無料 ボーナス its shares in these companies to Guangzhou Suptech Material Technology, which possesses strong technological capabilities as well as significant growth potential in the Chinese market. Sumitomo Chemical considers Guangzhou Suptech Material Technology the best owner for these businesses and believes that enhancing their efficiency under the new ownership will be the best way forward.

Overview カジノ シークレット 無料 ボーナス the companies to be transferred

Company name	Zhuhai Sumika Polymer Compounds Co., Ltd.	Sumika Polymer Compounds Dalian Co., Ltd.
Principal place カジノ シークレット 無料 ボーナス business	Zhuhai City, Guangdong Province, China	Dalian City, Liaoning Province, China
Year established	2005	2011
カジノ シークレット 無料 ボーナス	Manufacture and sale カジノ シークレット 無料 ボーナス PP compounds	Manufacture and sales カジノ シークレット 無料 ボーナス PP compounds and thermoplastic elastomers
Capital Structure	カジノ シークレット 無料 ボーナス Chemical: 55% Other shareholders: 45%	カジノ シークレット 無料 ボーナス Chemical: 50% Zhuhai Sumika Polymer Compounds: 50%

Overview カジノ シークレット 無料 ボーナス the transferee company

Company name	Guangzhou Suptech Material Technology Co., Ltd.,
Principal place カジノ シークレット 無料 ボーナス business	Guangzhou City, Guangdong Province, China
Year established	2018
カジノ シークレット 無料 ボーナス	Manufacture and sale カジノ シークレット 無料 ボーナス PP, ABS and other plastic products (compound products, etc.)
Representative	Wen Jianghe, Chairman

Sumitomo Chemical is implementing short-term intensive performance improvement measures and, as part カジノ シークレット 無料 ボーナス these efforts, is accelerating the restructuring カジノ シークレット 無料 ボーナス its businesses from the perspective カジノ シークレット 無料 ボーナス prカジノ シークレット 無料 ボーナスitability and the best-owner principle. The Company will steadily advance these measures to ensure a V-shaped recovery in fiscal 2024, while also carrying out fundamental structural reforms.

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