Sumitomo Chemical has decided to merge its three Singapore-based subsidiaries: Sumitomo Chemical Asia Pte Ltd., which engages in the manufacturing and sales of petrochemical products; Sumitomo Chemical Singapore Pte Ltd., which engages in the manufacturing and sales of methyl methacrylate (MMA); and Sumitomo Chemical (Asia Pacific) Pte Ltd., which deals with marketing and sales. The merger is effective April 1, 2017.
Sumitomo Chemical Asia Pte Ltd will remain intact while absorbing the other respective companies. The merger is intended to enhance Sumitomo Chemical Group’s competitive advantage in the sales, marketing, production and supply-chain management of chemical products in the region of Asia through bringing together the three companies’ extensive business expertise and leveraging their established intelligence network. In addition, concentrating the management resources of the three companies will serve to attain the overall optimization of the integrated business operations.
Following the merger, Sumitomo Chemical Asia Pte Ltd, as the Sumitomo Chemical Group’s regional headquarters in the region, will work to expand the group’s presence in the region by seizing business opportunities successfully in the growing markets of the region.