Zhenjiang Runjing High Purity Chemical Technology Co.,Ltd. agreed to acquire Sumika Electronic Materials Co., Ltd./Sumika Electronic Materials Co., Ltd. from Sumitomo Chemical Company, Limited.
April 15, 2024
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Zhenjiang Runjing High Purity Chemical Technology Co.,Ltd. agreed to acquire Sumika Electronic Materials (Hefei) Co., Ltd./Sumika Electronic Materials (Chongqing) Co., Ltd. from Sumitomo Chemical Company, Limited (TSE:4005) on April 16, 2024. The transfer is scheduled to be completed on May 31, 2024.
Sumitomo Chemical Co Ltd is one of the Japanese largest chemical groups. The group is also manufacturing and marketing pharmaceutical products. Net sales break down by family of products as follows:
- petrochemical and plastic products (25.8%): ethylene, polyethylene, propylene, elastomers, agricultural films, etc.;
- pharmaceutical products (23.9%): ethic drugs, radiopharmaceutical products, etc.;
- telecommunication chemical products (18.9%): optic films, pigments, filters, etc.;
- agrochemical and fine chemistryproducts (18.5%): insecticides, herbicides, fertilizers, food additives, etc.;
- functional chemical products (10.7%): methanol, caustic soda, aluminum hydroxide, alumina, nitric acid, acrylonitrile, active pharmaceutical ingredients, polymeric additives, resorcine, colorants, etc.;
- other (2.2%).
Net sales break down geographically as follows: Japan (31.7%), China (19.2%), Asia (19.5%), North America (17.7%), Europe (4.2%) and other (7.7%).
Zhenjiang Runjing High Purity Chemical Technology Co.,Ltd. agreed to acquire Sumika Electronic Materials Co., Ltd./Sumika Electronic Materials Co., Ltd. from Sumitomo Chemical Company, Limited.