Sumitomo Chemical : Newly Designates Three Products as Sumika Sustainable Solutions in Recognition of Their Contribution to Achieving a Sustainable Society
July 19, 2021 at 08:12 am EDT
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Sumitomo Chemical ('the Company') has newly designated three of its Group's products as Sumika Sustainable Solutions in the Company's six-year-old initiative to contribute to building a sustainable society. Sumika Sustainable Solutions, which now include 57 products and technologies, represent approximately 463 billion yen in terms of sales revenue in fiscal 2020.
The newly designated products are as follows: Cathode materials and their precursors, which significantly improve the performance of lithium-ion secondary batteries; polyolefin thermoplastic elastomers (TPEs) for airbag covers, which eliminate the need for the design surface painting process; and heat storage plastic materials HEATORAGE and COMFORMER, which can be used in residential building materials and textile products such as clothing and bedclothes to maintain appropriate temperatures inside houses, clothes, or blankets. These products contribute to energy saving and reduction of greenhouse gas emissions.
Since 2016, Sumitomo Chemical has been designating its Group products and technologies that contribute to the mitigation of climate change and reduction of environmental impact as Sumika Sustainable Solutions, subject to third-party verification, and promoting various initiatives for the development and widespread deployment of such products and technologies. The Company aims to double the sales revenue from Sumika Sustainable Solutions to 560 billion yen by the end of fiscal 2021, the final year of the Company's current Three-Year Corporate Business Plan.
The Sumitomo Chemical Group will continue to create and provide solutions that can contribute to achieving a sustainable society by capitalizing on a wide array of technologies that it has cultivated as a diversified chemical company operating in extensive areas of business.
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%).
Sumitomo Chemical : Newly Designates Three Products as Sumika Sustainable Solutions in Recognition of Their Contribution to Achieving a Sustainable Society
SUMITOMO CHEMICAL CO., LTD. 
