Sumitomo Chemical to Exit the DPF Business
Nov. 17, 2017
Sumitomo Chemical today announced its decision to exit the diesel particulate filter (DPF) business and concurrently dissolve its DPF subsidiary, Sumika Ceramics Poland.
Sumitomo Chemical has been engaged in manufacturing and selling DPFs since September 2011 when Sumika Ceramics Poland was established. During the course ofthe business, the competitive environment surrounding the automotive industry underwent various changes and has made it prudent for the Company to conclude that securing a stable flow of profits from the business over the medium to long term would be difficult.
Despite the decision, Sumitomo Chemical will continue to expend every effort of investing its management resources particularly in those fields in which the Company can offer comparative advantages technologically, aiming always to achieve sustainable growth through creation of new value.
Overview of Sumika Ceramics Poland
|Company name||Sumika Ceramics Poland Sp. z o.o.|
|Location||Wroclaw, Republic of Poland|
|Capital||PLN 573.319 million (Sumitomo Chemical 100%)|
|Business||Manufacturing and sales of DPF|
Corporate Communications Dept.
27-1, Shinkawa 2-chome, Chuo-ku, Tokyo, 104-8260, Japan
TEL: +81-3-5543-5102 FAX: +81-3-5543-5901