Sumitomo Chemical to Merge its Three Wholly-owned Subsidiaries in Singapore

Oct. 19, 2016

Sumitomo Chemical has decided to merge its three Singapore-based subsidiaries, Sumitomo Chemical Asia Pte Ltd, Sumitomo Chemical Singapore Pte Ltd, and Sumitomo Chemical (Asia Pacific) Pte Ltd, effective April 1, 2017. Sumitomo Chemical Asia Pte Ltd will be the surviving company.

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.

Overview of the Three Subsidiaries in Singapore

Company name	Sumitomo Chemical Asia Pte Ltd
Established	July 1990
Capital	USD 150.565 million
President	Satoshi Takazawa, Managing Executive Officer of Sumitomo Chemical
Business	Manufacturing and sales of petrochemical products

Company name	Sumitomo Chemical Singapore Pte Ltd
Established	July 1996
Capital	USD 275.838 million
President	Yoshiharu Inui
Business	Manufacturing and sales of MMA

Company name	Sumitomo Chemical (Asia Pacific) Pte. Ltd.
Established	March 2013
Capital	USD 14.0 million
President	Satoshi Takazawa, Managing Executive Officer of Sumitomo Chemical
Business	Sales and marketing of chemical products, Regional headquarters for the Southeast Asia, India, and Oceania region

Contact

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