Sumitomo Chemical mergers three subsidiaries in Singapore

Sumitomo Chemical merges three subsidiaries in Singapore

11:18 AM, 19th October 2016
Sumitomo Chemical mergers three subsidiaries in Singapore

SINGAPORE: Sumitomo Chemical has chosen to consolidation its 3 Singapore-based subsidiaries, Sumitomo Chemical Asia Pte Ltd, Sumitomo Chemical Singapore Pte Ltd and Sumitomo Chemical (Asia Pacific) Pte Ltd, effective 1 April 2017. Sumitomo Chemical Asia Pte Ltd will be the surviving company.

This decision improves the company’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' broad business skill and utilizing their established intelligence network.

Furthermore, concentrating the management resources of the three companies will serve to accomplish 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.

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