Sumitomo Chemical close diesel particulate filter subsidiary

Sumitomo to close diesel particulate filter subsidiary

11:19 AM, 20th November 2017
Sumitomo Chemical logo

TOKYO, JAPAN: Sumitomo Chemical Co Ltd 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 of the 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 the creation of new value.

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