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    Home > Chemicals Industry > International Chemical > Issue 18, 2021 - Sumitomo Chemical exits EPDM business

    Issue 18, 2021 - Sumitomo Chemical exits EPDM business

    • Last Update: 2022-11-11
    • Source: Internet
    • Author: User
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    Sumitomo Chemical withdrew from the EPDM business

    Sumitomo Chemical recently announced that it will stop production of 40,000 tons/year of synthetic rubber EPDM rubber (EPDM) at its Chiba plant and terminate sales
    of the product at the end of March 2023.

    Sumitomo Chemical said that to date, the company has been working to enhance the competitiveness
    of its business by increasing the added value of its products and reducing costs.
    However, for more than 50 years since the company's EPDM production line was put into operation in 1970, manufacturing equipment has deteriorated and maintenance and repair costs have increased year by year, so it is difficult to secure stable income
    in the medium to long term.

    Sumitomo Chemical said that after exiting the EPDM rubber production and sales business, it will continue to allocate management resources centered on competitive fields and achieve sustainable growth
    by creating new value.

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