Sumitomo Bakelite plans to increase semiconductor encapsulation material capacity by 30% at its Suzhou facility, with operations starting around December 2028. The move targets rising demand from AI,
The CW75 index fell 2.84%, while Sumitomo Chemical shares reached an all-time high after profits surged 58% to ¥60.9 billion.
Sumitomo Bakelite reported a 53% year-over-year increase in net earnings, driven by recovering memory market sales of photosensitive materials during the first nine months of the fiscal year.
Lummus and Sumitomo announced commercial availability of their PMMA chemical recycling technology, converting end-of-life PMMA back into MMA monomer.
Sumitomo Chemical posted a profit surge despite falling sales in the first nine months of its fiscal year, aided by gains from a Petro Rabigh share sale.
ChemBrief