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Sumitomo Chemical merges petchems divisions following Chiba cracker closure

June 17, 2015
Chemical Value Chain
Sumitomo Chemical is merging its petrochemicals and feedstocks division with that of organic chemicals to create a single organic chemicals division, the company announced on Wednesday. The move follows the closure last month of Sumitomo Chemical’s 415,000 m.t./year Chiba ethylene plant. The restructuring is effective 1 July, Sumitomo Chemical tells CW. The restructuring removes one division in the company’s petchems business leaving organic chemicals and propylene oxide as the functioning divisions.
 
Meanwhile, Sumitomo Chemical is also reorganizing its energy and functional materials division, creating a quality assurance office of the energy and functional materials sector. The company tells CW that the restructuring will not result in job cuts but some job relocations are currently under consideration.
 
By Natasha Alperowicz
 

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