Sector News

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
 

comments closed

Related News

November 28, 2021

Synthomer appoints new CFO

Chemical Value Chain

Synthomer announced the appointment of Lily Liu as Chief Financial Officer (CFO). Lily will take up the role no later than 1 July 2022, succeeding Steve Bennett who announced in August 2021 that he would step down once a suitable successor was in place.

November 28, 2021

Westlake to acquire Hexion’s epoxy business for $1.2 billion

Chemical Value Chain

Westlake Chemical (Houston, Texas) has reached agreement to acquire Hexion’s (Columbus, Ohio) epoxy business for approximately $1.2 billion. Westlake says the deal enhances chlorine and olefins integration and brings attractive opportunities in high-growth epoxy markets, including wind turbine blades, automotive lightweighting, aerospace and consumer coating applications.

November 28, 2021

Tetra Pak and Appetite Creative drive brand-consumer engagement with gamified carton experiences

Chemical Value Chain

Tetra Pak Iberia is launching a gamified app experience in partnership with digital studio Appetite Creative. The technology is enabled though scannable QR codes printed on drinking cartons and available to all brands in Southern Europe.

Send this to a friend