SUMITOMO CHEMICAL TO REDUCE PETCHEM INVESTMENT

HIGHLIGHTS

• Sumitomo Chemical is planning to reduce investment in petrochemical business and plastic business.
• With the original plan being of 20% of investment, the new plan is about 10% investment.
• Many unspecified investments have been postponed.

Japanese chemical firm Sumitomo Chemical is set to reduce its investment target in the petrochemical business and plastic b....