Latest Sumitomo Chemical Co. Stories

2008-09-30 18:01:07

Tokyo, Sept. 30 (Jiji Press)--Sumitomo Chemical Co. said Tuesday it has lowered its group operating profit estimate for fiscal 2008 to 70 billion yen from 95 billion yen from previously seen. For the year to March 2009, the major Japanese chemical maker also cut its net profit forecast to 15 billion yen from 55 billion yen. But its sales projection was revised up to 2.11 trillion yen from 2.08 trillion yen. The profit downward revisions were attributed to weaker-than- expected earnings...

2008-09-08 18:00:30

Tokyo, Sept. 8 (Jiji Press)--Sumitomo Chemical Co. said Monday that the full-fledged operational launch of its oil refinery and petrochemical complex in Saudi Arabia is seen to be delayed to January-March 2009. This is because of a technical problem that has delayed the launch of part of the facilities, according to the major Japanese chemical maker. Sumitomo Chemical initially planned to start the full-scale operations of the complex, located in Rabigh on the western coast of Saudi...

2008-08-23 18:00:26

Tokyo, Aug. 23 (Jiji Press)--Japanese chemical makers are promoting the use of raw materials other than naphtha to combat soaring crude oil prices and ensure stable production. In departure from dependence on naphtha as a key raw material for chemical products, Sumitomo Chemical Co. will open a plant in Saudi Arabia to make raw materials of plastics from natural gas and ethane released during oil drilling. Once the plant starts operating by the end of March next year, Sumitomo Chemical's...

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