Sumitomo Chemical and Prime Polymer finalize polyolefin integration plan

Sumitomo Chemical and Prime Polymer have finalized a contract to integrate Sumitomo's domestic PP and LLDPE businesses into Prime Polymer. The business merger will occur on 1 July 2026, with asset integration by 1 April 2027. Sumitomo will acquire a 20% stake in Prime Polymer.

“Demand for domestically produced polyolefins will continue to decline because of shrinking domestic demand, population decline and changing lifestyles.”argusmedia.com

• 1 source
• argusmedia.comJapan’s petchem firms finalise polymer integration plan | Latest Market NewsKohei YamamotoMar 25, 2024

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