Unit to be backing the group's business development in the region
Sumitomo Chemical, the largest Japanese investor on Jurong Island, has set up a new Business Support Regional HQ in Singapore for its South-east Asia, Indian and Oceania operations.
Apart from a number of chemical plant investments here, Sumitomo heads a Japanese consortium which owns half of Singapore's first multi-billion-dollar petrochemical complex.
Its new regional business support HQ, known as Sumitomo Chemical (Asia Pacific), will be operational from April 1 and will back the group's business development in this high-growth region, where some 22 Sumitomo companies are operating.
Source: Business Times 29th March 2013