Sumitomo Chemical
Strategic Merger: Shitian Expands Portfolio with Sumitomo Chemical’s Assets
December 21, 2024 – In a groundbreaking move, Shitian Technology announced on December 12, 2024, the successful completion of its comprehensive acquisition of Sumitomo Chemical Co., Ltd.’s (Sumitomo Chemical) polypropylene (PP) composites and thermoplastic elastomers (TPE) business in the Chinese market. With this strategic takeover, Shitian has also smoothly assumed control of production bases located…