Sumitomo Chemical to strengthen global crop protection business organization -Combining agricultural chemicals business and biorational businesstowards operational synergies

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Publish time: 31st March, 2015      Source: Japan
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Sumitomo Chemical to strengthen global crop protection business organization -Combining agricultural chemicals business and biorational businesstowards operational synergiesSumitomo Chemical to strengthen global crop protection business organization -Combining agricultural chemicals business and biorational businesstowards operational synergies" title="Share this link on Facebook">JapanMarch 31,2015Sumitomo Chemical today announced that as of April 1, its agricultural chemicals businessoperations will be integrated with the biorational business operations to strengthen its globalcrop protection business.In the Sumitomo Chemical Group’s global crop protection business, the agriculturalchemicals business has been managed by Sumitomo Chemical, and the biorational businessby Valent BioSciences Corp. in the United States. Beginning next month, SumitomoChemical will directly manage functions relating to biorational business, including marketing,product management, new product development, business development and businessplanning, so that the Company will integrally operate both the agricultural chemicals businessand the biorational business. Sumitomo Chemical also intends to carry out the sameoperational integration with respect to research and regulatory functions within a year or so.We believe that these functional consolidations will enable Sumitomo Chemical to respond tomarket needs more swiftly and properly in both the businesses through working directly withits affiliated companies around the world.In connection with this integration, Sumitomo Chemical will form a Biorational BusinessUnit, a team assuming responsibilities for business target setting, and related research,manufacturing, or supply chain management. The Biorational Business Unit will also engagein businesses outside the field of agriculture, including public health and forestry, as well aspost-harvest operations and mycorrhizal fungi operations, all of which are currently handledby Valent BioSciences.Leveraging to the fullest extent its product lines that are well-balanced between agriculturalchemicals and biorational products, Sumitomo Chemical will expand its business across abroad range of fields, from seed treatment to post-harvest phase, thereby contributing tomeeting the world’s growing demand for a secured and stable supply of safer food.Company ProfileName: Valent BioSciences CorporationLocation: Libertyville, Illinois, the United StatesEstablishment: January 2000President: Andrew LeeBusiness: Research and development, manufacture and sale of biorational productsEquity investment: Valent U.S.A. Corporation 100% (Valent U.S.A. Corporation is a whollyowned subsidiary of Sumitomo Chemical.)More news from: Sumitomo Chemical Co.Website: http://www.sumitomo-chem.co.jpPublished: March 31, 2015The news item on this page is copyright by the organization where it originatedFair use notice