Sumitomo Chemical transfers LCD business in China for restructuring

Sumitomo Chemical will transfer its large-size LCD polarizing film business in China to a local manufacturer, with subsidiaries Sumika Huabei and XUYOU Electronic Materials being excluded from the company’s consolidation.
This restructuring, effective March 31, 2025, aligns with Sumitomo’s shift towards high-growth areas like OLED and automotive polarizing films.Read More