Sumitomo Announces New Business Plan

Sumitomo Chemical has announced its new corporate business plan for fiscal 2010-fiscal 2012. The company says it will actively pursue a technology strategy, a climate change strategy, and a business portfolio strategy to achieve its corporate vision of achieving sustainable growth and to help meet global challenges. Sumitomo, based on the new business plan, aims to achieve net profits of ¥140 billion and sales of ¥2.4 trillion in the fiscal year ending March 31, 2013, compared to the forecasted net profits of ¥10 billion and sales of ¥1.6 trillion...

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