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Regions :: Africa

Sumitomo Chemical establishes subsidiary in Tanzania

8:27 AM MDT | May 22, 2014 | Deepti Ramesh

Sumitomo Chemical says that it has established a new eastern Africa subsidiary at Arusha, Tanzania, to conduct market surveys and R&D on agricultural chemicals. The value of the agricultural market in Africa has the potential to exceed $1 trillion by 2030 mainly because of the rising population, Sumitomo says. The continent's uncultivated land that is suitable for growing food grains is 450 million hectares, more than half of the world’s total area of such land, Sumitomo says. With the expected expansion of farmland and the agricultural chemicals...

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