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Sumitomo Acquires Agchems Firm in India

10:20 AM MST | December 17, 2010 | Ian Young

Sumitomo Chemical says it has acquired agchem producer New Chemi Industries (Mumbai) for an undisclosed amount. New Chemi had 2009 sales of about Rs714 million. "New Chemi has been the partner of Sumitomo Chemical's manufacturing joint venture company in India since 2000, and has a large portfolio of crop protection products, which would complement Sumitomo's product lines currently distributed in India," Sumitomo...

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