Sumitomo Subsidiary to Build Fermentation Facility in Iowa

Sumitomo Chemical says its Valent BioSciences Corp. (VBC; Libertyville, IL) subsidiary will invest $150 million to construct a new fermentation manufacturing facility at Osage, IA, for the production of biorational agricultural, horticultural, public health and forestry products. The facility will be the largest single investment by any company in the world to support the manufacturing and formulating of biorational products, Sumitomo says. Groundbreaking is expected in 2012 and full-scale commercial operation is expected to begin in 2014. Until then...

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