Sumitomo Chemical Co. Ltd. has announced a significant corporate reorganization set to take effect on July 1, 2025. The reorganization aims to enhance coordination within the company's display materials market. The color resist business will be transferred from the Electronic Materials Division to the newly named Display Materials Division, previously known as the Optical Materials Division. A new Display Chemicals Marketing Department will be established. Additionally, the Global Marketing Department will be split into two new units: the Mobile Display Materials Marketing Department and the Automotive Display Materials Marketing Department. This restructuring reflects the diversification of polarizing film applications. Concurrently, the Electronic Materials Division will be renamed the Semiconductor Materials Division. The changes include renaming several departments to better align with their respective responsibilities.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.