Sumitomo Chemical transfers Japan PP, LLDPE businesses to Prime Polymer for 20% stake
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Sumitomo Chemical has agreed to transfer its Japan polypropylene (PP) and linear low-density polyethylene (LLDPE) businesses to Prime Polymer, retaining a 20% stake in the company. This transaction will occur in two phases: the first phase is set to begin on July 1, 2026, pending regulatory approvals, while the second phase is planned for April 1, 2027. This move is part of a broader reorganization of Sumitomo's polyolefin operations.
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