Food and Agribusiness

Sumitomo Chemical Completes Acquisition of Four Nufarm South American Affiliates

Sumitomo Chemical Company, Limited (“Sumitomo Chemical”) has successfully completed, on April 1, 2020, the acquisition of four South American subsidiaries in Brazil, Argentina, Chile and Colombia, owned by the Nufarm Limited (“Nufarm”) business group, a leading Australian company in agricultural chemicals. By taking full advantage of the acquisition base, the company will be well positioned to have sustained sales growth for INDIFLINTM (inpyrfluxam), a new highly effective fungicide against Asian Soybean Rust, discovered by Sumitomo Chemical’s own technology , which will be launched in South American countries after 2020, and will achieve exponential growth in its crop protection income.

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