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Sumitomo Chemical Acquires LCP Neat Resin Business Asset from Syensqo SA/NV
Expanding the Company's Product and Technology Lineup to Enhance its Business
Feb. 10, 2025
Sumitomo Chemical has acquired the asset of a liquid crystal polymer (LCP) neat resin business from Syensqo SA/NV ("Syensqo"), a company based in Belgium. By incorporating the products and technology acquired from Syensqo through this acquisition, the Company will strengthen its system for meeting new market needs and further expand its LCP business, particularly in ICT and mobility applications.
LCP is a type of super engineering plastic known for its excellent heat resistance, fluidity, and dimensional accuracy. It is used in various applications, including electronic components for PCs and smartphones. Sumitomo Chemical has been expanding its LCP business by leveraging its market-leading technical strengths in the research and development of polymer materials and their applications to meet market needs.
In recent years, LCP has garnered attention as a material for such things as power devices to meet increased electrical demand and the shift to EVs, next-generation millimeter-wave radar for autonomous driving, and high-capacity connectors for data centers. From this, the LCP market is expected to achieve further growth.
The LCP neat resin product technology Sumitomo Chemical has acquired from Syensqo is known for its high heat resistance. By incorporating Syensqo's lineup and technology, the Company will be able to better meet the needs of society. In addition, by utilizing Syensqo's LCP development pipeline and production technology, Sumitomo Chemical expects to expand its product lineup, not only in the ICT and mobility fields, but also across a wide range of applications.
Sumitomo Chemical will continue to position the LCP business in which growth is anticipated as one of the Company’s key businesses, and will expand it through such options as various partnerships with other companies. Through this, Sumitomo Chemical aims to double the current sales revenue of the business by the early 2030s.
Overview of Syensqo
| Company Name | Syensqo SA/NV |
|---|---|
| Location | Brussels, Belgium |
| Date of Establishment | December 2023 (following the partial demerger from Solvay SA) |
| CEO |
Dr. Ilham Kadri |
| Description of Business | Research, development, manufacturing, and sales of specialty chemicals |
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Sumitomo Chemical Co., Ltd.
Corporate Communications Dept.
https://www.sumitomo-chem.co.jp/english/contact/public/