Sumitomo Chemical Co (JP:4005) has released an update.
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Sumitomo Chemical is restructuring its large-size LCD polarizing film business by transferring it to a local manufacturer in China. This move aligns with the company’s strategy to focus on high-growth areas like OLED and automotive applications, while exiting the maturing large-size LCD market. The restructuring is not expected to affect the company’s financial forecast for the fiscal year ending March 31, 2025.
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