Sumitomo Chemical Co. Limited is one of Japan's leading chemical companies, offering a diverse range of products in the fields of basic chemicals, petrochemicals, fine chemicals, IT-related chemicals, agricultural chemicals, and pharmaceuticals. While expanding business worldwide and aggressively pursuing cutting-edge R&D, we continually strive to contribute to the sustainable development of society through our Responsible Care activities.
Sumitomo Chemical is currently implementing its Three-Year Corporate Business Plan covering the fiscal years from 2004 through 2006. The plan is designed to move us towards being a truly global chemical company in the 21st century and a major player in every area of our business. The plan constitutes a key milestone on the path toward achieving this vision.
Today, the chemical industry is facing major structural changes driven by such factors as rapid economic growth in Asia, soaring prices for crude oil and naphtha, the expansion of the IT and consumer electronics markets, and the acceleration of the reorganization taking place in the Japanese pharmaceutical industry. Our Three-Year Corporate Business Plan takes these challenges into account. We intend to take advantage of them as opportunities to exploit as we strive to expand our business.