Finish for finishing
30 Jul 2004
The Sumitomo Chemical Company is to transfer its domestic textile finishing resins business to Dainippon Ink and Chemicals on October 1 this year.
Sumitomo's textile finishing resins business manufactures products such as melamine resins and glyoxal resins as well as their respective hardening agents (catalysts), which have been widely used for retaining shape of textiles, stiffening padding, and other usages.
Japan's textile industry has been rapidly contracting, and in the face of declining demand, Sumitomo decided to divest itself of this business as part of its overall restructuring program.
In markets outside Japan - particularly in East Asia, where considerable growth in demand is expected - Sumitomo will expand its product line of textile finishing resins through The Bara Chemical Company, its 55%-owned subsidiary in Thailand which serves as its manufacturing, sales and technical services base for the region.
