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Business

Sumitomo plans big China investment

by Jean-François Tremblay
September 4, 2017 | APPEARED IN VOLUME 95, ISSUE 35

Sumitomo Chemical will spend $150 million to build an electronic materials plant in Changzhou, Jiangsu, China. The city’s announcement about the plant did not specify when it will open but noted that it will produce “high-purity reagents” for semiconductor manufacturers in eastern China. The Chinese government is implementing a development plan for the country’s semiconductor industry that involves billions of dollars in investment by Chinese and foreign companies.

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