Sumitomo Chemical's return on investment in energy and functional materials is expected to reach 10%. The current rate of return on investment is only 5%. The company recently announced that it will reach its target of 10% by 2021. Its operating profit is expected to further increase. .
In order to achieve this goal, the company will further invest in battery insulation materials, PES materials, inter-diphenol, and high-purity alumina, among which the third plant of PES will start construction around 2019. At the same time, the company will also increase The next generation of product R&D efforts will see the investment amount to be around 230 billion yen after 2019. If it goes well, its profit will rise from 20 billion yen to about 30 billion yen.