TLDR:
- Sumitomo Bakelite has decided to invest in UMI3 Investment Limited Partnership, a fund specializing in the materials and chemical industries.
- This investment aligns with Sumitomo Bakelite’s focus on semiconductor-related materials, high-functional plastics, and quality of life products.
In a recent announcement, Sumitomo Bakelite Co., Ltd. revealed its decision to invest in UMI3 Investment Limited Partnership, a fund organized by Universal Materials Incubator Co., Ltd., a venture capital firm specializing in investments in the materials and chemical industries. This move is in line with Sumitomo Bakelite’s core business areas, which include semiconductor-related materials, high-functional plastics, and quality of life products. The company operates in three segments, offering a range of products such as epoxy molding materials for semiconductor encapsulation, industrial phenolic resins, and medical equipment. By investing in UMI, Sumitomo Bakelite aims to further enhance its presence and innovation in the materials and chemical industries.
