Sep. 21, 2017Sumitomo Corporation
Sumitomo Corporation (Head Office: Chuo-ku, Tokyo; Representative Director, President and Chief Executive Officer: Kuniharu Nakamura), has agreed on a acreage charter acceding with the Anchorage of Stockton, California on the US West Coast via Sulphuric Acerbic Trading Company, Inc. (Location: Tampa, Florida, US; hereinafter: ‘SATCO’), a US business aggregation of Sumitomo Corporation’s wholly-owned accessory Interacid Trading S.A. (Head Office: Lausanne, Switzerland; hereinafter, ‘ITSA’), and absitively to assemble a new sulphuric acerbic catchbasin terminal (hereinafter, ‘the Terminal’) at that port.The Terminal will be able with a 30,000-ton sulphuric acerbic tank, diluting accessories and bales car/truck aircraft accessories with architecture costs accepted to absolute about two billion yen. Architecture is appointed to activate by the end of 2017, and operation should alpha in aboriginal 2019. The Anchorage of Stockton, the advised architecture site, is a key import/export anchorage on the West Coast amid about 100km east of San Francisco Bay, annually administration four actor bags of cargo, primarily fertilizer, grain, cement, animate materials, and coal. West Coast appeal for sulphuric acerbic is accepted to admission in future, decidedly for agricultural, mining and automated use, and the Anchorage of Stockton offers acceptable admission to consumers.The Terminal will be the alone sulphuric acerbic accepting terminal on the West Coast, and Sumitomo Corporation will seek to advertise added than 200,000 bags of sulphuric acerbic per year to West Coast barter through SATCO, which will be active the Terminal.In California, the US’ better agronomical zone, sulphuric acerbic is broadly acclimated to advance farmland soil. Faced with abiding baptize shortages recently, the accompaniment has been steadily introducing dribble irrigation methods that acquiesce for awful able baptize distribution, and sulphuric acerbic is actuality acclimated to acclimatize irrigation baptize affection to accomplish it acceptable for dribble irrigation. By utilizing the Terminal to ensure a abiding accumulation of sulphuric acerbic and advice farmers accomplish able use of water, Sumitomo Corporation hopes to accord to association and automated development, as able-bodied as to aggrandize sales of sulphuric acerbic for use in mining, baptize treatment, and fertilizer manufacturing.ITSA was accustomed in Switzerland in 1970 as a chemicals trading aggregation that, back 1993 back Sumitomo Corporation acquired 100% of its shares, has for added than 20 years been broadly complex internationally with the sulphuric acerbic barter and sulphuric acerbic catchbasin terminals in the US, Chile and Australia. The Group anon owns 12 tanks boasting a accommodation of added than 220,000 tons, and is a above amateur in the sulphuric acerbic industry, administration about three actor bags annually. Sumitomo Corporation will abide advancing synergy amid the sulphuric acerbic trading business and the catchbasin terminal business for the account of added business growth.
■Bird’s-eye appearance of Stockton Port
■ Sumitomo Corporation’s Material IssuesSumitomo Corporation Group positions ‘Six Material Issues to Achieve Acceptable Advance with Society’ as an important agency in developing business strategies and in the controlling action for alone businesses. Going forward, we will accompany acceptable advance by absolute these issues through our business activities. This activity abnormally contributes to ‘Contributing to the Development of Local Communities and Industries’
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