Sumitomo's agchem sales up in first half
Sumitomo Chemical’s first half agrochemical sales saw growth thanks to “solid demand” in overseas markets, the Japanese company reports. Sales for the company’s agricultural chemicals division, which includes feed additives, rose by 12.9% to ¥113,612 million ($1,144 million at current rate) in the six months to September 30th. Interim pesticide sales figures are not available, but agrochemicals accounted for around 71% of the company’s divisional sales in the year ended March 2008 ( Agrow No 546, p 4). Operating profit for the division in the first half was up by 13.4% to ¥12,264 million ($123.5 million). Sumitomo’s agrochemical sales were down by 6.7% to ¥142,411 million ($1,434.1 million) in the year ended March 31st 2008 ( Agrow ibid).