Friday, December 18, 2009

Sumitomo expands into China

Sumitomo Chemical Co. will soon produce amino acid feed additives outside of Japan for the first time, according to The Nikkei. The company has an 80% stake in a plant that is under construction in China’s Liaoning province and is set to begin production of the amino acid methionine for poultry feed in 2011. The factory has a planned annual production capacity of 20,000 tons.
The Nikkei reports that the Chinese market for amino acid feed additives is growing 5% to 6% annually as consumption of poultry rises. Sumitomo Chemical’s goal is to supply 20% of the global amino acid feed supplement market, the newspaper reports.

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