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Sumitomo Bakelite North America Holding, Inc. announced it will close its Durez Corporation manufacturing facility in Kenton, Ohio over an approximately two-year transition period, with limited operations continuing through September 2028.4d agoSumitomo Bakelite held a business briefing on the previous day, presenting growth prospects for sealing materials driven by AI data centers and physical AI, and for high-performance plastics with aircraft-related materials sales potentially reaching 25-30 billion yen by 2030.11d agoSumitomo Bakelite's stock price is trading near its all-time high, driven by strong sales of semiconductor encapsulation materials and expectations of price increases.37d ago