Jul. 30, 2014
Sumitomo Chemical plans to set up a subsidiary in Kenya as part of its strategy to exploit the emerging East African market.The company has already started the plans to establish a local fertilizer and agro chemicals plant to service the growing region market. Senior officials of the company led by the Executive Vice President Yoshimara Takao are in the country on a three-day fact-finding mission. They will also meet senior government officials and private sector players.
Takao said they picked Kenya as a host country, owing to its strategic location in the region and size of its economy. He reckons that Kenya’s strong agriculture position in the region was an added advantage to their operations. "Our plans is to expand our business in Kenya to support the country’s efforts to become food secure," explained Takao.