Sumitomo Launches Second Phase of AgroSolutions Reorganization

Sumitomo Chemical today announced that as of April 1, it is integrating its research and regulatory affairs
functions to enable greater leveraging of corestrengths and capabilities while further enhancing synergies between its plant protection and Valent BioSciences Corp. biorational businesses.

In April of last year, Sumitomo Chemical kicked off this project by assigning the global heads of
marketing, business development, product development, and business planning joint responsibility for
both plant protection and biorational portfolios. Before then, the plant protection business has been
managed by Sumitomo Chemical, and the biorational business by VBC from the United States. The
integration of research and regulatory affairs functions were intended to be carried out within
approximate lead time of one year or so. The second phase of this functional integration in April 2016
will enable further synergies between the two businesses.

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“Bringing VBC biorational and Sumitomo Chemical plant protection business functions together into
one cohesive structure is a natural evolution stemming from the rapid expansion of our agro-solutions
business and the shift toward integrated program solutions in the markets we serve,” said Kimitoshi
Umeda, General Manager, AgroSolutions Division – International. “As we continue to develop new
and innovative solutions for agriculture, it is important that our research and regulatory affairs
activities are synchronized with an eye toward maximizing value to our customers.”

Sumitomo Chemical through VBC has expanded its biorational business recently, opening VBC’s
fermentation manufacturing facility in 2014 and acquiring Mycorrhizal Applications LLC, a producer
of mycorrhizal fungal inoculum in 2015 and intends to continue to make strategic investment in this
field.

The reorganization of functional integration has included reassignment and relocation of key
individuals within Sumitomo Chemical and VBC to enable rapid expansion of both plant protection
and biorational competencies while responding to market needs by delivering innovative solutions,
thereby contributing to meeting the world’s growing demand for a secured and stable supply of safer
foods.

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Source: Sumitomo Chemical

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