Sumitomo Forestry plans to support the starting up of a new products manufacturing line at Nagpur, India, as well as building the infrastructure for sales of a variety Japanese building materials within India.
The decision to expand into India is based on the expected growth in the business for building materials used in housing, as housing demand rises due to the increasing population. Through this alliance with SFPL, the Group aims to focus on the demand of the middle-income group, where the future population growth is most likely.
Sumitomo Forestry Co., Ltd. is a company mainly engaged in forestry business.
