TOKYO -- Sumitomo Chemical will reduce its production capacity for polarizing film used in LCD panels in a pullback reflecting Chinese manufacturers' rise in the market.
Japanese manufacturer will exit production in China and South Korea

Sumitomo Chemical has decided to reduce production capacity for film used in large LCD panels, such as those used in TVs. (Photo obtained by Nikkei)
TOKYO -- Sumitomo Chemical will reduce its production capacity for polarizing film used in LCD panels in a pullback reflecting Chinese manufacturers' rise in the market.