Sumitomo Bakelite Co., Ltd.,Tokyo, Japan, June 29 2020 (TOKYO:4203 HQ: Shinagawa-ku, Tokyo, President and Representative Director: Kazuhiko Fujiwara): Sumitomo Bakelite Co., Ltd. has announced its intention to open a new manufacturing line to produce epoxy encapsulation composite materials for automotive applications at its Belgian production subsidiary, Vyncolit NV. The investment will provide local manufacturing capacity for specialist encapsulation materials in the automotive and new mobility fields in Europe, with the company aiming to reach sales in the encapsulation compound market of 12 billion yen by the 2025 fiscal year.