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sumitomo corp (8053) Details

Sumitomo Corporation imports, exports, and supplies various goods and commodities worldwide. Its Metal Products segment sells metal products, including steel sheets, tubular products, and other products, as well as non-ferrous metals, such as aluminum and titanium. The company’s Transportation & Construction Systems segment offers products and services related to ships, aircrafts, transportation systems, motor vehicles, construction equipment, and related components and parts. This segment is also involved in automobile and automotive parts distribution, retail, and financial services. Its Environment & Infrastructure segment engages in social infrastructure businesses, such as electric power, water supply, and sewerage systems; renewable energy businesses, including solar photovoltaic power generation and wind power generation ventures; environmental businesses, such as next-generation batteries and recycling; industrial infrastructure businesses, including industrial facilities and equipment; and logistics, insurance, and overseas industrial-park-related businesses. The company’s Media, Network, Lifestyle Related Goods & Services segment engages in the areas of media, network, lifestyle/retail, food, materials and supplies, construction, and real estate businesses. Its Mineral Resources, Energy, Chemical & Electronics segment develops businesses in the fields of mineral resources and energy, coal, iron ore, non-ferrous metal materials, uranium, petroleum, natural gas, liquefied natural gas, and liquefied petroleum gas; trades in chemicals and electronics, as well as synthetic resin materials and organic/inorganic chemicals; develops rare earth elements; and undertakes business in pharmaceuticals, agricultural chemicals, fertilizers, pet supplies, and others. Sumitomo Corporation was founded in 1919 and is headquartered in Tokyo, Japan.

Founded in 1919

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sumitomo corp (8053) Key Developments

Sumitomo Corporation Wins an EPC*1 Contract for Unit 4 of Lontar Coal Fired Steam Power Plant

Sumitomo Corporation has been awarded an EPC contract for Unit 4 of Lontar Coal Fired Steam Power Plant (Banten Province, Java, Indonesia; Power capacity: 315 MW; hereinafter, ‘The Power Plant’) including civil and installation works, by PT. PLN (Persero) through the formation of a consortium with Black & Veatch International Company and PT. Satyamitra Surya Perkasa, an Indonesian construction and engineering company. This is an extension project located approximately 80 kilometers west of Jakarta, and Unit 4 will be built in the vicinity of existing Units 1 to 3. BVI shall assume responsibility for all aspects of the technology while SSP shall perform the civil and installation work. Sumitomo will be responsible for the equipment supply and commercial leadership of the consortium. The main equipment, the boilers, will be supplied by IHI Corporation, while the steam turbine and power generator will be supplied by Toshiba Corporation. Adoption of this supercritical technology by a power plant with a capacity of 315 MW is unprecedented, and represents a new design that mainly employs Japanese technology. The EPC contract amount is approximately $450 million, and the construction is scheduled to commence in 2016, with completion in 2019. In response to rapidly increasing demands for electric power concurrent with economic growth, Indonesia is promoting its 35 GW power plants development plans to secure additional electric power sources generating 35 GW during a five-year period from 2015 to 2019. The Power Plant is also positioned as one of these power source plans. In Indonesia, Sumitomo Corporation has an extensive track record of orders received and completion of electric power infrastructure projects, including the Tanjung Jati B coal-fired power plant. Toward the future, Sumitomo Corporation will exert the utmost effort to secure additional orders for other projects under the 35 GW power plants development plans. The total capacity of power plants built in overseas projects in which Sumitomo Corporation was involved has already exceeded 50,000 MW. The company will further expand its power infrastructure-related businesses on a global scale based on its long track record, thus contributing to their economic development through infrastructure improvement.

Sumitomo Corporation to Report Fiscal Year 2015 Final Results on Sep 18, 2015

Sumitomo Corporation announced that they will report fiscal year 2015 final results on Sep 18, 2015

Sumitomo Corporation Signs Contract for Supply of TV Broadcasting Equipment to Television Tunisienne

Sumitomo Corporation announced that it has received an order to deliver OB(Outside broadcasting) vans and studio equipment for the National Television Broadcasting Center Project in Tunisia, by utlilizing STEP condition yen credit provided to Tunisian Government. The contract amount is equivalent to JPY 1.5 billion. Sumitomo Corporation was selected for this Project following positive assessments of its work during the first phase in 2008 and its project administration capabilities. Sumitomo Corporation will have supplied and installed studio equipment from Sony Corporation as well as OB vans, and offered training to TT engineers from spring 2016. Sumitomo Corporation will continue putting to good use the experience it has cultivated in order to further enhance infrastructure globally.


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