Sumitomo Group

The Sumitomo Group (Japanese住友 グループ, Sumitomo Gurūpu ) is a keiretsu.

History

The group is Masatomo Sumitomo (1585-1652) named after your founder, who in 1630 opened a shop for the sale of medicines and books in Kyoto.

Masatomo Sumitomo's brother- Riemon Soga (1572-1636), who ran a copper smelter and blacksmith, developed a new forging technique, called Nanban - buki process, the silver crude copper separated. Tomomochi Sumitomo (1607-1662), the eldest son of Riemon Soga, the business expanded to Osaka. He shared with the new forging technique other copper smelters and thus made ​​the name of the Sumitomo family known as the source of Nanban - buki process. This gave Sumitomo the ability to climb to the top of the copper mining and refining until the end of the 18th century. After that, new business were added, such as banks, department stores, electrical cables and other.

Gained international recognition Sumitomo in 1993, as a material in the production of specialized housing for Integrated Circuits factory of the Sumitomo group burst into flames. Within hours increased, for example, world market prices for DRAMs by almost tenfold, which caused international panic buying and a lasting several months price crisis in the computer and semiconductor industries.

Even today, the Sumitomo group acts according to the rules of the founder, the Masatomo Sumitomo was writing in the 17th century.

Related Companies

Currently, the Sumitomo Group consists of 37 companies and 2007 belonged to the five largest corporate groups worldwide. Sumitomo Electric Industries, for example, 120 subsidiaries in over 30 countries. At Sumitomo Electric Industries for over 150,000 employees (as of January 2009) employs. At Sumitomo Wiring Systems over 120,000 employees. Both companies, however, are interleaved by an exchange of shares in one another (see Keiretsu ), one can not say exactly how many employees the company really have. For example, the Sumitomo Electric wiring systems GmbH is partly owned by Sumitomo Electric Industries, and in part to Sumitomo Wiring Systems.

Sumitomo Electric Shrink Products GmbH ( SESP ) is a subsidiary of SUMITOMO FINE POLYMER INC ( SFP), which owns 100 percent of SUMITOMO ELECTRIC INDUSTRIES LTD. (SEI), headquartered in Japan.

Source of the following list is the website of the " Sumitomo Group Public Affairs Committee " / List of Group Companies

Chemical / Chemical Industry

  • Sumitomo Chemical, Chemistry
  • Sumitomo Electric Shrink Products GmbH
  • Sumitomo Bakelite, chemistry
  • Sumitomo Seika Chemicals
  • Dainippon Sumitomo Pharma

Machinery / Mechanical Engineering

  • Sumitomo Construction Machinery
  • Sumitomo Precision Products

Finance and Insurance / Financial and insurance services

  • Sumitomo Mitsui Banking Corporation
  • The Sumitomo Trust & Banking, Financial Services
  • Sumitomo Life Insurance Company, Insurance
  • Mitsui Sumitomo Insurance, Insurance
  • Sumitomo Mitsui Card
  • Sumitomo Mitsui Finance and Leasing Sumitomo Mitsui Financial Group, Banking Corporation Financial Services
  • SMBC Friend Securities

Steel / steel

  • Sumitomo Metal Industries, steel

Nonferrous Metals / non-ferrous metals

  • Sumitomo Metal Mining, Non-ferrous metals
  • Sumitomo Denki Kōgyō, electronics and electrical products Sumitomo Electric wiring systems, wiring harnesses ( April 1, 2006 through the acquisition of Volkswagen -board networks, which in 1986 by Volkswagen AG ( 50%) and Siemens (50%) was founded. )
  • Sumitomo Electric Hard Metal, carbide, boron nitride, and diamond tools
  • Sumitomo Light Metal, Aluminum

Commerce / Trade

Mining / Mining

  • Sumitomo Coal Mining, Mining

Warehousing and Transportation / Storage and transport

  • The Sumitomo Warehouse

Ceramics / Ceramic Materials

  • Nippon Sheet Glass, Glass
  • Sumitomo Osaka Cement, Cement
  • Nippon Electric Glass

Construction / Construction

  • Sumitomo Mitsui Construction, Construction
  • Sumitomo Forestry, wood
  • Sumitomo Densetsu

Rubber Products / Rubber Products

Electronics / Electronics

  • NEC Corporation, electronics and electrical products

Electric Equipment / Electrics

  • Sumitomo Wiring Systems
  • Nissin Electric
  • Meidensha Corporation

Services / Services

  • The Japan Research Institute
  • Sumisho Computer Systems

Real Estate / Real Estate

  • Sumitomo Realty & Development, Real Estate
Types of business entity Mitsui Sumitomo Insurance Co. Cable harness Natural rubber
754917
de