Tag: Kashima Steelworks
Sumitomo reveals estimated loss
Sumitomo Metal Industries, Ltd. (Sumitomo Metals) has revealed its estimate of the loss caused by the earthquake that hit eastern Japan on 11 March 2011. The impact on ordinary income was mainly caused by a decrease in sales as a result of production disruption in Kashima Steelworks. Sumitomo Metals’ consolidated ordinary income is estimated to be reduced by JPY 2 billion for the fiscal year ended 2011 March 31.
Kashima Steelworks damaged in Japan quake
The Sumitomo Metals Group’s steelworks and manufacturing facilities are all operating normally with the exception of Kashima Steelworks, where the entire production lines have been suspended.