Tag: Sumitomo Metal Industries Ltd

Sumitomo Metal Micro Devices Inc. (SM Micro Devices), a fully-owned subsidiary of Sumitomo Metal Industries Ltd (Sumitomo Metals), has agreed with Hokuriku Electric Industry Co. Ltd (Hokuriku Electric) to make a capital and business alliance.

On 18 September Sumitomo Metal Industries Ltd (Sumitomo Metals), Sumitomo Metals (Naoetsu) Ltd (Naoetsu), and Sumitomo Metals (Kokura) Ltd (Kokura) received three awards at the 32nd Technical Development Awards from the Japan Institute of Metals as the Sumitomo Metals Group.

Zirco Products Co. Ltd, a jointly owned company of Sumitomo Metal Industries Ltd and Kobe Special Tube Co. Ltd that manufactures zirconium cladding tube, has agreed with France-based CEZUS, a manufacturer of mother tube for the zirconium cladding tube, on its equity participation in Zirco.

As of 1 July 2009, Sumitomo Metal Industries Ltd (Sumitomo Metals) will dissolve the Engineering Co., one of its in-house companies, as a part of its organizational reform.

Sumitomo Metal Industries Ltd (Sumitomo Metals) and Sumitomo Corp. have signed a three-year contract to supply high-speed railway wheels to Deutsche Bahn AG (DB).

In the spring of 2008 Sumitomo Metal Industries Ltd (Sumitomo Metals) and China Steel Corp. jointly requested to the Government of Vietnam for approval for investment in an advanced steel sheet project (China Steel Sumikin Vietnam Joint Stock Co. [CSVC]).

Sumitomo Metal Industries Ltd (Sumitomo Metals) has agreed to establish a joint venture with Amtek Auto Ltd (Amtek), a manufacturer of automobile parts in India, in order to enter into the Indian market where high growth is anticipated.

On 28 April 2009, Sumitomo Metal Industries Ltd received a Contribution Award of the 41st Ichimura Industrial Prize from the New Technology Development Foundation for its development of steel plate for improving the fatigue strength in welded joints, which was titled "Development and commercial application of new functional steel material with an extended fatigue-life."

According to media reports of 14 April 2009, Sumitomo Metal Industries Ltd has been considering various business opportunities in India and other countries.

Sumitomo Metal Industries Ltd has announced that it has passed a resolution at a meeting of the Board of Directors held on 31 March 2009.