BNET Industries
Last Fiscal Year Sales:$4.8B
- Public
- US
Dow Jones Description
Sumitomo is heavy industry. Founded in 1949 and based in Tokyo, Japan, Sumitomo Heavy Industries (Tokyo: 6302) produces and markets a broad range of industrial machinery. Its customer base includes the automotive, chemical, construction, materials-handling, medical, timber, and utility industries. The company's products include pumps, steam turbines, energy plants, iron and steel manufacturing machinery, cryogenics, environmental systems, water treatment plants, air pollution-control facilities, laser systems, plasma coating systems, ships, bridges, steel structures, tunneling machines, medical instruments, power transmission and control products, plastics machinery and logistics systems. The company had 2004 revenue of about $5 billion and employs 11,300 people. It conducts business throughout Asia, the US and Europe. In May 2006 the company commenced production of power transmission motors in Hanoi, Vietnam.
Number of Employees 11,319
Contact Information
ThinkPark Tower 1-1 Osaki 2-chome
Tokyo
(81) 3 6737 2331
Peer Companies
NAICS Code Unlaminated Plastics Profile Shape Manufacturing: 326121
Recent Events
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Nikkei edges down as exporters weigh, Nissan up
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News & Analysis
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sumitomo heavy industries ltd. - All News and Analysis
Sumitomo Heavy Industries, Ltd. Issues Statement Regarding Axcelis Rejection of Compelling Proposal
- 2008-02-25
TOKYO -- Sumitomo Heavy Industries, Ltd. (TSE: 6302) ("SHI"), today issued the following statement in response to the announcement by Axcelis Technologies, Inc. (Nasdaq: ACLS) ("Axcelis") that the Axcelis Board of Directors has rejected SHI's proposal to acquire Axcelis for $5.20 per share in cash, a premium of 28.7% to...
Sumitomo Heavy Industries, Ltd. Proposes to Acquire Axcelis Technologies, Inc. for $5.20 Per Share
- 2008-02-11
All-Cash Proposal Provides Premium of 28.7% and Values Axcelis at $544 million Axcelis Board Has Refused to Engage in Meaningful Discussions with SHI about Possible Combination TOKYO -- Sumitomo Heavy Industries, Ltd. (TSE: 6302) ("SHI"), today announced that on February 4, 2008, together with TPG, a minority partner...
Metso/Sumitomo form joint venture
- 2003-07-01
Helsinki, Finland -- Metso Paper, Inc., Metso Automation, Inc. and Sumitomo Heavy Industries, Ltd. SHI are forming a joint venture company to enhance the product offering and service to the Japanese pulp and paper industry. Metso will own 65 percent and SHI 35 percent of the joint venture company, which...
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