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Sumitomo Metal Industries, Ltd. (住友金属工業株式会社, Sumitomo Kinzoku Kōgyō Kabushiki-gaisha) was a steel manufacturer based in Osaka, Japan until it merged with Nippon Steel in 2012 to form Nippon Steel & Sumitomo Metal Corporation, the third largest steel manufacturer in the world as of 2015. [1]
In 1944, the company merged with Sumitomo Building Co., Ltd. (established August 1923; capital stock 6.5 million yen) to form Sumitomo Building and Real Estate Co., Ltd. [8] Sumitomo was integral to Imperial Japan's war machine during World War II , but the war destroyed most of Sumitomo's industrial infrastructure within Japan.
Sumitomo Metal Mining Co., Ltd.* Non-ferrous metal: Sumitomo Mitsui Financial Group* Finance: Sumitomo Mitsui Construction: Construction: Sumitomo Mitsui Trust Holdings* Finance Sumitomo Osaka Cement* Cement: Sumitomo Precision Products: Precision machinery Sumitomo Realty & Development* Real estate: Sumitomo Riko
Japan's Sumitomo Metal Mining said on Monday it will invest 16.9 million Canadian dollars ($12.5 million) in Canada's battery material company Nano One Materials to collaborate on manufacturing ...
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Sumitomo Mitsui (SMFG) have what it takes? Let's find out.
The stock market is not the economy—just look at what’s happening in Japan. Japan’s equity markets broke a record on Thursday, when the Nikkei 225 closed at 39,098.68.
On October 1, 2012, Nippon Steel formally merged with Sumitomo Metal Industries at a ratio of 0.735 Nippon Steel shares per Sumitomo Metal share. [17] The merged stock is listed (under number 5401, the old Nippon Steel number) as Nippon Steel & Sumitomo Metal Corp. [18] [19] The logistics branches of both companies are announced to be merged on ...
On May 20, 2021, Sumitomo Heavy Industries revealed that design drawings for sample parts used in test machine guns for the Japan Ground Self-Defense Force had been leaked to China. The Ministry of Economy, Trade and Industry issued a severe warning to the company and its subcontractor for violating the Foreign Exchange and Foreign Trade Act.