Sumitomo Electric Industries : Annual Meeting with Important Business Partners
July 04, 2022 at 09:13 pm EDT
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Thank you very much to all the participants. It was very nice to have an opportunity to directly express our gratitude not only to the two award-winning companies but also other partners that participated in this meeting online. It is my hope that next year will be definitely the year all our partners will visit to participate so that we can talk face-to-face.
In the Sumitomo Electric Group 2030 Vision, we set forth our purpose: Based on the spirit of "contributing to the public benefit through business while striving to ensure mutual prosperity with our stakeholders," we will contribute to building a better society by pursuing Top Technology and innovation on a global scale, using the integrated capabilities of Sumitomo Electric Group." In pursuing this purpose, the presence of our partners is indispensable. We are constantly asking them to understand the needs and problems of customers with the use of their wide network. As a business partner, we would like to continue working with them.
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Sumitomo Electric Industries Ltd. published this content on 05 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2022 01:12:04 UTC.
Sumitomo Electric Industries, Ltd. is one of the world's leaders of electric wires and cables, and fiber optic manufacturing. Net sales (including intragroup) break down by sectors of activity as follows:
- automotive (54.8%): cable beams, rubber anti-vibration products, etc.;
- energy and environment (21.1%): copper electric wires, electric cables, magnet wires, power cables, etc.;
- electronic (7.8%): electronic wires, semiconductors components, electronic components, printed circuit boards, etc.;
- information and communication (7.5%): fiber optic cables, optic components, network cabling systems, etc.;
- others (8.8%): primarily steel special wires.
Net sales break down geographically as follows: Japan (42.7%), China (19.7%), Asia (10.7%), the United States (11.8%), the Americas (4.2%) and other (10.9%).