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Sumitomo Electric 

Market Cap $11.95 B As of May 2014

  • Industry: Auto & Truck Parts
  • Founded: 1911
  • Country: Japan
  • CEO: Masayoshi Matsumoto
  • Website: www.sei.co.jp
  • Employees: 206,323
  • Sales: $25.24 B
  • Headquarters: Osaka
Forbes Lists
#584 Global 2000
  • #371 in Sales
  • #930 in Profit
  • #893 in Assets
  • #927 in Market value
Profile

Sumitomo Electric Industries, Ltd. engages in the manufacture and sale of electrical wires, cables, and other communication wiring products. It operates in the following segments: Automotive; Information and Communications; Electronics; Electric Wire, Cable, and Energy; and Industrial Materials. The Automotive segment includes wiring harnesses, vibration-proof rubber products, automotive hoses, and car electrical equipment. The Information and Communications segment offers optical components, networking equipment, traffic control systems, and information and communications engineering services. The Electronics segment produces components for mobile phones, flat screens, televisions, personal computers, and digital cameras. The Electric Wire, Cable, and Energy segment manufactures cables, railways, trolley wires, and magnet wires. The Industrial Materials segment consists of pre-stressed concrete steel products, steel tire cords, sintered tools, and cutting materials. The company was founded on April 1, 1897 and is headquartered in Osaka, Japan.

“Sumitomo Electric History

1897 to 1950

  • 1897 – Sumitomo Copper Rolling Works was founded
  • 1900 – Started production of coated wires
  • 1908 – Started production of power cables
  • 1909 – Started trial production of telecommunication cables
  • 1911 – Established Sumitomo Electric Wire & Cable Works; Laid first Japan-made high-voltage underground cables
  • 1916 – Opened a new factory (now the Osaka Works); Started production of enamel wires
  • 1920 – Sumitomo Electric Wire & Cable Works incorporated as a limited company
  • 1931 – Started production of cemented carbide tools
  • 1932 – Started production of special steel wires
  • 1939 – Company name changed to the current name, Sumitomo Electric Industries, Ltd.
  • 1941 – Opened the Itami Works
  • 1943 – Started production of vibration-proof rubber products and fuel tanks
  • 1946 – Opened a brand office in Tokyo (now the Tokyo Head Office)
  • 1948 – Started marketing sintered powder metal products
  • 1949 – Entered into the construction business of overhead transmission lines

1951 to 2000

  • 1957 – Delivered the first Japan-made television broadcasting antennas
  • 1961 – Opened the Yokohama Works; Delivered the wiring harnesses for four-wheel vehicles for the first time in its history
  • 1962 – Started production of the Irrax Tube electron beam irradiation tubes; The head office was moved from Osaka’s Konohana Ward to its present location in Chuo Ward
  • 1963 – Started production of disc brakes1964-Started production of electron beam irradiation wires
  • 1968 – Entered into the traffic control systems business
  • 1969 – Established the first overseas production subsidiary in Thailand (SIAM Electric Industries Co., Ltd.); Started development of flexible printed circuits (FPCs)
  • 1970 – Started production of compound semiconductors
  • 1971 – Opened the Kanto Works1974-Started production of optical fiber cables
  • 1975 – Contracted to construct a power transmission line in Iran
  • 1976 – Received an order for a large telecommunications network construction project in Nigeria
  • 1978 – Delivered and put into operation the world’s first bidirectional fiber optics CATV system called “Hi-OVIS”
  • 1981 – Delivered and installed fiber optic LAN systems for the first time in its history
  • 1982 – Succeeded in producing the world’s-largest-class (1.2 carats) synthetic diamonds
  • 1996 – Developed a technology for producing long-length oxide high voltage superconducting wires
  • 1998 – Developed and started marketing ecology wires and cables
  • 1999 – Sumitomo Electric Fine Polymer, Inc. (fine polymer products) started operation

2001 to present

  • 2001 – J-Power Systems Corporation (high-voltage power cables) started operational
  • 2002 – Sumitomo Electric Networks, Inc. (network equipment), Sumitomo (SEI) Steel Wire Corp. (special steel wires) and Sumitomo Electric Wintec,Inc. (magnet wires) started operation
  • 2003 – Sumiden Hitachi Cable Ltd. (wires and cables for buildings and industrial equipment) and Sumitomo Electric Hardmetal Corp. (powder metal and diamond products) started operation
  • 2004 – A.L.M.T. Corp. was made a wholly owned subsidiary
  • 2006 – The HTS cable used in a power transmission grid in the U.S. started supplying electricity
  • 2007 – Sumitomo Wiring Systems, Ltd. was made a wholly owned subsidiary; Nissin Electric Co., Ltd. was made a consolidated subsidiary
  • 2008 – Opened Technical Training Center
  • 2009 – Eudyna Devices Inc. was made a wholly owned subsidiary and changed its trade name to Sumitomo Electric Device Innovations, Inc.
  • 2010 – Opened WinD Lab, a new laboratory building; SEI Optifrontier Co., Ltd. Started lightwave network product business
  • 2011 – Commenced “Demonstration of Megawatt-Class Power Generation/Storage System” at Osaka Works, and at Yokohama Works in 2012
  • 2012 – Obtained the world’s first certification of Thunderbolt, an optical cable which began commercial production; Established joint research on “Commercialization and Construction Technology for Offshore Wind Power Generation Plants Regional Promotion Aqua-Wind Commercialization Study Group.”
  • 2013 – Constructed manufacturing base for automotive aluminum electric wire in Thailand.”

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “Sumitomo Electric Ltd.