Sumitomo Group

Sumitomo Group

is one of the largest "keiretsus", founded by Masatomo Sumitomo.

History

Masatomo Sumitomo began the company as a store selling medicine and books in 1630.

Masatomo Sumitomo's brother in law, Riemon Soga, who ran a copper smelting and smithing business at the time, soon developed a new smelting technique called Nanban-buki which extracted silver from raw copper. Tomomochi Sumitomo, the eldest son of Riemon Soga disclosed this technique to other copper smelters and made a name for the Sumitomo family as the origin of the Nanban-buki technique. This gave Sumitomo the ability to rise to the top in the copper mining and refinery industry until the late 1800s when the company began to enter other industries such as banking, warehousing, electric cable production and more.

Today, the Sumitomo Group is still run according to the "Founder's Precepts" as written by Masatomo Sumitomo in the seventeenth century.

umitomo companies

*Sumitomo Chemical Co., Ltd., Chemicals
*Sumitomo Heavy Industries, Ltd., Machinery, weaponry, and shipbuilding
*Sumitomo Mitsui Banking Corporation, Finance
*Sumitomo Metal Industries, Ltd., Steel
*Sumitomo Metal Mining Co., Ltd., Non-ferrous metals
*Sumitomo Corporation, Integrated trading company
*Sumitomo Corporation of America
*The Sumitomo Trust & Banking Co., Ltd., Finance
*Sumitomo Life Insurance Co., Insurance
*Sumitomo Coal Mining Co., Ltd., Mining
*The Sumitomo Warehouse Co., Ltd., Warehousing
*Sumitomo Electric Industries, Ltd., Electronics and electric products
*Mitsui Sumitomo Insurance Co., Ltd., Insurance
*Nippon Sheet Glass Co., Ltd., Glass
*NEC, Electronics and electric products
*Sumitomo Realty & Development Co., Ltd., Real estate
*Sumitomo Osaka Cement Co., Ltd., Cement
*Sumitomo Light Metal Industries, Ltd., Nonferrous metals
*Sumitomo Mitsui Construction Co., Ltd., Construction
*Sumitomo Bakelite Co., Ltd., Chemicals
*Sumitomo Forestry Co., Ltd., Lumber and housing
*Sumitomo Rubber Industries, Ltd., Tires and rubber

External links

*en icon [http://www.sumitomo.gr.jp/english/ Sumitomo Group Public Affairs Committee]


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