Sumitomo Electric
 |
|
| Public | |
| Traded as | : : : 5802 |
| Industry | Non-ferrous metal |
| Founded | 1897 |
| Headquarters | Osaka, Japan |
|
Area served
|
Worldwide |
|
Key people
|
Masayoshi Matsumoto (CEO) |
| Products | Automotive, Infocommunications, Electronics, Environment and Energy, Industrial Materials & Others |
| Revenue |
 ￥2,159,942 million (2013, consolidated) |
|
Number of employees
|
206,323 (2013) |
| Website | http://global-sei.com |
Sumitomo Electric Industries, Ltd. (SEI) (住友電気工業株式会社 Sumitomo Denki Kōgyō) is a manufacturer of electric wire and optical fiber cables. Its headquarters are in Chūō-ku, Osaka, Japan. The company's shares are listed in the first section of the , , and the . In the period ending March 2013, the company reported consolidated sales of US$23 billion (2,159,942 million Japanese yen).
The company was founded in 1897 to produce copper wire for electrical uses. Sumitomo operates in five business fields: Automotive, Information & Communications, Electronics, Environment & Energy, and Industrial materials and is developing in two others: Life Sciences and Materials & Resources. It has more than 350 subsidiaries and over 200,000 employees in more than 30 countries.
Sumitomo Electric has traditionally had an intensive focus on R&D to develop new products. Its technologies have been used in major projects including traffic control in Thailand, improvement of telecom networks in Nigeria, membrane technology for waste water treatment in Korea, and bridge construction in Germany.
Sumitomo Electric's electrical wiring harness systems, which are used to send information and energy to automobiles, hold the second largest market share in the world. Sumitomo Electric also continues to be the leading manufacturer of composite semiconductors (GaAs, GaN, InP), which are widely used in semiconductor lasers, LEDs, and mobile telecommunications devices. The company is one of the top three manufacturers in the world of optical fiber.
Sumitomo Electric and its global subsidiaries and affiliates undertake product development, manufacturing and marketing, as well as service provision in the five business divisions: “Automotive,” “Infocommunications,” “Electronics,” “Environment and Energy,” and “Industrial Materials & Others.”
The automotive segment accounts for 50% of Sumitomo Electric's annual sales. With the aim of realizing an automotive society characterized by safety, comfort, and environmental responsibility, Sumitomo Electric supplies the global market with a broad range of products, including wiring harnesses for in-vehicle data and energy transmission, and anti-vibration rubber.
The automotive wiring harness business commenced in 1949 with supplies to the Occupation Forces for their jeeps. In 1961, for the first time, the company supplied wiring harnesses for four-wheel-drive vehicles. At present, Sumitomo Electric promotes the automotive wiring harness business in a tripartite system, in which Sumitomo Electric takes charge of sales and business planning, Sumitomo Wiring Systems handles design and manufacturing, and AutoNetworks Technologies conduct research and development. As a result, Sumitomo Electric's electrical wiring harness systems, which are used to send information and energy to automobiles, have garnered the second largest market share in the world.
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Wikipedia