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Sumitomo Heavy Industries, Ltd.
住友重機械工業
Type Public TYO: 6302
Founded November 20, 1888
Headquarters Tokyo, Japan
Area served Global
Revenue (turnover) increase ¥308,711 million (as of March 31, 2008)
Employees 14,408 (Consolidated)
2,848 (Non consolidated) (as of March 31, 2008)
Website Sumitomo Heavy Industries

Sumitomo Heavy Industries, Ltd. (SHI) is an integrated manufacturer of industrial machinery, automatic weaponry, ships, bridges and steel structure, equipment for environmental protection, including recycling, power transmission equipment, plastic molding machines, laser processing systems, particle accelerators, material handling systems, etc.

HistoryEdit

In 1888, a company was formed to provide equipment repair services to the Besshi copper mine. Almost 50 years later, in 1934, the company incorporated as Sumitomo Machinery Co., Ltd. to manufacture machinery for the steel and transportation industries in support of that period of rapid economic growth.

In 1969, Sumitomo Machinery Co., Ltd. merged with Uraga Heavy Industries Co., Ltd. to create Sumitomo Heavy Industries, Ltd. The company continues to innovate and expand to meet the demands of the new market frontiers. Today, Sumitomo Heavy Industries manufactures injection molding machines, laser systems, semiconductor machinery and liquid crystal production machinery.

In 1979, the company famously built the Seawise Giant, a ULCC supertanker and the longest ship ever built (But not the heaviest by gross tonnage).

In the 1980s they had a JV/licensing deal with JCB were JCB built Sumitomo designed excavators in the UK & marketed them in Europe. This benefited both parties as JCB got a modern design and Sumitomo avoided anti dumping duties (import taxes) which were being imposed on Japanese manufactures selling in Europe. Other Japanese manufacturers formed joint ventures with other brands. This was later repeated with the Korean and other far eastern makers.

Sumitomo owns the USA based crane manufacturer Link-Belt Construction Equipment Company.

Product divisions & subsidiary business Edit

  • Construction machinery
    • Excavators
    • Crawler cranes
  • Injection molding machinery
  • Industrial and shipyard cranes
  • Shipbuilding
  • Semi conductors & electronics
  • etc.

Notable productsEdit

See alsoEdit

References / sourcesEdit

External linksEdit

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