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Home > Company Index > Metals & Mining > Steel Production > Sumitomo Metal Industries, Ltd.
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Sumitomo Metal Industries, Ltd. |
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PROFILE |
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When it comes to pipe, Sumitomo Metal Industries (SMI) has a seamless operation. The company rates as Japan's #1 seamless pipe producer; it also makes other steel products such as steel sheet. To tap into the growing information revolution, SMI manufactures silicon wafers, as well. Its other businesses include engineering services. Faced with losses in its steel operations, SMI has announced its intention to stop producing stainless steel in 2001. Instead, the company will purchase stainless steel from Nippon Steel. Low sales have forced SMI to initiate an all-out restructuring that included the liquidation of Read-Rite SMI Corp., its magnetic head production joint venture with Read-Rite Corp.
COMPETITION |
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Kawasaki Steel Corporation (KSKSY)
NKK CORPORATION (NKKCY)
Nippon Steel Corporation (5401)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
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FINANCIAL OVERVIEW |
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Fiscal Year-End: March
2000 Sales (mil.): 13,497.70
1-Yr. Sales Growth: 19.4%
Employees: 15,295
Revenue per employee: $882,491.01
KEY PEOPLE |
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Hiroshi Shimozuma
CEO
CONTACT INFO |
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5-33 Kitahama 4-chome, Chuo-ku
Osaka 541-0041, Japan
Phone: 81-6-6220-5111
Fax: 81-6-6223-0305
Online: Web Site
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Copyright © 2001, Hoover's Inc. Austin, Texas.
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