Recent News
Virginia Railway Express Awards SCOA and Nippon Sharyo New Contract for 50 Gallery-type Bi-level Passenger Cars
NEW YORK, NEW YORK, February 16, 2012--- On February 15, 2012, Sumitomo Corporation of America in conjunction with its car builder partner Nippon Sharyo, received a contract award from Virginia Railway Express (VRE) for 50 Gallery-type Bi-level Passenger Cars. The base order is to supply 8 cars at a contract price of $21 million and is scheduled to be delivered in 2014.
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Nissan, ABB Link to Evaluate Second-Life Storage Applications for Nissan LEAF Battery Packs
Franklin, Tennessee, January 18, 2012 --Nissan North America Inc., and ABB, the world's leading power and technology group, along with 4R Energy and Sumitomo Corporation of America, have formed a partnership to evaluate the reuse of lithium-ion battery packs that power the Nissan LEAF, the world's first and only all-electric car designed for the mass market.
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Unicharm Corporation and Sumitomo Corporation Finalize Strategic Business Alliance For Joint Venture in U.S. Pet Care Business
NEW YORK, January 5, 2012 -- Sumitomo Corporation, Sumitomo Corporation of America, and Unicharm Corporation closed on December 30, 2011 a joint venture deal that gives Unicharm a significant stake in the common share of The Hartz Mountain Corporation, a wholly owned subsidiary of Sumitomo Corporation. .
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SCOA and Nippon Sharyo, Ltd Expand Share in Diesel Multiple Unit (DMU) Market with New Award Contract to Supply 6 Additional DMU Cars for Metrolinx
NEW YORK, Dec. 20, 2011 -- Sumitomo Corporation of America in conjunction with its car builder partner Nippon Sharyo, entered into an agreement on October 31, 2011 with Metrolinx in Toronto, Canada to execute an option to supply an additional six Diesel Multiple Units (DMUs) to the current contract of 12 DMU vehicles which was finalized on March 31, 2011.
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Nissan, Sumitomo Bring Low-Cost Electric-Car Charger to U.S. Market
Honolulu, Nov. 10, 2011 - Nissan North America Inc. (NNA) today announced that is is bringing an innovative, low-cost DC quick charger for electric cars to the U.S. market. The DC quick charger is being launched as a part of a global collaboration with Sumitomo Corporation, with the first installations planned for early 2012.
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Expansion of Seamless Tubular Products Business in the U.S.
October 7, 2011 - Sumitomo Corporation (Chuo-ko, Tokyo; President and CEO Susumu Kato; herinafter "Sumitomo") hereby announces that it has acquired a 19.47% interest in V&M TWO LLC (President: Pascal Braquehais; hereinafter "V&M2"), a manufacturer of smal-diameter seamless steel pipe based in the U.S. state of Ohio., from Vallourec S.A. (Paris, France; Chairman: Philippe Crouzet; hereinafter "Vallourec")
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Unicharm Corporation and Sumitomo Corporation Announce Strategic Business Alliance for Joint Venture in U.S. Pet Care Business
May 7, 2011 - Sumitomo Corporation, Sumitomo Corporation of America (collectively referred to as “Sumitomo Corporation”) and Unicharm Corporation signed a Letter of Intent for a joint venture that would include acquisition by Unicharm of a significant stake in the common share of The Hartz Mountain Corporation (Hartz), a wholly owned subsidiary of Sumitomo Corporation.
U.S. Market Opportunity:
Currently, the U.S. is the largest market in the world for pet care products, representing approximately $30billion (USD) of worldwide sales. Even with the recent global economic downturn, the U.S. has continued growing at the rate of 4-5% annually, with further growth expected.
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Sumitomo Expands Renewable Energy Portfolio as Joint Owner of World's Largest Wind Farm in Oregon
NEW YORK, NEW YORK, APRIL 18, 2011 --- Sumitomo Corporation of America (SCOA hereunder) in conjunction with Sumitomo Corporation (SC hereunder, parent company of Sumitomo Corporation of America, headquartered in Tokyo) (collectively Sumitomo) has joined GE (NYSE: GE) and developer and managing member Caithness Energy as owners of the world's largest wind farm, the 845-megawatt Shepherds Flat wind project under construction near Arlington, Oregon.
Sumitomo along with Google Inc, and a subsidiary of ITOCHU Corporation are investing approximately $500 million in the $2 billion project. Additional financial details of the transaction were not disclosed.
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Sumitomo Corporation of America and Nippon Sharyo, Ltd Awarded Contract for 18 Diesel Multiple Units (DMU) for Sonoma Marin Area Rail Transit
September 22, 2010, New York, NY – Sumitomo Corporation of America in conjunction with its car builder partner Nippon Sharyo, Ltd. were awarded the contract to supply 160 bi-level electric passenger rail cars to Metra, the Northeast Illinois commuter rail system based in Chicago.
The cars for the contract will be similar to the 26 Gallery-Type bi-level electric railcars that were delivered in year 2005-2006. The cars will accommodate up to 140 passengers per car and replace existing old fleets which have been used by Metra since 1970s. About half of the new cars will be equipped with bathrooms which will ensure a more comfortable ride for passengers.
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Mia’s Concourse D Skytrain Opens To Eager Passengers
September 15, 2010, Miami-Dade County, FL – Now there are planes and trains at Miami International Airport. On September 15, the Concourse D skytrain began to whisk passengers off their feet from one end of the mile-long facility to the other for quick connections to everything from flights and baggage claim to stores, restaurants and passport control.
The skytrain people mover system features stations at four main areas of Concourse D. A ride on the skytrain can take you from: station #1 near Gate D-17 at the easternmost end of Concourse D to station #2 for domestic baggage claim; continue to station #3 for connecting flights at gates D-26 to D-39, passport control for international travelers or exits to Central and South Terminal; or carry you all the way to station #4 for gates D-40 to D-60 and American Eagle flights at the new Regional Commuter Facility – all within five minutes.
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Sumitomo Corporation and Sumitomo Corporation of America Acquire Leading Value Added Cosmetic Chemical Formulator & Distributor Presperse LLC
Investment Accelerates Sumitomo's Presence in Global Cosmetics Market
September 10th, 2010, Somerset, NJ – Sumitomo Corporation (SC) and its wholly-owned subsidiary Sumitomo Corporation of America (SCOA), jointly known as Sumitomo, have entered an agreement to acquire Presperse LLC, a leading value-added global formulator and distributor of specialty ingredients and formulated solutions for the cosmetic and personal care markets. By increasing their overall investment in the company, Sumitomo will expand their presence in the global cosmetics market and expects Presperse LLC to further grow in international markets such as Central and Eastern Europe, Latin America, China and Southeast Asia as well as Japan. Presperse's leadership team will for the most part remain the same, with Greg Torchiana as President and CEO, and Jeanette Black becoming Chairman Emeritus, and Stuart Axelrod assuming the role of Senior Executive Advisor , keeping the commitment to valuable customers and suppliers.
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