News Archives 

Duke Energy and Sumitomo to Jointly Own Kansas Wind Farms

CHARLOTTE, N.C., March 27, 2012 – Sumitomo Corp. of America (SCOA), part of Tokyo-based Sumitomo Corp., will become a 50-50 equity partner in two large-scale wind farms Duke Energy Renewables is building in Kansas, the companies announced today.

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The Sonoma Marin Area Rail Transit (SMART) District held a ceremonial groundbreaking in Petaluma, CA, on February 24, 2012. SCOA and partner Nippon Sharyo were proud participants.

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SCOA Real Estate Unit Puts New Brochure Online

Sumitomo Corporation of America's Real Estate Unit recently launched its new marketing brochure online, making it easy for prospective customers to see the group's property holdings both past and present.

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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Sumitomo to Enter into Wind Energy Business in Texas

New York, NY, July 28, 2009 – 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" or "the Company") is entering the U.S. wind energy business with the purchase of an interest in a 120MW wind farm in Martin County, Texas.

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Sumitomo - Mitsubishi Team Awarded Contract for Second Automated People Mover System at Miami International Airport

MIAMI, FLORIDA, October 2, 2008 – The Miami-Dade County Board of Commissioners awarded Parsons Odebrecht Joint Venture (POJV) a contract to build a 1.27- mile Automated People Mover (APM) system to run between Miami International Airport (MIA) and the Miami Intermodal Center (MIC), an off-airport multi-modal transportation center.

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Sumitomo Corporation of America and Nippon Sharyo, Ltd Awarded Contract for 10 Gallery Type Bi-level Passenger Cars for Virginia Railway Express

NEW YORK, NY, October 1, 2008 – Sumitomo Corporation of America in conjunction with its car builder partner Nippon Sharyo, Ltd. was awarded on August 27, 2008 the contract to supply 10 Gallery Type bi-level passenger rail cars to Virginia Railway Express (VRE). This contract is in addition to contract to supply 61 cars.

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Sumitomo Corporation of America named exclusive distribution and sales agent for Chiral Quest

NEW YORK, NY, April 14, 2008 -- Sumitomo Corporation of America (SCOA) has reached an agreement with Chiral Quest, Inc., a manufacturer and developer of chiral products using proprietary chiral technologies, for the distribution and sale of chiral products to the pharmaceutical industry.

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See more [ chiralquest.com ]

Alaskan Machine Shop Obtains Dual Certifications for Quality

ANCHORAGE, AK, June 12, 2007 – Unique Machine, the largest machine shop operator in Alaska, has become the first Alaskan company to be both API Q1 and ISO 9002 certified for the manufacture of oilfield equipment and the proprietary threading of casing and tubing.

Both certificates were obtained by Unique Machine following extensive reviews by a committee of the American Petroleum Institute Quality Registrar (APIQR), the certifying body.

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See more [ www.umalaska.com ]

Sumitomo Corporation Acquires Equity Stake in HOWCO Group

Tokyo, Japan -- April, 2007 -- Sumitomo Corporation (“Sumitomo”; President: Motoyuki Oka) executed a strategic partnership agreement with HOWCO Group (Chairman: Malcolm Howat; President: John Ferguson) and acquired a 50% equity stake.

HOWCO Group is a global supplier to the Oilfield Services Sector focusing on supply chain management activities which include tubular and bar distribution, added-value processing and manufacturing.

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See more [ howcogroup.com ]

Northern Indiana Commuter Transportation District Awards Contract for New Gallery EMU Commuter Rail Cars to Sumitomo Corporation of America and Nippon Sharyo, Ltd

New York, NY -- March 16, 2007 -- Sumitomo Corporation of America (SCOA) and its car builder partner Nippon Sharyo, Ltd, together with Nippon Sharyo’s affiliate in the US, Nippon Sharyo USA, received a Notice of Award from Northern Indiana Commuter Transportation District (NICTD) in February for the contract of 14 New Gallery Type Electric Multi-Unit (EMU) commuter rail cars.

The cars for the contract will be similar to the 26 Gallery Type EMU cars that were delivered in 2005-2006 to Metra, Chicago’s commuter rail authority. Due to the expanding NICTD system and increased ridership, these Gallery Type cars will have a much larger capacity for seating, accommodating up to 140 passengers per car. These cars will replace the older and smaller capacity single-level passenger cars that are currently in the NICTD fleet.

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See more [ NICTD.com ]

William Ecker Named New President of The Hartz Mountain Corporation®

Secaucus, N.J. -- April 3, 2006 -- The Hartz Mountain Corporation®, has selected William D. Ecker as its new President and Chief Executive Officer. Mr. Ecker succeeds Robert Devine who is leaving the company to pursue other interests

Before joining Hartz©, Mr. Ecker was chairman of Diam International, the largest designer and manufacturer of retail displays in the nation. A seasoned consumer products executive, Mr Ecker has held senior positions at General Foods, Unilever and Bristol-Myers Squibb where he was president of Clairol's US retail operations prior to joining Diam.

The Hartz Mountain Corporation® is owned by Sumitomo Corporation of America (SCOA), together with its parent, Sumitomo Corporation, Japan (SC).

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See more [ Hartz.com ]

Sumitomo Corporation of America Announces Agreement to Acquire TBC Corporation

York, NY / West Palm Beach, FL - September 19, 2005 – Sumitomo Corporation of America (SCOA), together with its parent, Sumitomo Corporation, Japan (TSE: 8053) an integrated global trading company, and TBC Corporation (NASDAQ: TBCC), one of the leading marketers of automotive replacement tires in the U.S., today announced that SCOA has entered into a definitive agreement to acquire TBC for $35.00 per share in cash, for a total transaction value of $1.1 billion including debt.

The transaction, which is subject to approval by the shareholders of the TBC Corp., as well as regulatory approval under the Hart-Scott-Rodino Act, is expected to close by the end of the year. Upon completion of the transaction, TBC will become a subsidiary of SCOA and will continue to be led by the existing senior management team.

Read [ Announcement Press Release ] [ Closing Press Release ]
See more [ TBC Corporation ] [ Treadways Corporation ]

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