Feb. 14, 2019
Sumitomo Corporation named “Wells Equipment Supplier of the Year” Shell
Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Masayuki Hyodo), together with Nippon Steel & Sumitomo Metal Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director and President: Kosei Shindo; hereinafter, “NSSMC”), were jointly presented a “Wells Equipment Supplier of the Year” award by Shell Group (hereinafter, “Shell”) on January 29, 2019.
Wells Equipment Supplier of the Year is one of the annual awards Shell gives to suppliers, and it is presented to suppliers who have made significant contributions to Shell’s petroleum/gas drilling business. This year’s award recognized the outstanding tubular product supply and product development capabilities of Sumitomo Corporation and NSSMC in the petroleum/gas sector as well as Sumitomo Corporation’s distinctive supply chain management capabilities, its ability to provide services to meet needs worldwide, and its active efforts in digitalization.
Sumitomo Corporation, NSSMC, and Shell have maintained relationships regarding oil country tubular goods (OCTG) for more than 40 years. Sumitomo Corporation, alongside NSSMC, has supported Shell’s business activities by proposing total solutions in ensuring reliable supply of high-performance OCTG, enhancing delivery services via more sophisticated supply chain management, and addressing localization needs in countries around the world. Sumitomo Corporation will continue to exercise its ability to present high value-added proposals and contribute to increasingly globalized petroleum/gas development.
■Sumitomo Corporation’s Material Issues
Sumitomo Corporation Group positions “Six Material Issues to Achieve Sustainable Growth with Society” as an important factor in developing business strategies and in the decision-making process for individual businesses. Going forward, we will pursue sustainable growth by resolving these issues through our business activities. This project especially contributes to “Contributing to the Development of Local Communities and Industries”.