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BUSINESS HISTORY: Reinforcement and Expansion of Business

  Tubular products Automobiles Electric power Real estate Crop protection chemicals
1950's

Exploration of U.S. OCTG market

  • 1953 OCTG contract concluded with major oil company

Our first shipment for automobile

  • 1954 Buses manufactured by Hino Motors, Ltd., exported to Myanmar
    (Post-war reparations project)

 

Management of property of Osaka North Harbour Company Limited and Sumitomo family Construction management for Sumitomo companies

Import of crop protection chemicals to Japan

  • 1953 Crop protection chemical business commenced by importing U.S.-made chemicals
1960's

Conclusion of contract for large-diameter line pipes for use in large-scale pipelines

  • 1969 Trans-Alaska pipeline commenced in U.S. state of Alaska

Expansion of export and sales in overseas market of Japanese brand vehicles

  • 1965 Exports of Toyota vehicles to Iraq started
  • 1970 Joint-venture import and sales company for Mazda vehicles established in United States

Commencement of electric power transmission and distribution equipment construction

  • 1962 Construction of electric power transmission equipment started in Venezuela
  • 1965 Construction of electric power transmission and distribution equipment started in Bangladesh

Full-fledged participation in office building business
Full-fledged participation in condominium business

  • 1962 Sumitomo Building completed
    (previous Head Office in Osaka)
  • 1964 Maison Nishinomiya (Hyogo) completed

Start of Japan-made crop protection chemical export

  • 1963 Crop protection chemical transactions commenced
1970's

Expansion of strategy sharing with Japanese tubular product manufacturer

  • 1978 Joint tubular product manufacturer in Saudi Arabia established with Japanese tubular product manufacturer

Development of businesses with overseas automobile manufacturers

  • 1979 Exports started of made-in-Japan Ford vehicles (OEM and complete knockdown) mainly to Asia and Oceania

Expansion of orders in overseas large electric power transmission equipments and power plants

  • 1977 Construction of electric power transmission equipment started in Iran
  • 1978 Construction of Asahan hydraulic power plant in Indonesia

Participation in commercial facility business

  • 1976 Opening of Ichihara Shopping Square (Chiba)

Expansion of commercial rights through merger

  • 1970 Merger with Sogo Boeki Co., Ltd.
    (Acquisition of commercial rights for import to Japan and export to China and Eastern Europe)
1980's

End of period of brisk OCTG sales and change of strategy

  • 1987 Support for establishment of Premier Pipe, LLC

Entry into auto leasing business

  • 1981 Sumisho Auto Leasing Corporation established

First order for construction of high efficiency combinedcycle thermal power plant

  • 1982 Combined-cycle thermal power plant constructed for Republic of Trinidad and Tobago

Expansion of overseas real estate business

  • 1982 600 Third Avenue acquired
    (New York, United States)
  • 1985 Summitmas completed
    (Jakarta, Indonesia)

Brisk export business negotiations in various regions

1990's

Development and deployment of OCTG supply chain management business model

  • 1993 Supply chain management services commenced for independent U.S. oil company

Full-fledged entry into automotive retail finance business

  • 1996 Investment made in Indonesian automotive retail finance company

Participation in independent power producer (IPP) projects

  • 1991 Joint stake of 45% acquired in U.S. geothermal power generation company

Completion of large mixed-use facilities

  • 1997 Queen's Square Yokohama completed

Contraction of traditional trading businesses and start of crop protection chemical import and sales business abroad

  • 1992 Establishment of crop protection chemical import and sales companies started from Eastern Europe and spread out to other areas
2000's

Accelerated expansion into manufacturing and processing industries

  • 2002 U.S. seamless pipe manufacturer acquired, together with French tubular product manufacturer

Full-fledged participation in management of automotive component manufacturing business

  • 2004 Auto components manufacturer KIRIU Corporation acquired

Participation in domestic power market and advancement of large-scale overseas IPP projects

  • 2001 Summit Energy Corporation established and electricity retail and generation operations commenced in conjunction with partial deregulation of domestic electricity market
  • 2006 Units 1 and 2 of Tanjung Jati B Coal-Fired Power Plant in Indonesia completed
  • 2008 Contract for units 3 and 4 of Tanjung Jati B Coal-Fired Power Plant in Indonesia concluded

Completion of current Head Office, entry into fund business and build-to-suit business, and full-fledged initiatives of real estate securitization

  • 2001 Harumi Island Triton Square completed
    (current Head Office in Tokyo)
  • 2006 Retail facility funds and rental housing funds established

Accelerated global development of crop protection chemical import and sales business
(Europe, Middle East, South America, North America, Australia, etc.)

2010's

Advancement into oil field equipment business in peripheral field to OCTG and enhancement of midstream and downstream value chain

  • 2010 OMS Holdings Pte. Ltd. acquired
  • 2010 Howco Group plc converted into subsidiary
  • 2013 Edgen Group Inc. acquired

Enhancement of manufacturing businesses in North American Free Trade Agreement area

  • 2011 Joint-venture automobile production facility in Mexico established with Mazda Motor Corporation

Expansion of renewable energy business initiatives

  • 2012 Participation in one of world's largest mega-solar power generation projects in California, the U.S.
  • 2014 Operation of Dorper wind farm project started in South Africa
  • 2014 Participation in Belgian offshore wind farm projects

Participation in private-placement REIT arrangement and logistics real estate development business

  • 2015 Management of SC Realty Private REIT, Inc. commenced

New business models and multifaceted support businesses

  • 2011 Multifaceted support businesses started in Romania, capital participation in Alcedo S.R.L.
  • 2015 Multifaceted support businesses started in Brazil, capital participation in Agro Amazonia Produtos Agropecuarios Ltda