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Sumitomo Metal Industries

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Japanese steel manufacturer
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Sumitomo Metal Industries, Ltd.
Headquarters inChūō-ku, Osaka
Native name
住友金属工業株式会社
Sumitomo Kinzoku Kōgyō Kabushiki-gaisha
FormerlyShin-Fuso Metal Industries, Ltd. (1949-1952)
Company typePublicKK
TYO: 5405
IndustrySteel
FoundedJuly 1, 1949; 76 years ago (1949-07-01)
DefunctOctober 1, 2012; 13 years ago (2012-10-01)
FateMerged withNippon Steel Corporation [ja]
SuccessorNippon Steel & Sumitomo Metal
HeadquartersKitahama,,

Sumitomo Metal Industries, Ltd. (住友金属工業株式会社,Sumitomo Kinzoku Kōgyō Kabushiki-gaisha) was a steel manufacturer based inOsaka,Japan until it merged withNippon Steel Corporation [ja] in 2012 to formNippon Steel & Sumitomo Metal Corporation, the third largest steel manufacturer in the world as of 2015.[1]

Its origins as a modern company date from 1897, when Sumitomo Copper works was opened in Osaka, and as a steelmaker from 1901, when Sumitomo Steel works began operation.[2]

It was thethird largest integrated steel manufacturer in Japan with three integrated steelworks (Wakayama, Wakayama;Kainan, Wakayama; andKashima, Ibaraki) and several other manufacturing plants and one of the largest manufacturers of Seamless Pipes and Tubes, such as OCTG and Line-pipes used for exploitation of petroleums and LNGs.

Sumitomo Metal Industries was the parent company ofSumitomo Sitix until Sumitomo Sitix was merged withMitsubishi's silicon division to create SUMCO (Sumitomo Mitsubishi). SUMCO is currently the second largestsilicon wafer manufacturer.

On October 1, 2012, Nippon Steel formally merged with Sumitomo Metal Industries; the merged stock is listed (under number 5401, the old Sumitomo Metals number 5405 being discontinued) asNippon Steel & Sumitomo Metal Corp.[3][4]

Kashima Antlers, the famous Japanesefootball (soccer) club, started as the club of Sumitomo Metal Industries. Founded in 1947 inOsaka, it moved to near theKashima, Ibaraki plant in 1975.

See also

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References

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  1. ^"Top steel-producing companies".World Steel Association. Archived fromthe original on July 19, 2016. RetrievedJuly 26, 2016.
  2. ^"History of Sumitomo Metal Industries". Reference for Business. RetrievedMarch 28, 2014.
  3. ^"Nippon Steel & Sumitomo eyes more cost cuts".Reuters.Reuters. 30 September 2012. RetrievedMarch 28, 2014.
  4. ^"Nippon Steel & Sumitomo Metal Corp company profile".Google Finance. RetrievedMarch 28, 2014.

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