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Panos Kotseras

Japan - Ongoing disruptions due to the earthquake - 0 views

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    Sumitomo Electric Industries (SEI) announced that it will build automotive wiring harness plants in Cambodia and the Philippines to reduce the risks of production concentration in China. SEI said that a labour shortage and wage hikes are occurring in China. It was also reported that Brazil is important to SEI because it is "friendly to Japan and rich in natural resources." The company aims to increase the proportion of overseas sales to 50% in FY2011, up from 40% in FY2009. With a view to expanding overseas operations Sumitomo will promote competent employees to executive posts regardless of nationality.
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    It was reported that the copper industry faces ongoing disruptions due to the devastating earthquake in Japan. Mitsui Mining & Smelting said that there are still plant suspensions at several sites in Saitama, Fukushima and Aomori Prefectures. Electrolytic copper foil production in Ageo, Saitama, has been suspended since 11th March. In addition, Sumitomo Electric Industries (SEI) said that Daikoku Electric Wire's sites in Tochigi and Iwate Prefectures continue to be impacted. Daikoku Electric is a subsidiary of SEI and engages in the production of magnet wire.
Panos Kotseras

Japan - SEI eyes leverage to achieve its strategic plan - 0 views

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    According to an interview that Masayoshi Matsumoto, president and CEO of Sumitomo Electric Industries, gave to Japan Metal Bulletin, the company eyes leverage measures to achieve its 5-year management plan ending in March 2013. SEI aims to achieve consolidated net revenues of 3 trillion yen and operating profits of 210 billion yen in FY ending in March 2013. It was reported that the company may not achieve the above targets solely by organic growth. Business leverage in electric power and energy fields is a possibility. SEI realised consolidated net sales of 1.84 trillion yen and operating profits of 51.7 billion yen in FY ended March 2010.
Panos Kotseras

Japan - SEI plans to build automotive connector plants in China and Vietnam - 0 views

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    Sumitomo Electric Industries (SEI) plans to construct automotive connector factories in China and Vietnam. It was reported that SEI will spend 1.9 billion yen to build a factory in Jiangsu province, China, by June 2012. The establishment will employ 360 and will be the third automotive connector production site in China, along with the plants in Tianjin and Huizhou. In addition, SEI will construct a plant in Vietnam at a cost of 1.7 billion yen. The facility will employ 430 and is anticipated to be operational in October 2011. SEI's wiring harness unit Sumitomo Wiring Systems will construct the two plants, raising the group's total connector output by 25% to 500 million units per month. The company expects that demand for connectors will grow by 5% annually, supported by robust automotive sales in emerging markets and elsewhere.
Panos Kotseras

Egypt - SEI halts auto wiring harness operations due to turmoil - 0 views

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    A number of Japanese companies have halted operations in Egypt due to the recent turmoil. It was reported that Sumitomo Electric Industries (SEI) decided to temporarily close its automotive wiring harness plant in Egypt. The plant employs around 700, 19 of which are Japanese and expected to be evacuated to Europe. Other major Japanese companies the operations of which have been affected include Nissan Motor, Suzuki Motor, Mitsubishi Corp and Mitsui & Co.
William Pratt

SEI to Supply Aluminium Wiring Harness to Toyota - 0 views

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    Sumitomo Electric Industries, the Japan based wire and cable manufacturer, has announced plans to provide its newly-developed aluminium wire harnesses to Toyota, for use in the Yaris subcompact, from 2011. Although the new product in 20-25% larger than a conventional copper wire harness, it weighs roughly 40% less because aluminium is lighter, thus improving vehicle efficiency of vehicles. With the price of aluminium presently very low relative to copper, the new aluminium wire harness should also reduce costs.
Colin Bennett

SWS to Start Al Wiring Harness Production in Autumn 2010 - 0 views

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    Sumitomo Wiring Systems (SWS), a subsidiary of Sumitomo Electric Industries (SEI) to manufacture automotive wiring harnesses and components, will start commercial production of aluminium-conductor wiring harness at Suzuka plant, Mie, Japan in autumn 2010 to supply Japanese major automaker. SWS changed layout of Suzuka plant partially and introduced productive facilities specialized to aluminium wiring harness in June. In future, SWS aims to increase aluminium wiring harness ratio to 20-30% of the total wiring harness production.
Colin Bennett

Top 100 Wire & Cable Producers by Revenue - 1 views

  • So, who are the Top 10 Wire & Cable Producers? Below is a list of the Top 10 producers, for an understanding of how their positions have changed over 2012-2013, plus additional extracts from the Database, read our FREE preview chapter here >> Prysmian - see just how far ahead they are … Nexans - could they be No. 1 next year? … SEI – a solid performance compared to their disappointing 2010 revenues … General Cable - will a weak Europe hit sales next year? … Southwire - 11% growth in 2013 is impressive, but will growth continue … LS Cable & Systems - off the boil compared to a bouyant 2008 … Furukawa Electric - slightly down year on year, but not out of the running for 6th spot … Fujikura - fluctuating figures year on year make this one to watch closely … Hitachi - right on the heels of Fujikura and now part of a larger group … Leoni - just made it to the Top 10, but Xignux is very close by …
Piotr Ortonowski

Japan - Sumitomo Electric to increase wire harness production - 1 views

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    Sumitomo Electric Industries Ltd (SEI) said it plans to increase the production of wire harnesses for automobiles by around 10% in the fiscal year ending March 2013. The company said this is to keep pace with the growing demand from emerging countries. In order to make this possible the company is investing an extra JPY16.5B (US$201M) to reach a record JPY77B (US$979M) for the year to add extra facilities and assembly lines at the company's existing plants located worldwide.
Colin Bennett

Valuing the Ocean: Preview Summary - 0 views

  • This book hopes to guide policy-makers, accelerate the implementation of new management tools and systems, and – most importantly – encourage people to ask themselves what the oceans are really worth to them and to the future of our planet.
Susanna Keung

Japan - 5 major electric wire makers posted losses for FY2008 - 0 views

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    Five of the major Japanese electric wire makers, (Furukawa Electric, Hitachi Cable, Fujikura, SWCC Showa Holdings, Mitsubishi Cable Industries Ltd.) have all posted consolidated recurring losses in their business results for FY2008 ended March 2009. All except Sumitomo Electric Industries, which reported lower sales, posted losses due to the dramatic fall in copper price during H2 2008 as well as the downturn in the automotive industry. Their copper inventory valuation losses have reduced their profits significantly. Sluggish demand is reported across a range of automobile related products including copper strip for connectors, winding wire and wiring harness.
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