Sumitomo Heavy Industries, Ltd.

Sumitomo Heavy Industries, Ltd. Overview

Company Headquarters: Tokyo, Japan

Founded: 1888

Workforce: ~21,017

Company Working: Sumitomo Heavy Industries, Ltd is one of the global leaders of manufacturing and selling general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities. It offers equipment such as power transmission, cryogenic tools, waste treatment facilities, pressure vessels, material handling, and mobile cranes. The company operates through six segments, which are machinery components, precision machinery, construction machinery, industrial machinery, ships, and environmental facilities & plants. Industrial gearbox-related products are included under its machinery components segment. This segment also provides power transmission and control equipment including drives, compact gear motors, and motion control drives.

Sumitomo Heavy Industries, Ltd has branch offices in Chubu, Kansai, and Kyusyu. It has three research centers in Yokosuka, Tanashi, and Niihama. The company operates in several regions across the globe including Europe, East Asia, North America, Southeast Asia, Oceania, and Latin America. It primarily competes with Emerson Electric Co., Watt Drive Weg Group, ABB, Schneider Electric, and Bonfiglioli.

Strategy

Sumitomo Heavy Industries, Ltd is focused on research and development across all its product lines and services for industrial gearboxes to improve its market share as a part of its organic growth strategy. For instance, in January 2017, it established a new research and development center for industrial gearbox in Belgium. The company aims to strengthen its domestic and international presence by expanding its revenue sources by focusing on other products such as motor drives, automotive components, large scale cranes, and ports & transport equipment. It strategizes to build a global brand by expanding its product portfolio and international presence.

Company Snapshot

$6,238.2M

Revenue

21,017

Employees

1888

Founded

Tokyo, Japan

Headquarters

SWOT Analysis

Strengths

Increasing investments in research and development
Wide service network

Weaknesses

Dependence on Japan for revenue generation

Opportunities

Technological advancements aimed at providing better gearbox services
Scope for strategic mergers and acquisitions in the global market

Threats

Growing competition from local players

Key Developments

Date	Approach	Development
May 2018	Expansion	Sumitomo Machinery Corporation of America, a subsidiary of Sumitomo Heavy Industries, opened Gearbox Center of Excellence in Virginia, the US to increase its gearbox production capacity.
April 2019	Expansion	Sumitomo Heavy Industries, Ltd opened its assembly facility for small gear motor in Mexico, which will provide a reliable supply of high-quality, and competitive products. It will help it improve its customer relationships in the region
January 2018	Expansion	Sumitomo Heavy Industries, Ltd opened its global research and development center in Edegem, Belgium, which focuses on developing new products and service solutions for industrial gearboxes
August 2016	Product Development	Sumitomo Heavy Industries, Ltd launched a series of Paramax industrial gearbox, which features a reinforced rigid and reliable housing structure, with a highly effective cooling function

Product Offering

Sumitomo Heavy Industries, Ltd.
- Industrial gearboxes

Financial Performance

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