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.
