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SCEU-Brochure.Pdf Sumitomo Corporation Celebrating 100 years in 2019 Sumitomo Corporation's Centennial Year In 2019 Sumitomo Corporation will celebrate its centennial year. Looking forward to the next 100 years, we shall continue to aim for stable and continuous growth going forward with society as well as maintain our unceasing challenge for new value creation. Contents A message from our Chief Executive, Mr Yamana 4 About Us 5 Global Network 6 Six Material Issues 7 Our Strengths 8 The History of Sumitomo 9 Organisational Structure 10 Business Unit Overview 11 Tubular Products 12 Rolled Steel & Non-Ferrous Products 14 Automotive & Construction Systems 16 Lease, Ship & Aerospace 18 Mineral Resources & Energy 20 Chemicals & Electronics 22 Food & Lifestyle 24 Infrastructure 26 Business Development 28 Office Locations 30 Subsidiaries, Associated Companies and Investments 31 Corporate Social Responsibility 32 Sumitomo Corporation Europe Limited 3 Welcome to Sumitomo Corporation Europe Limited As the surrounding business environment increases in complexity due to drastic changes brought on by disruptive technologies, and the Fourth Industrial Revolution, we need to evolve our business models by accelerating digital transformation. Takashi Yamana, CEO, Sumitomo Corporation Europe Group Firstly, please let me introduce myself. I am Takashi sophisticated functions and when making investments, Yamana, CEO of Sumitomo Corporation Europe. Before we are not seeking simple financial return. We commit to explaining our activities, let me briefly introduce some creating new values by sharing the risk together. of the history behind Sumitomo Corporation, one of the Sumitomo Corporation will celebrate its centennial in 2019, world’s leading corporate groups of which we are part. whilst in Europe we have been active for more than 60 Sumitomo Corporation began trading in Japan after years. As such, we are committed to a long term perspective World War II through exporting industrial products and with our partner companies. importing natural resources. Since then our business has As the surrounding business environment increases in expanded to include steel goods, automobiles, shipping, complexity due to drastic changes brought on by disruptive aerospace, chemicals, mineral resources and various technologies, and the Fourth Industrial Revolution, we other products. Over the years we have built an extensive need to evolve our business models by accelerating digital global network which we have utilised to expand trade transformation. activities with many other countries outside of Japan. Our company may face the above challenges but I am Extending our business to include both upstream and confident that we can strengthen our organisation through downstream activities of the product supply chain, these rapidly changing times. Our people are integral to Sumitomo Corporation are now also involved in mining, what we do. Our global relationships, crossing various manufacturing and retail, as well as offering various business sectors, are key to our business model. This is due services in finance and logistics in order to supplement to the dedication and drive of our people. Wherever they such diverse businesses. As part of this varied business may be based, their relationships and network can have a structure, Sumitomo Corporation Europe is the main global impact. My aim is to keep extending this strength. operating unit in Europe. Takashi Yamana, CEO, Our highly flexible corporate model enables us to work Sumitomo Corporation Europe Group with our customers and partners to achieve this. We are always looking to provide increasingly diverse and 4 Sumitomo Corporation Europe Limited About Us Sumitomo Corporation Europe is a principal subsidiary These include products in the sectors of tubular, rolled of Sumitomo Corporation, it operates through 13 steel, non-ferrous, automotive & construction, shipping offices, based in 11 countries across Europe. We also & aerospace, mineral resources, chemicals, food, have subsidiaries and affiliates located in the Middle lifestyle and infrastructure projects. East, Africa and in other areas of Europe. We continuously work to expand the diversity of our As an integrated trading company we source a product, range of products and services in order to anticipate material or component and supply it to whoever may our customers’ needs and keep them ahead in their need that resource. business. This means collaboration with a wide range of global We also invest in promising projects and companies partners across a diverse range of businesses. that are aligned with our current businesses. Mission and Philosophy As part of the Sumitomo Corporation Group we follow the The Management Principles are the redefinition of organisation’s Corporate Mission Statement, consisting of Sumitomo’s business philosophy, which has been cultivated the Management Principles and the Activity Guidelines. over its 400 years of business history. The Activity These are the fundamental and ultimate value standards Guidelines stipulate the required behaviour of the Company, of the Company. its officers and employees, and provide the means to realise the Management Principles. Corporate Vision Activity Guidelines We aim to be a global organisation that constantly stays a • To act with honesty and sincerity on the basis of step ahead in dealing with change, creates new value and Sumitomo’s business philosophy and in keeping with contributes broadly to society. the Management Principles • To comply with laws and regulations while maintaining Management Principles the highest ethical standards Corporate Mission • To set high value on transparency and openness To achieve prosperity and realise dreams through social • To attach great importance to protecting the business activities. global environment Management Style • To contribute to society as a good corporate citizen To place prime importance on integrity and sound • To achieve teamwork and integrated corporate strength management with utmost respect for the individual. through active communication Corporate Culture • To set clear objectives and achieve them with enthusiasm To foster a corporate culture full of vitality and conducive to innovation. Sumitomo Corporation Europe Limited 5 Sumitomo Corporation: Global Network As Sumitomo Corporation Europe we utilise not only our own European based network but also that of Sumitomo Corporation. Through offices, subsidiaries and associated companies a global team of more than 63,000 people are based in 65 countries and regions. (As of June 30, 2018) CIS Moscow Vladivostok St. Petersburg Kiev Almaty Astana Tashkent MIDDLE EAST Dubai Bahrain AFRICA Teheran Kuwait Istanbul Riyadh Ankara Jeddah Johannesburg Luanda Abu Dhabi Alkhobar Algiers** Antananarivo Muscat Amman Casablanca** Accra Baghdad Damascus Nairobi Maputo Erbil Cairo Dar es Salaam Doha Tripoli EUROPE London Milan Brussels Oslo Madrid Stavanger Prague Düsseldorf Aberdeen Warsaw Paris Baku* Ashgabat* * Included in the extended SCEU network ** Included in the extended European network Sumitomo Corporation offices (not including subsidiaries and associated companies) 6 Sumitomo Corporation Europe Limited SIX MATERIAL ISSUES TO ACHIEVE SUSTAINABLE GROWTH SISXI XM MATAETREIALRIAL IS ISSUSEUSE STO TO A CHIEACHIEVEV ES USSUTSATINAAINABLEBLE G RGORWOWTHTH WSixITH SMaterialOCIETY Issues WWITIHT HS OCISOCIETEYTY strastteragiteegis easnd and in inthe the de decisicision-on-mamakinkgin pgr opcreoscse sfos rf oinr dinivdidivualidual bu businesinessesss.e Gois. Goingng for fworawrd,ar d,w ew wie lwil pull pursuersue su ssutaisntaiablenable gr ogwrothw thby by strastteragiteegis easnd and in inthe the de decisicision-on-mamakinkgin pgr opcreoscse sfos rf oinr dinivdidivualidual bu businesinessesss.e Gois. Goingng for fworawrd,ar d,w ew wie lwil pull pursuersue su ssutaisntaiablenable gr ogwrothw thby by resrolvesolvingin theg these sises ueisssue ths rthouroughg ouh our bur businsinesse sasc tiavictitivietsi.e As.t Athet the sa msaem teim time, we,e w wei lwl adill vadanvcane cthee the dial doialgueogue with with ou our stra stkeholakeholdedrse tros to resrolvesolvingin theg these sises ueisssue ths rthouroughg ouh our bur businsinesse sasc tiavictitivietsi.e As.t Athet the sa msaem teim time, we,e w wei lwl adill vadanvcane cthee the dial doialgueogue with with ou our stra stkeholakeholdedrse tros to maminataininta anin anin- indepth-depth unde understarsntadnindgin ogf soof cisoetciyet’s ye’sxpe expectacttionations fosr f ours uasnd and of ouof our strr estngrengthsth. s. maminataininta anin anin- indepth-depth unde understarsntadnindgin ogf soof cisoetciyet’s ye’sxpe expectacttionations fosr f ours uasnd and of ouof our strr estngrengthsth. s. Six Material Issues to Achieve Sustainable Growth with Society We have defined the Six Material Issues to Achieve Sustainable Growth with Society as an importantS IfactorX MAT EinRIAL developing ISSUES TO business ACHIEVE strategiesSUSTAINAB andLE G inRO theWT Hdecision-making process for individualW businesses.ITH SOCIETY Going forward, we will pursue sustainable growth by resolving these issues through our business activities. At the same time, we will advance the dialogue with our stakeholdersstrategies and to in themaintain decision-ma anking in-depthprocess for ind understandingividual businesses. Going of for society’sward, we will puexpectationsrsue sustainable gro forwth busy and resolving these issues through our business activities. At the same time, we will advance the dialogue
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