Sumitomo Elec. Ind : Sumitomo Electric Establishes Manufacturing Base for Copper Wire Rods, Drawn Wires and Aluminum Bars in Rayong, Thailand
January 30, 2012 at 07:57 am
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Sumitomo Electric Industries, Ltd.
Sumitomo Electric Industries, Ltd. announces today that it
will open a new subsidiary in Rayong Province, Thailand. The
new subsidiary, provisionally named SEI Thai Electric
Conductor Co., Ltd. (hereinafter STEC), will engage in the
manufacturing and sales of copper wire rods, drawn wires and
aluminum bars.
Copper wire rods and drawn wires are the materials of
conductors from which various electric wire and cable
products, including automotive wiring harnesses, magnet
wires, power cables and electronic wires, are produced.
Currently, the Sumitomo Electric Group manufactures these
materials in its Osaka Works in Japan and P. T. Karya Sumiden
Indonesia, to supply customers in Japan, China and South East
Asian countries.
In the face of the recent increase in demand mainly from its
group companies in China and South East Asian countries, as
well as the necessity of diversifying supply sources, the
Sumitomo Electric Group has decided to establish a new
manufacturing base of these products in Rayong Province,
Thailand. STEC will become the largest manufacturing plant
for copper wire rods and drawn wires in the South East Asian
region. With the enhanced manufacturing capability, the
Sumitomo Electric Group will continue to respond to
increasing demand from the group companies around the world,
and also aggressively market these products to the customers
outside of the Group.
The new subsidiary will also take part in aluminum bar
production that is currently being conducted exclusively by
Sumitomo Electric Toyama Co., Ltd. in Japan. Aluminum bars,
base material to be cut into bulb parts of automatic
transmissions, have seen a rapid increase in demand mainly
from South East Asian countries. According to the new
production plan for aluminum bars, Sumitomo Electric Toyama
will provide aluminum materials to STEC after casting,
rolling and drawing processes, while also continuing to
conduct the entire production itself. In STEC, the aluminum
material will be finalized through straightening process and
heat treatment.
Profile of STEC
Company name
SEI Thai Electric Conductor Co., Ltd. (STEC) (provisional
name)
Location
Amata City Industrial Estate, Rayong Province, Thailand
President
Undecided
Businesses
Manufacture and sales of copper wire rods, drawn wires
and aluminum bars
Sumitomo Electric Industries, Ltd. is one of the world's leaders of electric wires and cables, and fiber optic manufacturing. Net sales (including intragroup) break down by sectors of activity as follows:
- automotive (54.8%): cable beams, rubber anti-vibration products, etc.;
- energy and environment (21.1%): copper electric wires, electric cables, magnet wires, power cables, etc.;
- electronic (7.8%): electronic wires, semiconductors components, electronic components, printed circuit boards, etc.;
- information and communication (7.5%): fiber optic cables, optic components, network cabling systems, etc.;
- others (8.8%): primarily steel special wires.
Net sales break down geographically as follows: Japan (42.7%), China (19.7%), Asia (10.7%), the United States (11.8%), the Americas (4.2%) and other (10.9%).