Japan’s leading Powder Metallurgy producers notch up impressive increases in 3rd quarter

February 12, 2014

Sumitomo Electric Industries Ltd

Sumitomo Electric Industries Ltd. (SEI), based in Itami, Japan, continued its strong growth reported for the 1st half of its financial year (2013/2014) with a further increase in sales in the 3rd quarter (ended 31 December, 2013). The company reported a 24.8% increase in sales of all its divisions totalling Yen 649.9 billion ($6.342 billion) compared with the same quarter in 2012. This takes group sales for the nine months to Yen 1.868 billion ($18.232 billion), a rise of 19.5% year-on-year. Operating income (profit) rose by 66% in the first nine months of the current financial year to Yen 77.9 billion ($760.4 million).

SEI’s ‘Industrial Materials & Others’ division, which includes the production of cemented carbides (hardmetals), PM parts, and the fully owned A.L.M.T. subsidiary which produces W, Mo, heavy metal, thermal management materials, ceramics, diamond tools and hardmetals, reported a 10.4% increase in sales in the first nine months to Yen 223.8 billion ($2.185 billion). PM part sales increased by 19.1% to Yen 39.2 billion ($382.7 million) whilst hardmetal sales increased by 15.2% to Yen 60.7 billion ($592.6 million). A.L.M.T. enjoyed a more modest increase of 4.7% % to Yen 31.3 billion ($305.8 million). Special steel wires made up the remaining sales in this division of SEI.

Hitachi Chemicals Co. Ltd.

Hitachi Chemicals Co. Ltd. also reported improved results for its 3rd quarter (October to December) with a 10% rise in sales to Yen 127.1 billion ($1.241 billion) and a 34% rise in operating income to Yen 7.2 billion ($70.3 million) in its ‘Functional Materials’ and ‘Advanced Components & Systems’ divisions. This takes total sales for the first nine months of its current financial year to Yen 370.1 billion ($3.612 billion ), a rise of 9%, and operating income to Yen 21.8 billion ($212.8 million), a rise of 16%.

Hitachi Chemical’s ‘Advanced Components and Systems’ division, which includes PM parts, bearings and sintered friction materials produced in Japan, Thailand, Indonesia, China and North America, plus plastic moulded parts, vehicle and industrial batteries and printed circuit board, saw sales rise by 11% in the 3rd quarter to Yen 60.2 billion ($587.6 million). The increase was attributed mainly to higher demand for friction materials and increased PM part sales in North America. Nine month sales of this division totalled Yen 171.8 billion ($1.677 billion), a rise of 5% year-on-year. Hitachi Chemical is forecasting full year sales for this division to increase by 6% to Yen 233 billion ($2.274 billion).

Mitsubishi Materials Corp. (MMC)

Mitsubishi Materials Corp. (MMC) of Japan reported that group net sales increased by 9.8% to Yen 1,050 billion ($10.252 billion) in the first nine months (April 1 to December 31, 2013) of its current financial year ending March 31, 2014, compared with the same period last year. Operating profit jumped by 28.6% to Yen 51.041 billion ($498.3 million) in the period.

MMCs ‘Advanced Materials & Tools’ division, which includes among a range of other products cemented carbides, PM bearings, and sintered parts, saw sales increase by 6.8% in the 9 month period to Yen 110.2 billion ($1.076 billion), with operating profit up 31.9% to Yen 10.8 billion ($105.4 million).

Mitsubishi Materials announced at the end of January 2014 that a 51% shareholding in its MMC Superalloy Corp. based in Okegawa, Saitama, which operated within the ‘Advanced Materials & Tools’ division, has been transferred to Hitachi Metals Ltd. MMC Superalloy manufactures products such as special copper alloys and special heat-resistant, corrosion-resistant and abrasion-resistant superalloys for the aircraft, industrial gas turbines and automobile sectors. The company will conduct management of MMC Superalloy jointly with Hitachi Metals. Mitsubishi Materials stated that its Advanced Materials & Tools business will in future focus on global automotive demand where it sees the highest growth.

 

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Burgess-Norton and Amsted Automotive: How a legacy automotive supplier is growing with, not despite, electrification
  • Meeting sustainability demands in PM: High-temperature sintering of nickel- and copper-free powder mixtures for low alloyed PM parts
  • World PM2022: An overview of the status and trends in the global PM industry
  • A novel approach for the production of metal powders with tailored chemical compositions: Amazemet’s rePowder
  • Productivity, flexibility, reliability: SACMI’s new press technologies for the changing PM industry
  • Understanding the thermal properties of metal powders: Characterisation of powders using the Hot Disk technique
  • World PM2022: Views on the potential of Field Assisted Sintering for advanced materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link