Sumitomo Electric Industries shows improvement in first half results

November 9, 2011

Sumitomo Electric Industries Ltd (SEI), one of Japan’s leading industrial conglomerates, has reported some improvement in its results for the first half of its financial year 2011/2012 (April 1 – September 30).

The company stated that group sales in the first half totalled Yen 956,804 million ($12.312 billion) and were now only 3.5% behind those of the same period in 2010. It is an indication of Japan’s strong recovery after the devastation caused by the earthquake and tsunami, stated SEI. The company expects full year results to be on a par with those achieved in 2010.

The ‘Industrial Materials and Others’ segment of SEI, which includes special steel wires, PM parts, hardmetals (cemented carbides), and sales at A.L.M.T. (hardmetals and diamond tools), recovered in the first half and were 2.3% ahead of the same period in 2010 with sales of Yen 136,249 million ($1.754 billion).

PM part production was reported to be down 4.3% in the period at Yen 18,200 million ($234 million), but was still a significant improvement on the figures reported for the 1st quarter.

Hardmetal production was up 20% in the first half at Yen 34,700 million ($447 million), and sales at A.L.M.T. were up 14% at Yen 22,000 million ($283 million).

http://global-sei.com   

News | Articles | Market reviews | Search directory | Subscribe to e-newsletter

 

www.ipmd.net

Recent issue of Powder Metallurgy review - your go-to resource to stay updated on the world of powder metallurgy and metal powders

In the latest issue of PM Review…

PM Review Spring 2023

Download PDF

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

  • GKN Powder Metallurgy: A strategic vision for the future of permanent magnets for EVs
  • Building trust in the Powder Metallurgy industry: The role of standardisation and an update on recent work by ISO/TC 119
  • High-volume powder production for Additive Manufacturing: SMS group’s continuous metal powder production process
  • Development of enhanced-performance PM brake pads for high-speed trains by Beijing Tianyishangjia New Material Corp., Ltd.
  • The START project: Creating a sustainable supply chain for green energy harvesting products by Powder Metallurgy
  • World PM2022: Reviewing three innovative methods for metal powder production

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

Join our community

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