China is a key link in Sumitomo Electric's global supply chain

As a primary and secondary supplier in the supply chain, our company provides key components for the manufacturing of terminal products in multiple industries. Whether it is power facilities and communication equipment that support social foundations, or cars and home appliances that are close to daily life, our company's technology is widely applied, promoting global connectivity and progress, "said Keizo Takeo, Managing Director of Sales at Sumitomo Electric China, during the supply and demand docking meeting at the 2nd Chain Expo held recently.

Sumitomo Electric is a comprehensive manufacturer headquartered in Osaka, Japan. Since its establishment in 1897, it has been based on the manufacturing technology of wires and cables, continuously creating new products and technologies, expanding its business territory, and forming five major business areas including environmental energy, information and communication, automotive, electronics, and industrial raw materials. It has over 400 global branches and employs more than 290000 people.

China is one of Sumitomo Electric's important overseas markets, accounting for 14% of the company's global sales. Since the 1970s, Sumitomo Electric has been delivering products to the Chinese market and established an office in Beijing in March 1989. Currently, Sumitomo Electric has 98 affiliated companies and over 40000 employees in China. China is a crucial link in Sumitomo Electric's global supply chain.

Sumitomo Electric's success in China is attributed to its close cooperation with local supply chains. By establishing production bases in multiple locations in China, Sumitomo Electric can quickly respond to market demand, shorten delivery cycles, reduce transportation costs, optimize resource allocation, and provide strong support for the development of various industries, "said Keizo Takeo. This year marks Sumitomo Electric's first participation in the Chain Expo, with its booth located in the Advanced Manufacturing Chain Exhibition Area. Based on the "Mid term Business Plan 2025", Sumitomo Electric showcases its product technologies developed and applied in the three key areas of energy, information and communication, and mobile, as well as sustainable development measures that contribute to the future green society, with the theme of "Exploring a Green Society through Connectivity and Supporting Technologies". In the field of energy, high-voltage direct current submarine cables that support renewable energy will be showcased; In the field of information and communication, the fiber optic fusion splicer that will contribute to the effective implementation of "East Digital West Computing" will be showcased; In the mobile field, it will showcase its products and technologies as a global major supplier in the automotive industry, with automotive wiring harnesses at the core of the automotive industry chain.

Sumitomo Electric regards procurement as a business that supports the foundation of corporate activities. We believe that the supply chain is the lifeblood of the market economy, and the stability of the supply chain is crucial for industrial development and business survival. The Chain Expo is like a bridge, not only a platform to showcase products and technologies, but also a bridge to promote global supply chain cooperation. "Keizo Takeo said that as a material supplier, Sumitomo Electric does not directly provide products to end consumers, but closely connects itself with the supply chain and the market through partners.

He said, "I hope to take advantage of the opportunity created by the Chain Expo to enhance the audience's understanding of Sumitomo Electric's history, philosophy, and products. At the same time, I also hope to use the platform of the Chain Expo to find Chinese partners who can deeply cooperate in the future

Sumitomo Electric will strive to increase the added value of the entire supply chain and achieve coexistence and prosperity with suppliers based on the basic business policy of 'all five sides are good', "said Keizo Takeo. Sumitomo Electric is willing to work with exhibitors, customers, and upstream and downstream partners to support the new development of the Chinese economy and contribute to the construction of an open world economy.