# Sumitomo Corporation fully acquires Sumiputeh Steel Centre in Malaysia

Sumitomo Corporation increased its stake in Sumiputeh Steel Centre Sdn. Bhd. from 50% to 100%, making it a wholly owned subsidiary. The company provides coil center services for thin steel sheet products in Malaysia.

- Type: Acquisition
- Announced: 2018-01-12
- Where: Shah Alam, Selangor, Malaysia
- Status: completed
- Products: thin steel sheet products, coil center services
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Sumitomo Corporation](https://endata.com/companies/6281.md) (acquirer)
- [Sumiputeh Steel Centre](https://endata.com/companies/29360.md) (target)

## Sources

- [prtimes.jp](https://prtimes.jp/main/html/rd/p/000000466.000000726.html), 2018-01-12: "住友商事は、Sumiputeh Steel Centre Sdn. Bhd.の保有株式を50パーセントから100パーセントまで買い増し、同社を完全子会社化しました。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.