Sumitomo Corporation and Metal One to integrate domestic tubular products businesses

Sumitomo Corporation and Metal One Corporation agreed to integrate their domestic tubular products business operations on an equal basis, with the integration slated for January 2019. The new company will be formed by splitting and merging the tubular products businesses of both groups.

“The two companies have decided that the best option for their business partners, fellow workers, and all other stakeholders could be to consolidate their managerial resources to pursue sustainable growth.”sumitomocorp.com

• 1 source
• sumitomocorp.comAgreement Concluded on the Integration of Domestic Tubular Products Business Operations between the Sumitomo Corporation Group and the Metal One Group | Sumitomo Corporation in East AsiaAug 6, 2018

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