Notice Concerning the Conclusion of Basic Agreement on Company Split

Sumitomo Corporation Global Metals announces that it has entered into basic agreement with Sumitomo Corporation, its parent company, regarding succession of a part of Sumitomo Corporation’s metal products business by company split, which is scheduled to come into effect on April 1, 2018.

This company split will entail appropriate transfers of business decisions, to make it flexible and an agile organization in the metal business environment. That secures and educates a diversity of personnel capable of responding more profoundly to globalization, and that develops, pursues and manages business in ways firmly grounded in front-line capabilities and perspectives. Sumitomo Corporation Global Metals aims for further growth with business partners consequently.

For further information, please visit to: https://www.sumitomocorp.co.jp/english/news/

Contact:
Corporate Planning & Coordination Group
Sumitomo Corporation Global Metals Co., Ltd.
Tel. +81-3-5859-6776