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Nikkei slips on weak economic data; Sumitomo dives after profit warning

2014-09-30 08:05:00| Grocery - Topix.net

Investors were already on the back foot before the start of trading as pro-democracy protests in Hong Kong dented risk appetite in global markets. The early spotlight fell on Sumitomo Corp, which nosedived 13 percent after it slashed its annual profit forecast by 96 percent due to losses on a U.S. shale project and sharp declines in iron ore and coal prices.

Tags: data economic profit warning

 

3M, via Sumitomo 3M Ltd., Completes Acquisition of Sumitomo Electric...

2014-09-01 11:20:52| Chemicals - Topix.net

3M is now the sole owner and the business will be known as 3M Japan Ltd. Sumitomo 3M Ltd. was established in 1961 as a joint venture between 3M, Sumitomo Electric Industries Ltd. and NEC Corp. In 2003, 3M acquired NEC's 25 percent stake, which increased 3M's interest to 75 percent.

Tags: of electric acquisition completes

 
 

New Sumitomo Demag rep for Western Canada

2014-08-22 20:19:00| Canadian Plastics Headlines

Shaw and Christler Equipment Technologies LLC has been appointed as manufacturers representatives for Sumitomo (SHI) Demag for the provinces of British Columbia, Alberta and Saskatchewan.

Tags: canada western rep sumitomo

 

China,Japan : Global falling prices cause Nippon Steel & Sumitomo Metal's profit to drop

2014-08-06 07:06:47| Steel - Topix.net

The company's April to June net profit came at although its profit in the same period last year was boosted by one time gains.

Tags: to global prices drop

 

3M, via Sumitomo 3M, to Acquire Sumitomo Electric Industries Ltd.'s Interest in Sumitomo 3M Ltd.

2014-07-16 18:50:38| Chemicals - Topix.net

Upon completion of the cash transaction, 3M will own 100 percent of Sumitomo 3M Ltd. The transaction is expected to close Sept.

Tags: ltd interest industries electric

 

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