Sumikin Precision Forge Eyes Asian Base for Growth

Sumitomo Metal Industries’ subsidiary, Sumikin Precision Forge eyes new Asian operation to develop new market in fiscal 2012 staring April. The firm keeps Japanese base including research and development while the firm seeks new business base in Asian market.

The firm provides automotive precision parts and high tension bolt. The firm secures same level of sales and profit for fiscal 2011 as fiscal 2010 despite of negative impact by the major earthquake and Thai flood.

The firm tries to keep the sales volume and profit in fiscal 2012 as fiscal 2011. The firm launches new activity to improve the competitiveness to survive severe business condition. The firm tries to follow growing demand for precision cold forging parts despite of lower automobile production in Japan.