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Sumitomo Wiring Systems Ltd

High-quality quartz manufacturer Russian Quartz — a portfolio company co-owned by Rusnano and Japanese financial and industrial holding Sumitomo Corporation — intends to conquer 25% of the global market of quartz within 3-4 years. This announcement was made by the Chairman of Executive Board of Rusnano Anatoly Chubais at the ceremonial commissioning of Stage 2 of high-purity quartz factory.

“This is the only facility in Russia, there are three facilities of this kind worldwide. It occupies 100% of the Russian and 10% of the global market. The ambition is to conquer 25% of the global market over the next 3-4 years, said Chubais. In its turn, Keiji Ikemura, President and CEO of Sumitomo Corporation Central Eurasia, stressed that the Japanese group is planning to strengthen its positions in Russia and “make its contribution to the development of Russian business”.

04 December 2016
TASS

Optovolokonnye Sistemy (Optic Fiber Systems), a RUSNANO portfolio company, is likely to set up a joint venture with Japan’s Sumitomo Electric, RUSNANO said in a news release summing up the results of RUSNANO’s head Anatoly Chubais’ visit to Japan.

Specifically, key parameters of a roadmap outlining prospective cooperation between the two companies were thrashed out at a meeting with the management of Sumitomo Electric.

Meeting participants also reaffirmed their intention to examine the possibility of adding a second launch facility to Optic Fiber Systems’ plant to manufacture preforms – a key raw material for optical fibers. The parties also did not rule out the possibility of setting up a joint venture in 2016.

In addition to Optic Fiber Systems, Sumitomo Electric may partner up with RUSNANO in such other spheres as electronic data transmission systems, server data storage networks, local and long distance telephone services, the news release indicates.

12 October 2015
TASS Russian News Agency
Investor
2014
8.4 mln
Jobs: 650
Sverdlovsk region, The Republic of Mordovia

Investor profile

Sumitomo Wiring Systems Ltd

Japan

Company's website: www.sws.co.jp/en

T: +65.6392.5441

Public company (TSE ISIN JP3404600003)

Contact: Osamu Inoue, President, CEO

Sumitomo Electric is a leading producer of optical fibers, fiber optics fusions splicers, cables, materials and equipment for the semiconductor and fiber optics industry in Japan. It supplies equipment for communications and transmission networks, information technology solutions and cables for automobiles throughout the world.

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