Similarities And Differences Between Nippon And Sumitomo
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Both Nippon and Sumitomo were in their own right players in the steel business. Nippon was first established back in the 1970s. As for the Sumitomo, this company came to be in the year 1949. It was in 2012, however the two merged and created what is now observed as the largest integrated steel producer in the entire world. MSSMC within just a short time period have engaged in joint ventures, buyouts of production facilities, and become the parent company for/with other specialized steel industry companies. The company has corporate offices and manufacturing bases across 15 different companies. Stretching across Asia and even right here in North America NSSMC has become a leading innovator in technological and manufacturing…show more content… The Industry and NSSMC
This industry is wide open when it comes to products and services. NSSMC is a player in the industry-manufacturing railroad, automotive, and machinery parts. Additionally, the industry in all encompasses secondary steel products and specialty products like piano wire rods for instance. The products made in this industry vary from pitch coke (raw material for building production equipment for semiconductor or solar array panel) to epoxy resins (adhesive). Ultimately many companies in this industry also become involved in services such as; materials testing, warehousing, consulting services just to name a few.
Vision and Mission
There are a total of five principles they give in summary to relate what they want to live by as a company. Integrity and reliability is the primary target for which the company’s philosophy is based on. NSSMC focuses on leading the steel circuit with the latest and greatest improvements in technology and manufacturing competencies. The last and most attractive part to the NSSMC mission is their need to have a vibrant workforce. Nippon at its core has aspirations to garner employees who bring out positive qualities in other associate for the good of the organization.
Both a strength and weakness found here comes with the expressed want to acquire high quality engineers to support technological initiatives. While a focus on moving innovation forward is great