05 December 2024
Executive Conference in China
From November 22nd to 23rd I was in Changzhou to attend the Sumitomo Electric Executive Conference of Greater China. This was a gathering of about 150 people including the managing directors of group companies in the region and our Group Global Executives.
The first day’s agenda was comprised of reports from group companies about their business situation and market trends, presentations from participants of the region’s executive training program, and updates from the five intercompany committees (on brand strategy, DX promotion, Sumitomo Spirit promotion, and other focus areas). I was pleased to see how companies are working together, using the strength of our group, to address common challenges and find new business in a rapidly-changing environment, and I shared my expectations for future activities with the speakers. The first day closed with a ceremony to present the Sumitomo Electric Glorious Excellent Company Award for 2023 to eight group companies that had an outstanding year with respect to our various management factors such as financial performance, safety, quality, and compliance. As president, I commend each of these companies for their success and would like to express my utmost gratitude for their daily efforts.
On the second day, I visited Sumitomo Electric Wintec (Changzhou) Co., Ltd. and took a tour of the factory. WIN-C was established in 2019 as a site for manufacturing rectangular magnet wire for automotive use, and they started production in 2021. As we hear of the continuing development and growing adoption worldwide of electric vehicles such as battery EVs, hybrid EVs and plug-in hybrids, I hope that WIN-C will continue their success in manufacturing original, high-quality magnet wires and ensuring a stable supply of these products to customers.
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