The Sumitomo Electric Group began producing electric cables in 1908. We started with copper wires and have steadily progressed from low voltage to ultra-high voltage in our electric wire and cable business. A particularly foundational area of our copper wire business has been our high-voltage electric wire business, where we have built a business base and track record that leads Japan’s industry through the completion of a series of major projects such as the production and laying of the world’s first long distance main line with 500 kV XLPE cables and the world’s first submarine power line with a 500 kV DC Oil-Filled cable.
We have continued to build a stronger global presence, drawing on our strengths such as diverse high-value product families and associated services, project-planning expertise, overall capabilities involving affiliate companies in the heavy electrical machinery and engineering fields (Nissin Electric Co., Ltd. and Sumitomo Densetsu Co., Ltd.) and end-to-end system development from raw material to finished product. Currently, the technical expertise of our group is essential for the construction of new energy systems in line with trends such as international grid interconnection projects, primarily in Europe, infrastructure development in emerging countries, increasing use of renewable energy and widespread use of electric vehicles. We will continue to use this technology as a base as the building of energy infrastructure progresses.

Priority initiatives for FY2021

●In the area of power cables, we will continue to receive orders for large-scale overseas projects, domestic demand for equipment replacement, and renewable energy projects while also focusing on cost reduction, quality improvement, new product development, and strengthening of project management.

●With respect to rectangular magnet wires for motors used in electric vehicles, we will continue to expand our global production capacity to meet increasing demand.

●We will strive to further increase orders by leveraging the collective strength of the Group, including Nisshin Electric Co., Ltd. and Sumitomo Densetsu Co., Ltd.