Nippon Steel & Sumitomo Metal Corporation (head office: Chiyoda-ku, Tokyo; President: Kosei Shindo; hereinafter, 'NSSMC'), together with Sumitomo Corporation (head office: Chuo-ku, Tokyo; President & CEO: Kuniharu Nakamura), signed the renewal of a Master Agreement for oil country tubular goods (hereinafter, 'OCTG') with BP (head office: Saint James Square, UK; CEO: Bob Dudley) in December. This long term agreement is effective from January 1, 2016.
NSSMC and Sumitomo Corporation have had the long term contract for the supply of OCTG since 1990's and have performed a high level of credibility in the industry with regard to product supply, development of customized new products, total solution proposals, cost optimization, and solid delivery service by use of supply chain management (SCM).
By making use of the superior technology and services, NSSMC is committed to contributing to BP's exploration and production activities which find resources in challenging locations and require advanced solutions.
Sumitomo Corporation issued this content on 27 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 April 2016 04:15:32 UTC
Original Document: http://www.sumitomocorp.co.jp/english/news/detail/id=29307
Sumitomo Corporation is a diversified group organized around 7 areas of activity:
- retail distribution of consumer goods (24.4% of net sales): food products, apparel and accessories, pharmaceuticals, building materials, household and decorative items, etc. The group is also developing a real estate business;
- trading of hydrocarbon, mining, chemicals and electronics products (24%): oil, natural gas, copper, gold, silver, zinc, lead, nickel, coal, iron ore, resins, pesticides, petrochemical products, etc.;
- trading of steel products and non ferrous metals (20%): flat and long steel products, tubular products, aluminum products, titanium, etc.;
- distribution of transportation and construction systems and equipments (15.1%): spatial equipments, landing fields, forest machines, motorcycles, mining operating vehicles, etc.;
- telecommunications and multimedia products and services supplies (8.8%): TV wiring, data communication solutions, film distribution services, mobile telephony, Internet access and computing services;
- development and implementation of civil engineering infrastructures (7.6%): power plants, wastewater treatment units, industrial plants, telecommunications centers, etc. The group is also providing logistics services;
- other (0.1%).