Sumitomo Metal Mining establishes new China company

Sumitcoarse dry screening of iron oreomo Metal Mining has established Sumitomo Metal Mining Management company in China to perform sales and management tasks, it was announced on July 2.

The Shanghai-based company began operations on July 1.

Sumitomo Metal said its new company will handle sales of group company products in China such as non-ferrous metals and electronics materials. It will also supply business services such as accounting, legal and human resources for Chinese group companies. In addition, it will gather information related to the Chinese market and conduct personnel training necessary for business development in China.

Sumitomo said it has established the new company to promote the further development of markets and the development of new operations in China, where further growth is forecast, under a system of company-wide support.

Sumitomo said its new company will have a start-up capital of $2 million (159.4 million yen). It will be staffed by 17 employees (seven Japanese, 10 Chinese).