![]() |
A Replacement Source of Prosperity The Road to Independence A Four-Ship American Fleet Merger |
| Sumitomos machinery business traces its roots back to 1888. The company had started operating a modernized smelter and had built copper and sulfuric-acid refineries and a railroad for transporting ore. It was the height of the period of mine modernization, and Sumitomo established a new section to repair and maintain the required parts and tools. It was not glamorous, thoughmore a blacksmiths shop than a machinery plant. Equipped with just one manual lathe and one drill press, it initially produced bolts, washers, pickaxes, and other like items. But the people who worked there did more than just produce such items and disassemble and repair imported machinery. They displayed a hunger for learning leading-edge technologies- doing things like creating detailed technical diagrams of the imported machinery as they worked. From there, the shop gradually evolved to the point where it was involved in the design and installation of equipment and machinery at every stage of production, including extraction, beneficiation (ore preparation), smelting, and refining. It even begin producing rock drills, motors, and cranes. But in contemplating the prospects of this operation as an independent company, it became clear that it had no products that were superior to those of competitors already in the market. So the machining units first step in becoming a viable enterprise was to focus on areas it already had experience inmachinery for ore extraction, beneficiation, smelting, and refining, as well as for metalworking. It pulled together, refined its technologies, concentrated on reducing its costs, and started to seek orders from outside Sumitomo. With this kind of steady persistenceand the help of a recovering economythe business grew, and in November 1934 Sumitomo Kikai Seisaku (Sumitomo Machinery) was founded. Subsequently renamed Sumitomo Kikai Kogyo (Sumitomo Machinery Industries), this was one of the two predecessors of todays Sumitomo Heavy Industries (SHI). |
|