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Sumitomo Corporation of Americas

Company Summary

Description

Established in 1952 and headquartered in New York City, SCOA has offices throughout the Americas, and is an investor and business partner in more than 75 subsidiary and affiliate companies. SCOA has grown rapidly through its six business groups and six corporate groups. SCOA is an integrated global trading company with diversified investments in businesses involved in manufacturing and marketing of consumer products, providing financing for customers and suppliers, coordination and operation of urban and industrial infrastructure products, providing transportation and logistics services, developing natural resources, distribution of steel and other products, and developing and managing real estate. SCOA has operations in a wide array of businesses, organized into six industry focused segments, namely Tubular Products, Steel & Non-Ferrous Metals, Machinery & Power, Chemicals & Electronics, Living Related Business, and Mineral Resources & Energy.

Website

http://www.sumitomocorp.com/Who-We-Are/

Related Entities

Firm Transport Commitments

Project: Freeport LNG Train 4
Firm Commitment: 2.2 mtpa

Recent news

Company Transactions

Date: 2/4/2021
Type: Acquisition

NOTES:
Japan's Sumitomo has divested the last of their U.S. onshore shale assets via the sale of their Eagle Ford position to a U.S. firm for an undisclosed amount. This followed the sale of their Marcellus Shale position in September 2020.
REGIONS:
  • Eagle Ford
  • Date: 9/8/2020
    Type: Acquisition

    NOTES:
    Japan's Sumitomo Corp has sold off its Marcellus Shale natural gas assets for an undisclosed total after acquiring a 30% stake in the acreage in 2010 from Rex Energy Corp.
    REGIONS:
  • Marcellus Shale
  • Date: 3/23/2018
    Type: Acquisition