Sumitomo Corporation develops businesses in a wide range of industrial fields on a global scale aiming to achieve prosperity and realize dreams through sound business activities. These business activities include sales of a variety of products and services, import and export, trilateral trade, and domestic and international business investment. Since our foundation in 1919, we have continued to grow through enhancing our ability to create new value together with stakeholders such as business partners and clients and local communities, across business networks around the world.
Our corporate mission statement carries out Sumitomo’s business philosophy – which has set the foundation for our business – represented by one of the credos; “Benefit for self and others, private and public interests are the same”.
We believe that our continuous commitment to creating value needed by society and contribution to solving social issues as a key priority, will lead to our continuous growth. We will further enhance sustainability management and works toward the realisation of the sustainable society and enhancement of the corporate value.
The world is facing some serious issues such as climate change, which increase the expectations on the private sector toward solving these issues. We will accomplish our goal, as represented by the Group’s corporate message – “Enriching lives and the world” – to further enrich the world, society, and people’s lives. By living up to our principles, we will unite as one to take on the challenge of creating new value.
Our Infrastructure Energy Business
Our mission is providing global infrastructure that meets the needs of each country, region and society, we contribute to the building of a society where people can live in harmony with the global environment and to the development of local communities and industries across the world. In the global power infrastructure field, we are engaged in large-scale I(W)PP and power plant EPC business, as well as next-generation electric power business development. As for I(W)PP business, We currently own approximately 23 GW gross capacity (10GW net ownership capacity) of power generation under operation across the world, which include a broad range of renewable power such as offshore wind, onshore wind, solar PV, hydro, geothermal and biomass. We are aiming to further expand our renewable portfolio to contribute the energy transition all over the world.
Our Business in New Zealand
Since 1963, Sumitomo Corporation maintains its office in New Zealand.
In New Zealand, we have rich experiences in delivering geothermal power plants. We have successfully completed the two geothermal power plant projects (Kawerau: 100MW and Nga Awa Purua: 140MW) and are currently constructing one geothermal power plant project (Tauhara: 175MW).
Not only in the infrastructure and energy industry, we also own frozen carrot juice manufacturing and exporting business, and planting, forest management and log sales business, which owns over 50,000 ha forest asset in NZ.
With the renewable power project, our goal is to contribute the energy transition in New Zealand by capabilities of Development, Financing, Marketing, EPC and Asset Management which we gained through our extensive experiences in solar, onshore/offshore wind, gas power and other type of power business among the world, and also the synergy with other assets that we currently own in New Zealand to create new value for the industries.