Tag Archives | Sumitomo

Abadi visits Japan to Boost Trade

Prime Minister Haider al-Abadi has arrived in Tokyo for discussions with major Japanese industry and government. He met the CEO of Sumitomo Corporation, Kuniharu Nakamura to discuss future projects in Iraq, including the establishment of factories for car manufacturing in Iraq and providing after-sales services. He also met Hiroyuki Ishige, Chairman and CEO of the […]

Displaced Iraqi Youth learn Job Skills

With support from UNDP and Toyota Iraq, displaced Iraqi youth learn job skills and regain hope for a better life More than three million Iraqis are currently displaced as a result of the protracted conflict in Iraq. The experience of displacement has been particularly difficult for young people, whose education and employment opportunities have been […]

Japan to Resume Lending to Iraq

By John Lee. Nikkei Asian Review reports that state-owned Japan Bank for International Cooperation (JBIC) and the country’s two leading commercial banks — Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking — are preparing to make Japan’s first loan to Iraq in 31 years. The consortium will support an Iraqi government power project with a […]

Sumitomo Invests in Iraqi Car Service Firm

Japan’s Sumitomo Corporation has purchased about 320 million yen in shares (equivalent to 45% of shares) of SAS Automotive Services Ltd, a subsidiary of Iraq’s largest automotive business, the Sardar Group through a third-party allocation of shares. The company claims that this is the first private investment and joint venture by a Japanese company in […]

Hitachi, Sumitomo, to Deploy New Water System in Iraq

Hitachi Plant Technologies and Sumitomo Corporation have concluded an agreement with Iraq’s South Oil Company (SOC) to commence investigations for introduction of Hitachi Plant Technologies’ advanced water treatment system for the Iraqi oil industry. Iraq is expected to be one of high oil-producing countries of the world, and further investment in oil development such as […]