December 28, 2012,17:34 +0900(JST) Attended the Opening Ceremony of Our New Company Sumiden Hyosung Steel Cord (Thailand) Co., Ltd. (SHST)
Leaving Osaka on November 1, I visited Thailand to attend the opening ceremony of our new company, Sumiden Hyosung Steel Cord (Thailand) Co., Ltd. (SHST), although it was just a short stay of three days and one night.
The opening ceremony was held on November 2 with splendor. Approximately 150 persons were invited to the event, including those who are from the government of Thailand, the Japanese Embassy, the public corporation for development in Thailand, our business partners, and many other people who have cooperated in the establishment.
On the day of the event, the weather was very fine without any clouds. At the ceremony, held in a Buddhist style, nine priests recited Buddhist sutras and prayed for the development of the new company.
We have a long history of operating businesses in Thailand. In 1969, we established a magnet wire manufacturing company, and now we have about 20 companies operating in Thailand, contributing considerably to the development of the country.
Even after being struck by the flooding last year, Thailand still boasts an incredibly active economy. Construction work is observed almost everywhere in the country, and in Amata City Industrial Estate, where SHST is located, expansion construction projects are being carried out one after another. I'm really envious of this situation.
After the opening ceremony, I visited Sumitomo Rubber (Thailand) Co., Ltd., the tire manufacturing and sales company located next to SHST, as well as Sumitomo Electric Wiring Systems (Thailand) Ltd. (SEWT) and SEWS-Components (Thailand) ltd. (SEWS-CT), which manufacture and sell wiring harnesses, and electric wire parts and products. I was very satisfied to see that their businesses have been expanding steadily and all the staff members were working vigorously.
Subsequently, I attended a party held in Bangkok with senior members of our group companies in Thailand. The party served as a good opportunity to exchange many invaluable opinions, making my business trip to Thailand even more significant. I hope that they will achieve further development. Khob khun Krab (thank you very much)!