Strohm announces significant investment from Sumitomo Corporation
Summary
Takushi Kikuchi, General Manager for Tubular Products Units of Sumitomo Corporation Europe Limited, stated: "I am very pleased with this investment in Strohm, as we are committed to deliver cost reduction and efficiency to the Oil & Gas industry, introducing new technologies and business models. Aleksandra Wrobel, CFO of Strohm aaid: We are very proud of our shareholder base, which already included Shell, Chevron, Saudi Aramco, Evonik and Subsea 7. Their significant investment is testament to what we have achieved thus far, pioneering the introduction of thermoplastic composite pipe technology in a conservative market, and creating the largest track record in this space."Mr. SC conducts commodity transactions in all industries utilizing worldwide networks, provides related customers with various financing, serves as an organizer and a coordinator for various projects, and invests in companies to promote greater growth potential. SCs core business areas include Metal Products, Transportation and Construction Systems, Infrastructure, Media and ICT, Living Related and Real Estate, Mineral Resources, Energy, and Chemical and Electronics.