Sumitomo Electric Industries of Japan intends to increase production of wire harnesses
in other Asian countries so that about 40% of Japanese sales are sourced from
outside the country by the end of 2001, AutoAsia Online reported.

The website says that Sumitomo is planning to increase volume by 50% at its
Chinese, Vietnamese and Thai subsidiaries with smaller but still substantial
expansion planned for factories in the Philippines and Indonesia.

Sumitomo Electric Japan currently buys Y60 billion ($US488 million) worth of
harnesses from other Asian nations, a figure projected to rise to Y70 billion
by the end of 2002, AutoAsia Online said.

The website added that vehicle wire harness production is very labour-intensive
activity and that Sumitomo is also transferring European production from the
UK to Hungary and Poland because labour is cheaper.










To view related research reports, please follow the links
below:-



Automotive
country report: Japan


GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Who
Owns Who in Global Automotive Components 2000 – The world’s 100 top players
and subsidiaries analysed




Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now