Opening of Ukraine Lexus

During September 2007, Sumitomo Corporation began importing and selling Lexus vehicles (Toyota Motor's luxury brand) in the Ukraine. The automobile market in the Ukraine has continued to grow in excess of 25% annually since 2002, and is expected to reach 500,000 cars this year. While the luxury car market represents about 3% of the total (16,000 cars sold), Sumitomo intends to capture the largest market share, at least 10% of the luxury vehicle market in the Ukraine over the next three years. Sumitomo established a Toyota dealership in the Ukraine in 2004 that has sold a cumulated three-year total of more than 20,000 cars.

Elevated city railway in Manila, the Philippines

Manila, the capital city of the Republic of the Philippines is home to three elevated city railways (total length of 45km), used by nearly 1 million people every day. Sumitomo Corporation completed contracts for capacity expansion work on Line 1, storage and maintenance depot construction work on Line 2, and full turnkey system construction work for Line 3. Sumitomo is also involved in providing overall maintenance services for the safe operations of Line 3, and has made other significant contributions to all of the rail projects in the metropolitan Manila area. Sumitomo Corporation will continue to play a proactive role in building out traffic infrastructure in the Philippines that will help alleviate chronic traffic congestion in Manila, while at the same time ensuring the ability of the citizens to move about.