Hydroscand signs exclusive distributor agreement with Sumitomo Riko Company Limited
Hydroscand AB has signed a unique distributor agreement with Japanese industrial company Sumitomo Riko Company Limited.
The new agreement implies that Hydroscand will be Sumitomo Riko’s partner in Europe and South Africa, and distributing the company’s hydraulic hoses on these markets.
Hydroscand is the market leader within hose and fluid components in Scandinavia. The company has more than 50 years of experience in assembling and distributing hoses and fluid components. The key words that characterize Hydroscand and its day-to-day operations are flexibility, knowledge and service. To Hydroscand, it is essential to follow the developments in the business and that the product assortment meets all future demands in quality and performance.
Sumitomo Riko Group has its head office in Nagoya, Japan. The company’s line of business is manufacture and sales of automotive parts including anti-vibration rubbers, hydraulic- and industrial hoses, IT-related products (such as cleaning blades and precision rolls), and various industrial materials. Sumitomo Riko is specialized in the manufacture of flexible spiral hoses and has successfully delivered hoses to customers such as Hitachi and Komatsu, meeting the customer’s rigorous and special demands.
The agreement was signed on location in Nagoya, Japan, by Hydroscand’s owner and Chairman Björn Holmström and Sumitomo Riko’s CEO and Chairman Yoshiaki Nishimura.
Addressing those present, Björn Holmström stated, “We are extremely proud to have been chosen as your European partner. I am convinced that signing this agreement will add significant value to the business of both companies.”
Tetsu Matsui, President and COO of Sumitomo Riko, replied: “This is a huge step in our aim for further growth on the global market. Through this collaboration, we intend to forge ahead with our business expansion by delivering products that are consistent with European market trends in terms of cost and quality.”