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Misumi USA

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American distributor of industrial components
Misumi USA
IndustryManufacturing
FoundedFebruary 1988; 36 years ago (1988-02)
HeadquartersSchaumburg, United States
BrandsMisumi, Suruga Seiki, Dayton, Lamina, Danly, Lempco, IEM, PCS Company
Websitewww.misumiusa.com

Misumi USA is a subsidiary of Misumi Corporation, established in February 1988. Misumi USA is known for providing fixed and configurable components for the manufacturing industry, and is headquartered in Schaumburg, Illinois.

History

Misumi Corporation was founded in 1963 under the name Misumi Shoji Co., Ltd. In the early years of its founding, the company focused primarily on the sale of electronic equipment and bearings, as well as press die components.

Throughout its first 25 years, Misumi Corp continued to establish regional presences across Japan. In order to better-serve the American market, Misumi Corp established a subsidiary, Misumi USA, in February 1988.

MISUMI Group Inc

Established in 1963, MISUMI Group Inc. is the world's largest supplier of fixed and configurable components for the manufacturing industry. It divides global operations in to Europe, Asia, Japan, and North America.

Current business model

As of February 2014, Misumi USA supplies over 20.7 million different configurable components for assembly automation in the automotive, appliance, semi-conductor, medical, and packaging industries, with over 30,000 products available for same-day shipping. Misumi promotes that it bears no minimum order requirements or set-up charges, allowing greater flexibility in ordering for small companies and individuals. Misumi USA is known for its QCT (Quality, Cost, Time) model, fulfilled by catalog sales of standardized products, along with piece-by-piece production of customizable products. Misumi has operated under the leadership of Co-CEOs, Tadashi Saegusa and Masayuki Takaya, since June 2002. Beginning that year, the new management implemented a series of reforms including the following:

  1. Discontinuing Diversified Business Model: Misumi chose to return to its core business of precision mechanical industrial components for die-and-mold and factory-automation applications only, and cut ties with all subsidiaries that did not align closely to this core practice.
  2. Expanding Overseas: To extend the QCT model abroad, Misumi began building out infrastructure including sales offices, logistics centers, and manufacturing sites in each new market entered.
  3. Acquiring SURUGA SEIKI: In acquiring this development and manufacturing company, Misumi brought manufacturing in-house.
  4. Delegating Authority Across the Organization: In 2007, Misumi brought the concept of “small is beautiful” to its operating companies, organizing its business into small autonomous teams responsible for sales, product development, and manufacturing.

Currently, Misumi is aggressively pursuing sales and operating income records year over year, in conjunction with continued global expansion and partnerships across industry verticals. Misumi USA consists of a local suppliers network including Sugura USA in Addison, Illinois, along with its own distribution centers near Chicago O’Hare Airport and in Torrance, California.

In November 2012, Misumi acquired the Dayton Lamina Corporation, a company known for press die components, with brands including Dayton Progress, Lamina, Danly, IEM, and Lempco. Beginning August 2015, Dayton Lamina began the manufacture of Misumi Brand die components in Ohio.

In November 2017, Misumi announced plans to expand manufacturing and distribution in North America through the creation of a subsidiary in Querétaro City, Querétaro, Mexico. Misumi Mexico will be operational beginning April 2018.

As of November 2017, Misumi currently operates 24 Manufacturing facilities, 14 Distribution Centers, and 62 Sales Offices around the globe.

Environmental and social contributions

Misumi's products are compliant with the European Union’s RoHS Directive, restricting the use of hazardous substances. As innovations in green production, Misumi has developed equipment cables with superior oil and heat resistance, as well as combined terminal blocks and components. As part of a green procurement initiative, Misumi also mandates that its suppliers comply with a strict set of guidelines, including a chemical substances survey and report. In January 2014, MISUMI embarked on an initiative to enhance workplace safety by introducing a new nitrogen gas spring to the North American market.

Misumi offers a University Partnership program which provides discounts and sponsorships to students in the United States and Canada for senior design and competition projects. This program began in 2012 and is currently active in over 50 colleges and universities.

Beginning in 2016, Misumi became a Silver Level Supplier for FIRST Robotics, an international high school robotics competition.

See also

References

  1. Misumi Group Inc. "MISUMI History", Retrieved on 27 February 2014.
  2. Misumi USA. "Profile", Retrieved on 27 February 2014.
  3. Design World. "Misumi USA Opens New North American Headquarters", Retrieved on 27 February 2014.
  4. Misumi Group Inc. "MISUMI History", Retrieved on 27 February 2014.
  5. "Global Network - Corporate Information - MISUMI Group Information - MISUMI Group Inc".
  6. "At a GLANCE - Corporate Information - MISUMI Group Information - MISUMI Group Inc". Misumi Group.
  7. Market Watch "MISUMI USA In-Stock Products Now Automatically Ship Same Day", Retrieved on 27 February 2014.
  8. Industry Week "Tailored To Fit", Retrieved on 27 February 2014.
  9. Misumi Group Inc. "Annual Report 2012" Archived 18 May 2014 at the Wayback Machine, Retrieved on 27 February 2014.
  10. Bloomberg Businessweek "Misumi Group Inc (9962:Tokyo Stock Exchange)", Retrieved on 27 February 2014.
  11. Misumi Corp. "Merger of MISUMI Corporation and Suruga Seiki Co., Ltd" Archived 3 March 2016 at the Wayback Machine, Retrieved on 27 February 2014.
  12. Automation.com "Dial Tool saves design time with Misumi components", Retrieved on 27 February 2014.
  13. Misumi USA. "Profile", Retrieved on 27 February 2014.
  14. "MISUMI Group, Inc. Establishing a Local Subsidiary in Mexico". www.businesswire.com. Retrieved 9 November 2017.
  15. Misumi Group Inc. "Environmental Chemicals Management", Retrieved 27 February 2014.
  16. The Wall Street Journal "MISUMI Introduces Nitrogen Gas Springs with Enhanced Safety Features to North American Market", Retrieved 27 February 2014.

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