News & Events
SMA Headquarters Recognized as 2013 Business of the YearJune 25, 2013
In celebration of Business Appreciation Week, Sumitomo Corporation of America (SMA) was formally recognized as the 2013 Business of the Year by the Chesapeake Economic Development Authority in June. SMA President & CEO Ronald J. Smith, Vice President & CFO Jim Solomon, and Vice President of Operations James Travers received the award from Chesapeake Mayor Alan P. Krasnoff in the City Council Chambers, Tuesday, June 25, 2013.
The City of Chesapeake honored SMA as Business of the Year due to their continued development and expansion at the headquarters facility. Earlier this year, SMA unveiled its new Bevel Buddybox® in an Open House on Friday, April 19th, 2013-marking the completion of Phase I of the company's 2015 Manufacturing Vision-an investment strategy that will ultimately total more than $12.5 million and create up to 50 new jobs. Mayor Krasnoff presented Mr. Smith with a certificate of recognition for SMA's launch of the Domestic Manufacturing Initiative and for the company's outstanding presence in Chesapeake's Cavalier Industrial Park for more than 25 years. SMA is currently expanding its manufacturing capabilities at its 250,000 sq. ft. facility and preparing 350 employees to support the production of its two new product lines in the bevel gear market.
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