TOKYO -- Japan's SMC, a world leader in pneumatic parts, reached a market capitalization of over 4 trillion yen ($25.9 billion) by forgoing the usual Japanese strategy of focusing on manufacturing unique products, instead favoring general-purpose components that it delivers quickly.
Companies
Japan's SMC gets ahead by delivering robot parts speedily
Company achieves $26bn market cap without offering one-of-a-kind products
SMC holds a market share of over 60% in Japan and over 30% in North America for actuators. (Photo by Kensho Motowaki)
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