It has been 16 years since we began working on large-scale mixing vessel manufacturing. I feel that the equipment requested by our customers is now even bigger and heavier. And the center of the needs for large equipment is clearly shifting to overseas. It is no longer a surprise that the tanks produced in South Korea and China using our technology are assembled into a mixing equipment at their factory, commissioned and delivered directly to overseas customers' plants without having to touch Japanese soil.
This provides significant advantages in addition to cost, and it is a very smart approach from the point of logistics that things manufactured abroad are delivered overseas as they are. In addition, because large unexpected risks, such as delays due to operation restrictions and accidents during transportation, are lurking in the transportation of large equipment, we can also keep them to a minimum. Furthermore, although we use cargo ships when delivering to our customers overseas, unfortunately in recent years, it is a fact that more international ports in South Korea and China are capable of allocating ships than international ports in Japan, which results in no waste in terms of the delivery scheme. You could also say that it is a perfect match.
Considering these consequences, it can be said that our decision at the time to look overseas for large-scale equipment manufacturing was a perfect choice.
In other words, the strength from the aspect of our large-scale countermeasure of the present is to effectively utilize the expertise and technology cultivated at the headquarters factory in Japan to enhance the ability of our partner company. I believe that this is how we are sending out valuable products to customers.
On the other hand, from the viewpoint of the future, I think it is expected that customer needs will become more cost sensitive and that higher quality is required. We must respond to it anyway. Utilizing the expertise we have built up based on our relationships with our overseas partners, we need to find our next partner company with greater price competitiveness, which may be found in inland China, for example. In addition, I think we need to make efforts to increase their capabilities more actively so that the companies with which we currently have partnerships will achieve even higher levels of output.
I think about this constantly. It can be referred to as a "benefit for three sides or good for everybody." That is, our customers will have a sense of security that if they ask Sumitomo, they may be able to manage some difficult tasks. To the partner company, it provides opportunities for technical improvements and business opportunities. To our company, we receive orders for larger projects and new projects, using the facilities and skills of the partner companies. I hope that we can continue to move on with the Win-Win-Win relationship.
Respect each other to build a long-lasting business. With this in mind, we will continue to take on challenges in the future so that we will be able to further enhance our large-scale manufacturing capability that is beneficial for three sides, or good for everybody.