Company Overview of Omron
OMRON: SENSING SOCIETY
“At work for a better life, a better world for all”
SUBMITTED TO
Prof. Ray Titus
SUBMITTED BY
GROUP-1
Aditi A Kulkarni
Amritesh Saxena
Neha Buruju
Sanghamitra Barua
Sangram Mishra
1. About Omron:
History:
Omron is a leading global supplier of sensors, control system components, advanced electronics and related services. It thrives on its ability to identify social needs and innovate. Omron was founded by Kazuma Tateisi an electrical engineer who started his career was at a hydroelectric plant for the Japanese government. Later in 1922, he was transferred to Inoue Electric Manufacturing Company only to quit the company in 1929 after the New York market crash.
Being an inventor and innovator by nature he rented a factory in 1930 to produce his inventions and later in 1933 founded the Tateisi Electric Manufacturing Company. Tateisi Electric began with the production of X-ray timers and later moved into producing many other sensing products. Later in 1948, Tateisi began selling household products under the brand name “Omlon” and later adopted the name “Omron” in 1959 for easier pronunciation in foreign languages.
Omron was known for multiple engineering firsts. Omron spent huge amount worth 4 times its capital on building an R&D laboratory in 1960. Omron was the western Japan competitor to eastern Japan’s Sony. Omron introduced various new and innovative products in the market. Some of them were vending machines capable of dispensing various items, ATM machines, and health devices like stress meter, automated traffic signal, fully automated train station and many more.
In the mid and late 1970’s during the oil crisis, Omron exited businesses, restructured and invested in R&D. In 1990’s it released a “Golden 90’s Plan” which focussed on 3 areas i. Industry ii. Society iii. Daily Life
Omron’s focus was both on innovation and corporate citizenship and this was expressed by the creation of a
“At work for a better life, a better world for all”
SUBMITTED TO
Prof. Ray Titus
SUBMITTED BY
GROUP-1
Aditi A Kulkarni
Amritesh Saxena
Neha Buruju
Sanghamitra Barua
Sangram Mishra
1. About Omron:
History:
Omron is a leading global supplier of sensors, control system components, advanced electronics and related services. It thrives on its ability to identify social needs and innovate. Omron was founded by Kazuma Tateisi an electrical engineer who started his career was at a hydroelectric plant for the Japanese government. Later in 1922, he was transferred to Inoue Electric Manufacturing Company only to quit the company in 1929 after the New York market crash.
Being an inventor and innovator by nature he rented a factory in 1930 to produce his inventions and later in 1933 founded the Tateisi Electric Manufacturing Company. Tateisi Electric began with the production of X-ray timers and later moved into producing many other sensing products. Later in 1948, Tateisi began selling household products under the brand name “Omlon” and later adopted the name “Omron” in 1959 for easier pronunciation in foreign languages.
Omron was known for multiple engineering firsts. Omron spent huge amount worth 4 times its capital on building an R&D laboratory in 1960. Omron was the western Japan competitor to eastern Japan’s Sony. Omron introduced various new and innovative products in the market. Some of them were vending machines capable of dispensing various items, ATM machines, and health devices like stress meter, automated traffic signal, fully automated train station and many more.
In the mid and late 1970’s during the oil crisis, Omron exited businesses, restructured and invested in R&D. In 1990’s it released a “Golden 90’s Plan” which focussed on 3 areas i. Industry ii. Society iii. Daily Life
Omron’s focus was both on innovation and corporate citizenship and this was expressed by the creation of a
References: www.omron.com www.wikipedia.com http://en.wikipedia.org/wiki/Bubble_economy