worâ¢thy. 1. having adequate or great merit, character, or value: a worthy successor. 2. of commendable excellence or merit; deserving; meritorious: an effort worthy of praise. 3. a person of eminent worth, merit, or position.
Japanâs Sumitomo Forestry bought out American house builder. Sumitomo Forestry Co., Ltd. (Tokyo) announced that it bought 60% of share of DRB Enterprises, which owns Dan Ryan Builders (DRB) group in Maryland. DRB is a major house builder on the East Coast and South of the United States. Purchase amount is about 10 billion yen (US$ 90 million).
Sumitomo Rubber Industries, Ltd. (TYO: 5110 ) is a tire and rubber company based in Japan. The company was started in 1909 by the Sumitomo Group to make bicycle tires. Today, the company makes tennis rackets, automobile tires, tennis balls, golf balls, and various other rubber products.