Sumitomo, through its subsidiary Sumitomo Corporation of Americas (SCOA), jointly known as the Sumitomo Corporation Group, has made a strategic investment in Evertrak, a manufacturer specialising in composite railroad ties for North America’s rail industry. Sumitomo Corporation Group, through its Steel Group, supports North American freight railroads by exporting rails from Japan and producing tie plates, wheels, and axles in North America. Its investment in Evertrak aims to expand production capacity and develop sustainable, competitive railroad solutions, aligning with its existing operations.
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