Sumitomo Metal Industries, Ltd. has announced that it will make a capital investment in its U.S. subsidiary, Standard Steel, LLC. With this investment the company will introduce a vacuum degassing facility for high cleanliness steel and Sumitomo Metals’ rotary forging press for high-precision wheels.
The partnership will aim for facility improvement and early completion of the project.
Standard Steel is a top manufacture of railway wheels and axles in the U.S. and has been in operation for more than 200 years. The transfer of Sumitomo Metals’ technologies in high-end wheels to Standard Steel will enhance their international competitiveness and improve their position in North America’s high-end railway wheel market for urban transportation, high-speed railways, and high-load freight cars.
Standard Steel is a top manufacture of railway wheels and axles in the U.S. and has been in operation for more than 200 years. The transfer of Sumitomo Metals’ technologies in high-end wheels to Standard Steel will enhance their international competitiveness and improve their position in North America’s high-end railway wheel market for urban transportation, high-speed railways, and high-load freight cars.
As a result of this investment, Standard Steel will manufacture railway wheels of almost the same quality as those manufactured by Sumitomo Metals in Japan. The presence of manufacturing bases on both sides of the Pacific will result in a more reliable and stable supply to customers.
The investment will also result in enhanced manufacturing capability for high-end products.
The investment will also result in enhanced manufacturing capability for high-end products.