Visions - Fall 2011 - (Page 3)
S T E E L A N D N O N - F E R R O U S M E TA L S
Acquisition of Standard Steel Increases Rail Supply Strength in North America
Purchase of Wheel and Axle Manufacturer Increases Business Group’s Reach In a Growing Industry
T
he steel industry in Pennsylvania has a long and storied history. Famous entrepreneur Andrew Carnegie, an immigrant from Scotland, was a salesman, promoter and financier whose great innovation was the cheap and efficient mass production of steel rails in his Pennsylvania factories for railroad lines. Carnegie’s operation helped establish the Keystone State as the center of the American steel industry until the late 20th century.
In that same tradition, SCOA and SC Tokyo PENNSYLVANIA recently entered into an agreement with Burnham Sumitomo Metals to acquire Standard Steel, a Pennsylvania-based manufacturer of forged wheels and axles for railcars established in 1795. Standard Steel has 620 employees in its Burnham, PA operation, a company that experienced annual sales of $250 million, 99 percent of which were North American customers. The company remarkably supplies 25% of the wheel demand and 40% of the axle demand for the entire North American rail industry.
As a leading manufacturer for all brands of freight railcar, locomotive and passenger railcar, Standard Steel is the only producer of forged steel wheels for railcars and locomotives on the continent.
Pictured above: the Standard Steel facility in Burnham, Pennsylvania
Sumitomo Corporation of America
3
Table of Contents for the Digital Edition of Visions - Fall 2011
Visions - Fall 2011
Acquisition of Standard Steel Increases Rail Supply Strength in North America
Transportation Unit Completes Miami Airport’s Newest APM System
Sumitomo Corporation and Mazda Begin Construction on Mexican Production Facility
Summit Motor Management Acquires New Lexus Dealership
The View From Washington
Visions - Fall 2011
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring2020
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter2020
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall2019
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer2019
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring2019
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fallwinter2019
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer2018
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winterspring2018
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall2017
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer2017
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winterspring2017
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall16
https://www.nxtbook.com/nxtbooks/sumitomo/visions-springsummer16
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter16
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall15
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer15
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring15
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter15
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summerfall14
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer14
https://www.nxtbook.com/nxtbooks/sumitomo/globalsolutions2014
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter14
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall13
https://www.nxtbook.com/nxtbooks/sumitomo/visions-springsummer13
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter13
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall12
https://www.nxtbook.com/nxtbooks/sumitomo/visions-springsummer12
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter12
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall11
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer11
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring11
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter11
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall10
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer10
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winterspring10
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall09
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer09
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring09
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter09
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall08
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring08
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter08
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall07
https://www.nxtbook.com/nxtbooks/sumitomo/vision-summer07
https://www.nxtbookmedia.com