Sumitomo Corporation Enters North American Railcar Axle Machining Business

New York, New York – April 5, 2016 – Sumitomo Corporation together with Sumitomo Corporation of Americas (collectively referred to as “the Sumitomo Corporation Group”) have entered into a 50/50 joint venture agreement with Greenbrier Rail Services (“GRS”), the railcar wheel and axle maintenance unit of The Greenbrier Companies, a leading supplier of transportation equipment and services to the railroad industry.

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