Sumitomo Metals Ramps Capacity to Produce Wheels for Railway Use.Tokyo, Japan, Jan 10, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Sumitomo Metals announced January 9 tha it will increase the production capacity of its Osaka Steel Works in response to growing demand for railway wheels in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The decision follows a 600 million yen facility upgrade completed in August 2006, which raised prodution to 30,000 units per annum Per annum Yearly. , and will enable Sumitomo to achieve a productive output of 240,000 railway units per annum. Although approximately 1.5 million freight cars are in service on the railways of North America, several factors have driven up the demand for wheels both for new freight cars and for replacement of the wheels of existing freight cars. These factors include the rising price of petrol petrol: see gasoline. prompting a shift from road to rail transport, an increase in the volume of freight from Asia boosting shipments by rail, and the tightening of standards governing gov·ern v. gov·erned, gov·ern·ing, gov·erns v.tr. 1. To make and administer the public policy and affairs of; exercise sovereign authority in. 2. the replacement of wheels. Demand for wheels in North America is estimated to be in the region of 1.4 to 1.5 million units per annum. Sumitomo reports that is has been requested by major users to increase production, as manufacturers in North America are only about to supply around 1.2 million per annum. Copyright [c] 2007 Japan Corporate News Network. All rights reserved. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion