Strategic Investment in Evertrak, a North American Composite Railroad Tie Manufacturer
Sumitomo has announced a strategic investment in Evertrak, a U.S.-based manufacturer of composite railroad ties for the North American railroad industry. The partnership aims to build sustainable railroad infrastructure using ties made from recycled plastics.
Evertrak's flagship product, the Evertrak 7000, offers a lifespan exceeding 50 years in High Decay Zones, compared to 8-12 years for traditional wood ties. The North American market presents significant opportunities, with an annual replacement demand of approximately 20 million ties, including 6 million in High Decay Zones.
Founded in 2017 and based in St. Louis, Missouri, Evertrak has successfully developed cost-competitive composite ties that are being adopted by Class 1 railroads. The ties are 100% recyclable and offer superior environmental performance and long-term cost savings.
Sumitomo ha annunciato un investimento strategico in Evertrak, un produttore statunitense di traverse ferroviarie in composito per l'industria ferroviaria nordamericana. La partnership mira a costruire infrastrutture ferroviarie sostenibili utilizzando traverse realizzate con plastica riciclata.
Il prodotto di punta di Evertrak, il Evertrak 7000, offre una durata superiore ai 50 anni in Zone ad Alta Decomposizione, rispetto ai 8-12 anni delle tradizionali traverse in legno. Il mercato nordamericano presenta notevoli opportunità, con una domanda annuale di sostituzione di circa 20 milioni di traverse, di cui 6 milioni in Zone ad Alta Decomposizione.
Fondata nel 2017 e con sede a St. Louis, Missouri, Evertrak ha sviluppato con successo traverse compositiche competitive in termini di costo, che vengono adottate dalle ferrovie di Classe 1. Le traverse sono riciclabili al 100% e offrono prestazioni ambientali superiori e risparmi sui costi a lungo termine.
Sumitomo ha anunciado una inversión estratégica en Evertrak, un fabricante estadounidense de traviesas ferroviarias compuestas para la industria ferroviaria de América del Norte. La asociación tiene como objetivo construir una infraestructura ferroviaria sostenible utilizando traviesas hechas de plásticos reciclados.
El producto estrella de Evertrak, el Evertrak 7000, ofrece una vida útil que supera los 50 años en Zonas de Alta Degradación, en comparación con los 8-12 años de las traviesas de madera tradicionales. El mercado norteamericano presenta oportunidades significativas, con una demanda de reemplazo anual de aproximadamente 20 millones de traviesas, incluidas 6 millones en Zonas de Alta Degradación.
Fundada en 2017 y con sede en St. Louis, Missouri, Evertrak ha desarrollado con éxito traviesas compuestas competitivas en costo que están siendo adoptadas por los ferrocarriles de Clase 1. Las traviesas son 100% reciclables y ofrecen un rendimiento ambiental superior y ahorros de costos a largo plazo.
스미토모는 북미 철도 산업을 위한 복합재 철도 기차목을 제조하는 미국 기반의 회사인 에버트랙에 전략적 투자를 발표했습니다. 이 파트너십은 재활용된 플라스틱으로 만든 기차목을 사용하여 지속 가능한 철도 인프라를 구축하는 것을 목표로 합니다.
에버트랙의 주력 제품인 에버트랙 7000은 높은 부패 지역에서 50년 이상의 수명을 제공하며, 전통적인 목재 기차목은 8-12년입니다. 북미 시장은 연간 약 2,000만 개의 기차목 교체 수요가 있으며, 이 중 600만 개가 높은 부패 지역에 해당합니다.
2017년에 설립되어 미주리주 세인트루이스에 본사를 둔 에버트랙은 1급 철도에서 채택되고 있는 비용 경쟁력 있는 복합재 기차목을 성공적으로 개발했습니다. 기차목은 100% 재활용 가능하며, 환경 성능이 우수하고 장기적인 비용 절감 효과를 제공합니다.
Sumitomo a annoncé un investissement stratégique dans Evertrak, un fabricant américain de traverses ferroviaires en composite pour l'industrie ferroviaire nord-américaine. Ce partenariat vise à construire une infrastructure ferroviaire durable en utilisant des traverses fabriquées à partir de plastiques recyclés.
Le produit phare d'Evertrak, le Evertrak 7000, offre une durée de vie dépassant 50 ans dans les Zones à Haute Décomposition, contre 8 à 12 ans pour les traverses en bois traditionnelles. Le marché nord-américain présente d'importantes opportunités, avec une demande de remplacement annuelle d'environ 20 millions de traverses, dont 6 millions dans les Zones à Haute Décomposition.
Fondée en 2017 et basée à St. Louis, Missouri, Evertrak a réussi à développer des traverses composites compétitives en matière de coûts, qui sont adoptées par les chemins de fer de Classe 1. Les traverses sont 100 % recyclables et offrent des performances environnementales supérieures ainsi que des économies de coûts à long terme.
Sumitomo hat eine strategische Investition in Evertrak, einen in den USA ansässigen Hersteller von Verbundstoff-Schwellen für die nordamerikanische Bahnindustrie, angekündigt. Die Partnerschaft zielt darauf ab, nachhaltige Schieneninfrastruktur mit aus recyceltem Kunststoff hergestellten Schwellen aufzubauen.
Das Flaggschiff-Produkt von Evertrak, die Evertrak 7000, hat eine Lebensdauer von über 50 Jahren in Hochverrottungszonen, im Vergleich zu 8-12 Jahren für traditionelle Holzschwellen. Der nordamerikanische Markt bietet erhebliche Chancen mit einer jährlichen Austausch Nachfrage von etwa 20 Millionen Schwellen, einschließlich 6 Millionen in Hochverrottungszonen.
Gegründet im Jahr 2017 und mit Sitz in St. Louis, Missouri, hat Evertrak erfolgreich kostengünstige Verbundschwellen entwickelt, die von Class-1-Eisenbahnen übernommen werden. Die Schwellen sind zu 100 % recycelbar und bieten überlegene Umweltleistung sowie langfristige Kosteneinsparungen.
- Evertrak 7000 offers 4-6x longer lifespan (50+ years vs 8-12 years) compared to wood ties
- Large market opportunity with 20 million annual tie replacement demand
- Product already adopted by major Class 1 railroads
- 100% recyclable product aligning with environmental sustainability trends
- None.
Partnership to Support Building a Sustainable Railroad Infrastructure with
Composite Railroad Ties Made from Recycled Plastics
Sustainable Solution Initiatives in the North American Railroad Industry
In High Decay Zones, primarily located in the southeastern
Market Overview: North American Railroad and Composite Ties
- Railroad ties replacement demand: ~20 million ties annually
- Composite tie opportunity: ~6 million ties annually (High Decay Zone)
Evertrak: Pioneering Durable and Sustainable Composite Tie Solutions
Founded in 2017 and headquartered in
Established Initiatives in the North American Railroad Industry and the Background of the Investment
Sumitomo Corporation Group, primarily through its Steel Group, has been instrumental in supporting North American freight railroad infrastructure by exporting rails from
Future developments
North American freight railroad is one of the environmentally friendly transportation modes, with low CO2 emissions and the ability to handle long-distance, large-scale transport. Sumitomo Corporation Group is committed to contributing to the development of sustainable railroad infrastructure in the North American railroad industry, the world's largest railroad freight market, through the provision of railroad products and other solutions.
＜Reference Information＞
Overview of Evertrak | |
Company Name | Evertrak |
Established | :017 |
CEO / Founder | Tim Noonan |
Headquarters | |
Manufacturing Facilities | 1 ( |
Business | Manufacture and sale of composite railroad ties |
Website |
(*1) Primarily manufactured from recycled plastics and fiberglass, these ties are recyclable at the end of their lifecycle, providing a sustainable alternative to wood railroad ties.
(*2) In the North American railroad industry, Class 1 refers to the seven major freight railroad companies operating in
About Sumitomo Corporation
Sumitomo Corporation (TYO: 8053) is an integrated trading company with a strong global network comprising 128 offices in 66 countries and regions. The Sumitomo Corporation Group consists of approximately 900 companies and 80,000 employees on a consolidated basis. The Group's business activities are spread across the following nine groups: Steel, Automotive, Transportation & Construction Systems, Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater value for society under the corporate message of "Enriching lives and the world," based on Sumitomo's business philosophy passed down for over 400 years.
About Sumitomo Corporation of Americas
Sumitomo Corporation of Americas is the largest subsidiary of Sumitomo Corporation, an integrated trading company with a strong global network comprising 128 offices in 66 countries and regions. The Sumitomo Corporation Group consists of approximately 900 companies and nearly 80,000 employees on a consolidated basis. The Group's business activities are spread across the following nine groups: Steel, Automotive, Transportation & Construction Systems, Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater value for society under the corporate message of "Enriching lives and the world," based on Sumitomo's business philosophy passed down for over 400 years. For more information, please refer to our website at www.sumitomocorp.com.
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SOURCE Sumitomo Corporation of Americas
FAQ
What is the market size for railroad tie replacement in North America that SSUMY is targeting?
How much longer do Evertrak's composite ties last compared to traditional wood ties?
What are the environmental benefits of SSUMY's investment in Evertrak's composite ties?
Which major customers are already using Evertrak's composite railroad ties?
