• Sumitomo Metal Industries Ltd. and Sumitomo Corp. have agreed to acquire Steel Wheel Acquisition Corp. (SWAC), the parent of Standard Steel Inc. in the United States. The acquisition is part of Sumitomo Metal’s strategy to expand overseas and strengthen its core domestic manufacturing bases, according to the company. After the acquisition closes, the company plans to enhance its North American presence and then expand into Europe, Asia and other overseas markets. In addition, Sumitomo Metals plans to transfer technology, such as its Sumitomo Inclined Rotary Dishing pressing facility and ultra clean steel technology, to Standard Steel.
• Unitrac Railroad Materials Inc., a wholly owned subsidiary of Healey Railroad, has obtained a $6.7 million contract in South Dakota to supply 25 miles of rail and other track components for the reconstruction of a Mitchell-to-Rapid City line, which is owned by the state and operated by Dakota Southern Railroad.
• Aconex has obtained a contract to manage communication and documentation for the Regional Rail Link project in Victoria, Australia. During the design and construction phase, Aconex will enable the project’s contractors to “access, distribute, track and archive information in real time, using one central system,” Aconex officials said in a prepared statement.
• Railserve Marketing Director Mark Bradshaw has received the Lifetime Achievement Award from the North American Rail Shippers Association and the Person of the Year Award from the Southeast Association of Rail Shippers. Bradshaw joined Railserve in 1999 and has 23 years of experience in the paper industry. In addition, he has held positions in transportation operations, railroad track maintenance and sales and corporate purchasing.