About Standard Steel
Standard Steel is a company based in Lewistown (United States) founded in 1991 was acquired by Sumitomo Metal Mining in June 2011.. The company has 481 employees as of December 31, 2020. Standard Steel offers products and services including Forged Wheels and Forged Axles.
- Headquarter Lewistown, United States
- Employees 481 as on 31 Dec, 2020
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Phone
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Website
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Social
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- Legal Name Standard Steel, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$140 M (USD), Debt – Conventional
Apr 01, 2010
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Investors
Sumitomo Corporation
& 1 more
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Employee Count
481
as on Dec 31, 2020
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Acquired by
Sumitomo Metal Mining
(Jun 27, 2011)
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Products & Services of Standard Steel
Standard Steel offers a comprehensive portfolio of products and services, including Forged Wheels and Forged Axles. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Forged wheels are produced through heating, treating, and machining processes at the facility.
Forged axles are created by hammering ingots into shape, followed by cutting, treating, and machining.
Funding Insights of Standard Steel
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $140.0M
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First Round
First Round
(01 Apr 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2010 | Amount | Debt – Conventional - Standard Steel | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Standard Steel
Standard Steel has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Sumitomo Corporation and Sumitomo Metal Mining. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified conglomerate operating across multiple industries
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Founded Year | Domain | Location | |
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Nonferrous metals are mined and smelted, with electronic materials manufactured.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Standard Steel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Standard Steel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Standard Steel Comparisons
Competitors of Standard Steel
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Standard Steel
When was Standard Steel founded?
Standard Steel was founded in 1991 and raised its 1st funding round 19 years after it was founded.
Where is Standard Steel located?
Standard Steel is headquartered in Lewistown, United States. It is registered at Lewistown, Montana, United States.
Who is the current CEO of Standard Steel?
Yoshiro Hori is the current CEO of Standard Steel.
How many employees does Standard Steel have?
As of Dec 31, 2020, the latest employee count at Standard Steel is 481.
What does Standard Steel do?
Standard Steel was founded in 1991 and is headquartered in Lewistown, United States. Forged steel wheels and axles are produced for freight and passenger railcars, as well as locomotives. Operations are centered on the rail transportation sector, with manufacturing processes tailored to meet industry standards for durability and performance. The company serves North American rail networks through its specialized components.
What products or services does Standard Steel offer?
Standard Steel offers Forged Wheels and Forged Axles.
Who are Standard Steel's investors?
Standard Steel has 2 investors. Key investors include Sumitomo Corporation, and Sumitomo Metal Mining.