Sumitomo Corporation Invests in GreenTek Solutions for IT Equipment Reuse and Recycling
Sumitomo Corporation and its U.S.-based subsidiary have invested in GreenTek Solutions, a Texas-based company specializing in IT equipment reuse and recycling. This move allows Sumitomo to enter the growing IT Asset Disposition (ITAD) market driven by increased demand for data center infrastructure due to AI and cloud computing adoption.
Tickers: $SUMA
Topics: data center equipment reuse ITAD resource circulation sustainability