Axion Closes on $7.6M

Axion International, which is traded on the over-the-counter Bulletin Board, has raised $7.6 million from undisclosed investors. The financing closed on April 21. Axion is a producer of industrial building products and railroad ties made from 100% recycled plastic. The financing is aimed at continued growth of the company’s Recycled Structural Composite technology, the company said in a statement.

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