Author: 05 Aug 2011 Last updated at 00:00:57 GMT

India's first used cars recycling facility opens at Chennai

MUMBAI (Scrap Monster): India’s first recycling facility for used cars has opened in the southern state of Tamil Nadu, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday.

It is an attempt to recover scrap material and spur growth of the automobile industry, SIAM said in a statement.

The facility is a part of global automotive research centre of the ministry of heavy industries in Oragadum near Chennai.

This facility is estimated to recover 1.5 million tons of steel scrap, 180,000 tons of Alumminum scrap and 75,000 tons each of recoverable plastic and rubber from scrapped automobiles by the end of 2020.

Currently, used vehicles are cut and sold for scrap by low-tech units in the unorganized sector; crude techniques used by the sector are polluting the environment and recovering low yields.

The facility is expected to help in the overall growth of automobile industry.

 

METAL PRICE CHARTS

GET PRICE CHARTS

18ct Gold Scrap Price Charts

Silver Scrap Price Charts

9ct Gold Scrap Price Charts

RELATED NEWS

Baotou Steel Rare Earth to Merge with Five Smaller Firms to Establish China North Rare Earth Group

December 16th 2014 04:38 AM
Baotou Steel Rare Earth to Merge with Five Smaller Firms to Establish China North Rare Earth Group
China's leading rare earth producer Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co. (BREG) will merge with five smaller rare…

Jobs go as scrap metal dealer shuts

December 12th 2014 09:56 PM
Jobs go as scrap metal dealer shuts
A scrap metal dealer headquartered in South Yorkshire and founded in 1982 has closed its doors

Newport News man accused in scrap thefts

December 12th 2014 09:46 PM
Newport News man accused in scrap thefts
A Newport News man whom police say stole more than $1,000 worth of scrap metal from a local business is…

Japanese H2 scrap average prices see marginal rise

December 12th 2014 05:12 AM
Japanese H2 scrap average prices see marginal rise
The average price of Japanese H2 scrap was slightly up during the second week of December
Scrap Item Price Unit
6061 Extrusions 0.80 $US / Lb
Old Sheet 0.70 $US / Lb
Al/Cu Radiators 1.60 $US / Lb
Old Cast 0.71 $US / Lb
6063 Extrusions 0.82 $US / Lb
Zorba 90% NF 0.72 $US / Lb
Next Story