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

9ct Gold Scrap Price Charts

14ct Gold Scrap Price Charts

22ct Gold Scrap Price Charts

RELATED NEWS

Canadian scrap metal firm vows to use renewable energy at yards

March 26th 2015 08:25 AM
Canadian scrap metal firm vows to use renewable energy at yards
The Mississauga, Ontario-head quartered Peel Scrap Metal Recycling Ltd has entered into contract with clean, pollution-free energy provider

US scrap plastic export volumes see strong gains in 2014

March 26th 2015 08:33 AM
US scrap plastic export volumes see strong gains in 2014
The scrap plastics export volume by the US gained significantly during the entire year 2014 over the previous year

US H1 scrap average prices remain unchanged

March 26th 2015 08:35 AM
US H1 scrap average prices remain unchanged
The US H1 scrap price average prices were at $236.83 per long ton, as on 23rd March, 2015

Atlanta Watershed Management employees arrested for scrap metal theft

March 24th 2015 09:08 AM
Atlanta Watershed Management employees arrested for scrap metal theft
Two Watershed Management workers were arrested by Atlanta Police for stealing brass parts, copper parts and residential meters
Scrap Item Price Unit
Old Sheet 0.57 $US / Lb
Al/Cu Radiators 1.31 $US / Lb
Old Cast 0.58 $US / Lb
6063 Extrusions 0.80 $US / Lb
Zorba 90% NF 0.65 $US / Lb
6061 Extrusions 0.72 $US / Lb
Next Story