Loading prices...

Register/Sign in
ScrapMonster
Metal Recycling News June 22, 2022 02:00:38 PM

Metal Recycler Aims Significant Expansion in the U.S.

Paul Ploumis
ScrapMonster Author
The automotive shredder will be capable of processing cars, household appliances, and industrial products.

Metal Recycler Aims Significant Expansion in the U.S.

SEATTLE (Scrap Monster): Virginia, U.S.-headquartered Greenwave Technology Solutions, Inc. announced that its second automotive shredder and downstream system will become operational during the third quarter of the current year.

ALSO READ:

MetalX Announced Acquisition of Aluminum Recycler

U.S. Metal Recycler Recorded Robust Q1 Profits

The automotive shredder will be capable of processing cars, household appliances, and industrial products. The downstream system will result in increased recovery yields of copper, aluminum, brass, steel, and other metals. The shredder and downstream system will become online in the summer and fall of 2022 respectively. Consequently, the company will double its processing capacity and deliver boosted profit margins.

Danny Meeks, Chief Executive Officer, Greenwave noted that the company has made significant investments in its infrastructure this year, in terms of organic growth and also through potential acquisition of independent, profitable facilities, thereby expanding the capacity of its portfolio of scrap metal yards. Greenwave is positioned to generate positive operating cashflows and revenue growth, Meeks added.

The company, through its subsidiary, Empire Services, Inc., runs a total of 11 metal recycling facilities in Virginia and North Carolina. These facilities collects, classifies and processes ferrous as well as nonferrous scrap metals.

How to Recycle

Responsible Ways to Get Rid of Your Old Grill

Responsible Ways to Get Rid of Your Old Grill

Check out this post to learn about some effective approaches to safely dispose of a grill. Let's explore the various options available.
How to Dispose of Carpet

How to Dispose of Carpet

How to dispose of old carpets? Proper disposal is crucial for several reasons, mainly health and environmental concerns.
How to Dispose of Lithium Batteries

How to Dispose of Lithium Batteries

Proper care should be taken regarding the battery disposal. Read this post to get an idea on how to dispose of lithium batteries.
powered by RecyclingMonster
×

Quick Search

Advanced Search