Select Metals invests US$2.5 million into a state-of-the-art copper granulation plant.
Singapore, 11th January 2018
Select Metals is proud to announce an investment of US$2.5 million in a state-of-the-art copper granulation plant and the formation of a new subsidiary company to specialise in the treatment of copper cable, aluminium cable and other mixed metals.
MTB Recycling in France will supply the granulator and downstream plastic separation machine and Sennebogen in Germany will supply the material handler. Located at a new 33,000 sqft warehouse facility it will be the largest of its kind in Singapore and treat material previously sold to China, before the country prohibited the importation of category 7 scrap.
"This is an exciting time for Select Metals as we diversify our business and execute the first stage of our long-term growth strategy to become a fully integrated recycler, processor and marketer of valuable raw materials" said Joshua Canning, Founder and Managing Director of Select Metals.
Operations are expected to commence in September 2018 with an initial capacity to process 5,000 metic tonne per annum.