久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Companies

Recycled metals outshine miners

(China Daily) Updated: 2016-10-24 11:30

Recycled metals outshine miners

A worker dismantles a scrapped car at an auto recycling station in Dongying, Shandong province. [Photo by Chen Ning/For China Daily]

China is on the cusp of a scrap wave that will return metal from aging cars and expired fridges to the supply chain in a growing threat to mining companies, according to Chiho-Tiande Group Ltd, a top recycler, which is taking over one of the biggest and oldest names in Europe's scrap business.

The firm is acquiring Scholz Holding GmbH, a 144-year-old German company, in a deal that will expand its procurement channels in Europe, and provide the technical expertise to process an expected surge of scrap in China.

After 30 years of industrialization, the country's pool of metal goods will start being recycled in substantial volumes in about two years' time, beginning with cars, Chief Investment Officer Goh Kian Guan said in an interview in Shanghai.

"There is so much material in the economy, in buildings, in cars, in fridges, and once these things start to come back to the market, what will happen to the miners?" Goh said last week. "At some point in time, this thing will explode and there will not be enough capacity to process all the material. We see that probably coming from 2018 and that's why we're positioning ourselves."

Chiho-Tiande, based in Hong Kong, calls itself the biggest mixed-metal scrap handler in China. Goh said its facility in the east imports and recycles about half the electric motors reprocessed globally. These are worked into batches of copper, steel and aluminum that can again be turned into metal products.

The purchase of a European group with 300 locations and revenues of 2.3 billion euros ($2.6 billion) last year is a "revolution" for the firm, according to Goh.

The company hopes that taking over a firm that ships European scrap to China will capture better margins. It's also buying know-how, Goh said. "A lot of equipment we could buy off the shelf, but you still need to have technical expertise and that exists within the company and its engineers," he said.

Scholz is able to retrieve as much as 97 percent of metal in cars, he said.

The firm will pay 236 million euros for Scholz's senior debt at a discount, plus a nominal one euro for the equity, Goh said.

The transaction will go ahead after a meeting of Chiho's shareholders before the end of this year. Chiho is 62-percent owned by USUM Investment Group, a private equity group based in Chongqing, China.

BLOOMBERG

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日本精品高清一区二区2021 | 97国产精品欧美一区二区三区 | 亚洲最大黄网 | 日本视频三区 | 美女视频大全视频a免费九 美女视频大全网站免费 | 国产亚洲一区二区三区在线观看 | 亚洲m男在线中文字幕 | 国产成人亚洲综合无 | 亚洲日本视频在线观看 | 美女黄色一级毛片 | www.xxx.国产| 天堂一区二区三区在线观看 | 日本欧美一区二区三区片 | 一级在线 | 欧洲 | japanese乱子另类 | 激情五月色播五月 | 国产一区二区三区国产精品 | 免费a级毛片视频 | 6080伦理久久亚洲精品 | 成年男女拍拍拍免费视频 | 国产99久9在线视频 国产99久久 | 久久免费毛片 | 91亚洲国产成人久久精品网站 | 美女被免费视频的网站 | 国产成人一区二区三区视频免费 | 久久国产精彩视频 | 亚洲成aⅴ人片在线观 | 欧美成a人片在线观看久 | 久久国产免费 | 亚洲一区欧美一区 | 国产精品亚洲专一区二区三区 | 久久精品视频免费在线观看 | 国产欧美精品区一区二区三区 | 91精品欧美一区二区三区 | 欧美成人性色xxxxx视频大 | 怡红院日本一道日本久久 | 国产精品久久久久久久久久影院 | 亚洲欧美在线视频 | 欧美日韩精品一区三区 | 九九在线观看视频 | 三级网站视频在线观看 |