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: 国产真实乱子伦精品视手机观看 | 久草在线视频资源 | 国产成人a一区二区 | 亚洲高清免费视频 | 日本国产最新一区二区三区 | 亚洲免费网站观看视频 | 一区视频在线播放 | 特毛片| 米奇精品一区二区三区 | 国产欧美成人免费观看 | 久久久在线视频精品免费观看 | 男女男在线精品网站免费观看 | 欧美99视频 | 青青草国产一区二区三区 | 国产精品午夜性视频 | 亚洲三级在线免费观看 | 超级乱淫视频aⅴ播放视频 超级碰碰碰在线观看 | 深夜福利视频在线观看免费播放 | 欧美在线做爰高清视频 | 国产粗大猛烈18p | 草草影院地址 | 伊人五月天婷婷琪琪综合 | 欧美高清在线视频在线99精品 | 男人女人做性全程视视频 | 国产第一区二区三区在线观看 | 日韩专区欧美 | 成人禁在线观看午夜亚洲 | 日韩一区国产二区欧美三区 | freex性日韩 free性chinese国语对白 | 成人午夜亚洲影视在线观看 | 亚洲图片一区二区 | www.黄色com | 久久草在线视频免费 | 日本三级成人中文字幕乱码 | 日韩美毛片 | 亚洲美女黄视频 | 欧美国产成人精品一区二区三区 | 韩国主播19福利视频在线 | 日本一区二区三区四区不卡 | 欧美中文一区 | 九草网|