International metals group and steel manufacturer, Liberty House Group, has launched a metal recycling business with the intention of recycling 5 million tonnes of steel per year in five years time.
The company said that its new subsidiary, Liberty Metal Recycling (LMR), is part of its GREENSTEEL vision to create a competitive and sustainable steel sector in the UK.
LMR’s first task will be to develop a network of advanced collection and processing facilities for both ferrous and non-ferrous metals across the UK, US and continental Europe.
To achieve this the new company will be led by Tom Bird, previously of SIMS and Van Dalen who will head up the UK and US parts of the new enterprise. Matthijs de Jong, formerly with Euro Scrap, TSR Recycling and the Alba Group, will lead the operation in mainland Europe.
Liberty said that it intends that the new international business to be free-standing and profitable in its own right.
The company added that its UK metal recycling business will supply the Group’s fast-growing integrated steel business in the UK, which will be based increasingly on domestic scrap, melted in electric arc furnaces and powered by renewable energy.
LMR plans to set up a processing centre at Newport, South Wales where the Group already operates a 1 million tonne a year hot strip mill and where it aims to recommence liquid steel production in the near future from recycled scrap.
In addition to Newport, the Group said that its aim in the UK is to locate recycling centres in regions of high scrap metal generation and close to Liberty’s steel melting and rolling facilities. These regions are likely to include the South East, Midlands, North East and Scotland.
Liberty said that it will simultaneously develop its recycling business in the US and on continental Europe where it has already opened a scrap collection and trans-shipment operation in Gdansk, Poland.
Within five years it is intended that the business as a whole will be recycling 5 million tonnes of metal a year in the UK alone.
Liberty House executive chairman, Sanjeev Gupta, described the launch of LMR as: “a very significant step on the journey towards the delivery of our GREENSTEEL vision.”
“The projected growth in the supply of scrap in the UK and in other developed economies over the coming years provides the basis for a strong, competitive and sustainable steel industry for the future,” he continued.
“The fact that we have recruited two of the most prominent and accomplished individuals in the global metal recycling industry shows how serious we are in delivering on this vision,” concluded Gupta.
First Integrated End-of-Life Vehicle Recycling Facility for India by 2018
Gujarat and Maharashtra have been shortlisted as potential locations for India’s first integrated End-of-Life Vehicle shredding and recycling facility.
US Appliance Recycling Firm Shifts Business Model in Face of Falling Scrap Prices
ARCA Recycling is adapting to the sharp decline in scrap metal prices by negotiating contracts with utilities and manufacturers that reflect the industry’s changing landscape.
EuRIC: Market Economy Status for China to Damage European Recycling
The European Union’s granting of Market Economy Status for China (MES) has been strongly criticized by the European Recycling Industries’ Confederation (EuRIC) today.