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ALBA Group sells German scrap metal center

ALBA Группа продает немецкий центр металлолома
ALBA The Berlin-headquartered group specializing in technical innovation and the operation of state-of-the-art recycling plants has sold its scrap recycling facility in Aschaffenburg, Germany.

The center was transferred to the metal processing group Bernhard Westarp GmbH & Co. The deal was completed in January 2015. ALBA said the sale is part of the company's strategic redevelopment plans. The Aschaffenburg facility is capable of processing approximately 30,000 tonnes of scrap metal per year, but last year the facility was established and used to buy and sell scrap metal.

Axel Schweitzer, CEO of the Alba Group, said the company's mission is to drive the planned strategic realignment of its product and service offering. “This includes further increases in the cost of recycled metal yields, as well as strengthening our influence in sectors where we extract new raw materials, as well as technology innovation in waste management, including metal recycling activities,” he said.

ALBA Group is one of the leading recycling and related environmental services companies, as well as a supplier of raw materials and supplies worldwide. With two brands - ALBA and Interseroh - the ALBA Group operates in Germany, Europe, USA and Asia. The group has an annual turnover of around 260 million euros and more than 8,000 employees, including minority shareholders.


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