New Iron Scrap Processing Company Established in UK
2008-05-28
Toyota Tsusho Corporation (hereinafter referred to as "Toyota Tsusho"; Headquarters: Nagoya City; President: Junzo Shimizu) established "Green Metals UK Ltd.", a joint venture with Toyota Tsusho U.K. Ltd., (hereinafter referred to as "TTUK"; Headquarters: London, U.K.; President: Hiroki Sawayama) at Burnaston in the U.K., with the commencement of operations scheduled for early 2009.
1. Background
The new company was established to meet anticipated increases in demand for the processing of scrap iron generated by automobile manufacturers making advances in the region. In April 2000, Toyota Tsusho established Green Metals Inc., a directly managed recycling business for scrap iron generated by manufacturing plants, in the state of Kentucky in the United States, creating a business model supported by improved logistics and environmental strategies.
Based on this practical example in the United States, Toyota Tsusho has been advancing its global development and currently has 15 recycling plants in operation around the world.
With the establishment of a new directly managed joint venture recycling plant, Toyota Tsusho intends to conduct an environmentally considerate recycling business with the handling of scrap iron as its focus.
2. Outline of the new company
Company name: Green Metals UK Ltd.
Company location: 5th Floor, 63 Queen Victoria Street,
(Registered address) London, U.K.
(Recycling plant)
Burnaston, Derbyshire, UK.
Date of establishment: January 25, 2008
Capital: GBP 2 million (approx. JPY 410 million)
Controlling shares: TTUK 60%, Toyota Tsusho 40%
Business lines: Handling, processing, transportation, and
sales of metal scrap and industrial
waste products
Number of employees: 38 persons
Principal equipment: Bailers
press release (original)(36KB)
Back to Index Page
Japanese
