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AIM to operate new shredder in Canada

Archiv – Canada | Canada-based scrap metal company American Iron & Metal plans to invest US$ 30 million at its New Brunswick facility. A new Wendt metal shredder will establish the plant as a new regional hub for processing metals drawn from throughout Atlantic Canada and north eastern USA.
Canada | Canada-based scrap metal company American Iron & Metal plans to invest US$ 30 million at its New Brunswick facility. A new Wendt metal shredder will establish the plant as a new regional hub for processing metals drawn from throughout Atlantic Canada and north eastern USA.
The main source of raw material will be cars crushed off site and delivered to the terminal, while ferrous metals will also be received from local scrap dealers. Shredded ferrous and non-ferrous scrap will be loaded on to ships and sold around the world.
Upon receiving necessary permits, the project could break ground by the end of 2010 and be operational by next spring. The proposed facility will be capable of processing up to 250 000 tonnes of scrap metal per year. The expansion will add 23 direct jobs and 20 spin-off jobs, according to AIM.
From its main site in Montreal where 1400 tonnes is shredded each day, the company oversees operations in Quebec, Ontario, New Brunswick, Nova Scotia, Manitoba, Ohio, Rhode Island, Mexico and China. The company, which also has sales agents in Australia, India, the Middle East and throughout Europe, sold nearly 1.5 million net tonnes of ferrous material in 2008.

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