* Cronimet
Nichel Leghe Spa of Milan in Italy, which forms part of Germany’s Cronimet Group, appears set to acquire high-grade steel recycling specialist Ferinix Spa of Molteno in Italy. The takeover is subject to approval from the cartel authorities. Ferinix is a major Italian trader and recycler in the field of alloy raw materials for the high-grade steel producing industry.
www.cronimet.com
* TiTech
TiTech, a market leader in optical sorting technology, has made a long-term commitment to the UK recycling sector by purchasing Greenfield Waste Technology. With 1700 units and a presence in 35 territories worldwide, TiTech claims a 70% world market share. In the UK, 57 units are already in place across 19 sites, including ones operated by Grosvenor and Veolia.
TiTech Visionsort Ltd is based in Leicestershire and is headed by Jonathan Clarke.
www.titech.com
* Re-Manufacturing Technologies
Rutgers University, the state university of New Jersey, USA, has formed a new company – named Re-Manufacturing Technologies Inc. (RMT) – to commercialise and market a technology to create new blended polymers from recycled plastics and latex paint. The technology was developed by Rutgers’€™ Center for Advance Materials via Immiscible Polymer Processing and the National Council on Paint Disposition Inc. RMT is evaluating locations for a pilot plant.
www.paintrecycling.org
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