Itochu unveils integrated operation in China

Japan / China – Japan’s multi-disciplinary Itochu corporation has broken ground on an integrated recycling operation in China.

Dalian New Green Recycle & Resources Corporation will handle the recycling of ferrous and non-ferrous scrap, consumer electronics/home appliances and also plastics at the Dalian Changxing Island Harbor Industrial Zone, located in the north west of the city of Dalian. Major Japanese recycler Suzuki Shokai will head up the steel and non-ferrous scrap operation.

The only recycling company licensed by the Chinese government within the industrial zone, Dalian New Green is planning to install one of the most sophisticated facilities in the world employing advanced environmental technologies from Japan. Scrap processing is expected to commence in 2012, with all plants – including those for appliances and plastics – scheduled to start up by 2015. The annual sales target is around Yen 20 billion by 2014.