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Major step forward for Dutch recycler Riwald

The Netherlands – With the take-over of Koster Metal Recycling of Beverwijk in the Netherlands, metal scrap processor and trader Riwald of Almelo claims to have more than doubled its turnover and finds itself now among the country’s top five scrap metal companies. The deal includes a private wharf for sea vessels, with the furnaces of Tata Steel located nearby.

‘The acquisition dramatically boosts our ability to deliver directly to steel and aluminium producers in Morocco, Greece, Turkey and India, without being too dependent on third-party traders and brokers,’ the company’s managing director Ewald Huzink has explained to local media.

The former family-owned Koster business will trade under the name Riwald Recycling Beverwijk, although a portion of its activities will be halted. According to the new management team, half of the 28-strong workforce at Beverwijk will lose their jobs.

Koster ran into financial difficulties in 2015, partly caused by the slump in the global scrap metal markets. Huzink estimates that the turnover of the Almelo-based operations has dropped by 30%. ‘It is with us as in many other industries: the margins are under pressure and you have to do more for less,’ he says. ‘This works better when you scale up your business.’

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