Precious metal recycler opens hub in Singapore

Germany’s Hensel Recycling is expanding in Asia with the establishment of Hensel Recycling Asia, based in Singapore. Production at the new location will begin in February.

The move is to further boost the company’s presence in major growth markets Southeast Asia and India. Singapore will serve as a strategic hub for Hensel Recycling’s activities in the region.

‘High quality’ 

‘Working closely with the group’s location in Malaysia, the new company will increase its proximity to customers and serve growing demand for high-quality precious metal recycling solutions in one of the world’s most dynamic growth markets,’ says Oliver Krestin, md at Hensel Recycling. ‘It will strengthens our ability to offer reliable, high-quality precious metal recycling solutions.’

Hensel Recycling Asia is led by Sivakumar ‘Siva’ Avadiar, who brings years of experience in precious metal recycling, particularly in the recycling of automotive catalytic converters.