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AMI capitalises on IT recycling boom with EUR 4 million investment

AMI ceo Philip McMichael with chairman Rob Clarke

Irish IT equipment recycling company AMI is investing EUR 4 million in expanding its business in the next two years. As part of its growth strategy, the recycler is creating 30 new jobs at its operations in Dublin and Belfast.

AMI has announced it is increasing its workforce to 90 by 2021 while targeting ‘strategic acquisitions’ in the UK and Ireland. It also plans to expand its facilities in Dublin and Belfast as part of the investment. The recycler processed more than 127 840 IT assets last year.

‘A stellar year’

Demand for IT equipment recycling services increased in 2017, and again in 2018. AMI says revenues rose by more than 50% to over EUR 8 million during the last two years. The big surge in interest is was further boosted by the effects of the European Union’s GDPR data privacy laws, introduced last May.

‘AMI has had another stellar year in 2018 and we’re seeking to capitalise on our current growth with this strategic investment,’ comments chief executive Philip McMichael. ‘The requirement of organisations to show compliance with GDPR legislation by securely disposing old IT equipment is fuelling demand for our services,’ he says. ‘The additional hires, expanded premises and the development of our technology and service capabilities will all support us in meeting this increasing demand.’

Not a time to rest

Investor and newly elected chairman Rob Clarke adds: ‘AMI is a great example of an Irish business success story, establishing itself during the recession and going from strength to strength since then – creating employment opportunities in the capital and Belfast.’

He notes: ‘It is refreshing to see a company not rest on its laurels but instead pursue ambitious growth targets with a clear expansion plan in mind. In my role as chairman, I hope to use my experience to help AMI achieve these goals and to consolidate its position as the leading IT recycling company on the island of Ireland.’

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