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‘Considerable work’ ahead for EWSI

China – Electronic waste recycler E-Waste Systems Inc. (EWSI) has signed a US$ 30 million contract with its Asian investment partner Tanke Incorporated to ensure future expansion and revenue growth in the Chinese market.

Tanke was instrumental in helping EWSI to launch its business in China last year and the company is now ′dramatically expanding′ the joint commitment for this new year, comments EWSI′s founder and ceo Martin Nielson. ′Tanke continues to play a key role in our expansion efforts in a part of the world that is fast becoming the global leader in e-waste generation and processing,′ he adds.

Citing recent forecasts, some 65 million tonnes of e-scrap will be generated worldwide by 2017, he notes. E-scrap has evolved into the quickest-growing stream today, with the USA producing some 9.5 million tonnes in 2012, closely followed by China on 7.25 million tonnes. Owing to the volume growth in China, there is ′considerable work required′ to build the proper infrastructure to manage it, Nielson points out.

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