China – Toyota Motor’s trading company Toyota Tsusho Corporation has announced that the firm is to establish an end-of-life vehicle (ELV) recycling company in China’s Sichuan Province. Plant construction will begin this spring and is planned to be completed towards the end of the year.
China’s domestic generation of ELVs is expected to expand by a factor of at least 4.5 by the year 2020. Toyota Tsusho Corporation’s new ELV recycling company is part of the attempt to streamline processing lead times.
Operating in co-operation with a Chengdu recycler and a Japanese car dismantler, Showa Metal, the recycling company will recover ferrous scrap, non-ferrous scrap and components, which will subsequently be sold nationally. Processing capacity is expected to be around 2000-3000 cars per month.
The car recycling company is set to start up with a capital fund of approximately Yen 600 million (Euro 5.9 million).