Denmark / Germany – Leading German metals recycler TSR and two partners have formed a new enterprise in Denmark called TSR Danmark ApS.
The venture will act as a trading company through which TSR plans to increase its volumes from Denmark and Scandinavia.
TSR holds an 80% stake in the new venture. The remaining shares are split equally between the enterprise’s Managing Director Torben Smedegaard and its Director Flemming Bo Nielsen; the two have many years’ experience of trading scrap, building extensive customer relationships in the Danish and international scrap markets in both the ferrous and non-ferrous scrap sectors.
With 130 branches throughout Europe and around 2000 employees, the TSR group generates annual sales of over Euro 2 billion and trades in excess of 7 million tonnes of scrap a year.
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