Page 13 from: October 2007
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* Cronimet
Nichel Leghe Spa of Milan in Italy, which forms part of Germany’s
Cronimet Group, appears set to acquire high-grade steel recycling special-
ist Ferinix Spa of Molteno in Italy. The takeover is subject to approval
from the cartel authorities. Ferinix is a major Italian trader and recycler in
the field of alloy raw materials for the high-grade steel producing industry.
www.cronimet.com
* TiTech
TiTech, a market leader in optical sorting technology, has made a long-
term commitment to the UK recycling sector by purchasing Greenfield Waste
Technology. With 1700 units and a presence in 35 territories worldwide,
TiTech claims a 70% world market share. In the UK, 57 units are already in
place across 19 sites, including ones operated by Grosvenor and Veolia.
TiTech Visionsort Ltd is based in Leicestershire and is headed by
Jonathan Clarke.
www.titech.com
* Re-Manufacturing Technologies
Rutgers University, the state university of New Jersey, USA, has
formed a new company – named Re-Manufacturing Technologies Inc.
(RMT) – to commercialise and market a technology to create new blended
polymers from recycled plastics and latex paint. The technology was
developed by Rutgers’ Center for Advance Materials via Immiscible
Polymer Processing and the National Council on Paint Disposition Inc.
RMT is evaluating locations for a pilot plant.
www.paintrecycling.org
Business News
Russia’s steel scrap
trade urges VAT abolition
Representatives of the Recycling
Materials Association (RMA), which
groups together 28 Russian scrap
processors, is claiming that the
removal of 18% VAT on steel scrap
would encourage more investment in
a sector where law-abiding merchants
are struggling to turn a profit, accord-
ing to the Reuters news agency.
From January 1 next year, VAT
obligations will be removed for
Russia’s non-ferrous-scrap proces-
sors, but tax regulations are set to
remain in place for the country’s
5000 steel scrap enterprises.
The country, a net steel scrap
exporter, is consuming larger
amounts domestically as the boom-
ing construction sector demands
more steel; steel scrap demand rose
last year to 19.8 million tonnes from
17.3 million tonnes in 2005.
The RMA says that, on an annual
basis, the government receives US$
235 million in VAT payments from
the steel scrap sector and yet reim-
burses US$ 1.15 billion – leaving
US$ 915 million unaccounted for.
According to industry officials,
fraudulent traders claim back the
tax without having paid VAT on
exports. For domestic sales, they
receive a premium from buyers to
cover VAT but fail to declare this to
the authorities.
According to the RMA’s Executive
Director Filipp Monosov, merchants
paying VAT cannot compete with
those who do not. ‘Those who do hon-
est business work on a completely
different level,’ he is reported to
have said. Association member
Vladislav Osmolovsky adds: ‘If you
give people the choice to steal or not
to steal, there will always be a per-
centage who will not pay VAT.’
Henk van Doorn passed away
after a long illness on August 27,
his 67th birthday. Many in the
recycling industry would have
known Henk van Doorn, either as
owner and CEO of Dutch recycling
machinery manufacturer Maat –
schappij Bronne berg Helmond
(MBH) or as International Sales
Manager of Spanish shear and
baler manufacturer Industrial
Hidráulicas ‘Moros’.
Personally, I met Henk on
nume rous occasions at conven-
tions and trade shows; and I had
the real pleasure of accompanying
him on several business trips to
recycling companies in, among
other countries, Canada and
Spain.
Henk van Doorn will be
remembered by his many friends
and colleagues in the industry as
a warm-hearted man who had a
vast knowledge of the metals
recycling business.
Manfred Beck
Editor, Recycling International
Henk van Doorn
RI_006 NEWS:Opmaak 1 05-09-2007 16:21 Pagina 13
