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Umicore to upgrade precious metals plant

Belgium – Belgium’s material technology group Umicore is to invest another Euro 100 million in its advanced precious metals recycling plant at Hoboken, thereby boosting capacity by approximately 40%.

According to Umicore, this major financial injection will allow the facility’s smelter and blast furnace to be updated to treat 500 000 tonnes of material per year. A further expansion of the Hoboken plant might follow after 2015, it adds.

In order to maintain long-term growth, Umicore says it will dedicate itself to research into opportunities and technological developments related to the worldwide battery market.

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