Schnitzer Steel Industries, Portland, Ore., has signed a purchase agreement for a 14-acre parcel of land at Rhode Island Resource Recovery’s Lakeside Commerce Center in Johnson, R.I., where the company will establish an auto recycling facility.
Schnitzer will invest $5 million to build the automobile recycling facility, which will operate under the name Pick-N-Pull. The facility, which the company says it expects to be fully operational by the first half of 2014, will be able to accommodate up to 600 automobiles at once. The company also says the facility likely will create 25 new jobs.
Schnitzer’s Pick-N-Pull operates 61 facilities throughout the country. The division also recently acquired three auto recycling locations in the New England area.
When the automobiles have been stripped of their valuable parts, the auto hulks will be shipped to Schnitzer’s auto shredder, also located in Johnston, where they will be shredded.