Alter Trading Corp. has signed a definitive agreement to purchase a new scrap metal shredder which will be installed later this year at Alter's facility in Waterloo, Iowa. The shredder installation is part of Alter's planned $5 million expansion of its Waterloo location.
"This expansion reflects Alter's continuing commitment to significantly invest in its operations, in its employees, and in the communities in which we operate," says Robert Goldstein, Alter's president and CEO. According to Steve Pleis, general manager for Alter's Waterloo facility, "This new, state-of-the-art equipment will improve the product quality, the environmental efficiency, and the overall performance of our Waterloo operations."
Alter trading is a recycling operation with 16 processing facilities and 5 trading offices located in seven states throughout the upper Midwest. All 16 processing facilities are ISO 9001 certified.
The new shredder will be delivered to Alter by this September, with final installation expected to be completed in November.