Alter Trading to invest in separation plant

Alter Trading has announced it has broken ground on a new production facility in Davenport, Iowa, designed to upgrade shredded nonferrous metals.

The St. Louis-based scrap company says its Advanced Technology Processing (ATP) plant is a “media-based separation system [that will be] of sufficient scale to process the volume of material produced by the company’s three nonferrous recovery facilities.”

The ATP facility is expected to be operational by the end of October 2015, according to an Alter press release.

“The ATP plant represents the next important step in our investment strategy, which is to expand our internal capacity and capabilities,” says Jay Robinovitz, Alter president and chief operating officer. “Operating 55 facilities, which include 12 shredders, requires that we extract the highest value from all of the metals intrinsic to the commodities we process. This is especially important as we continue to expand our business.”

Alter says the ATP plant will provide the company with “the flexibility to adapt to changes in our consumers’ product needs, quality requirements, and to react to the increasingly dynamic and challenging scrap metal environment.”

Robert Goldstein, Alter chairman and CEO, says, “Investing in the future is the driving force behind our philosophy here at Alter. This is another example of executing to a strategy that will continue to make us a leader in our industry.”