Alumisel Invests 5.5 Million Euro to Build Metals Recycling Plant in Spain

Metals recycler Alumisel, based in Galicia, Spain, has invested €5.5 million (nearly $7 million) to build a metal recycling plant in Galicia with an automatic classification line. 

 

The new plant will be in the municipality of O Porriño and will be annexed to the company’s current facilities. Alumisel says the new plant, expected to be operational in September, will have advanced technologies for the treatment of metallic waste materials. The investment increases the company’s capacity by 70 percent, the company says, and also offers qualitative improvements in metals classification. 

 

“It is a strategic investment for the company which will make it possible to open to new niche markets, allowing us to offer a material ready to use directly to the final client,” says Manuel Nogueira, general director of Alumisel. 

 

The company had 2011 sales of €96.5 million, an 11 percent increase from 2010. 

 

“The slight increase of the metal prices in the international stock markets, together with the bigger volume of nonferrous metals treated, resulted in the growth,” remarks Fernando Lodeiro, financial director of Alumisel. “In 2011 we modified the productive process, adding a bigger value to our products, which also contributes to this increase in turnover (sales).”