Geo JS Tech Group buys Green Fence Recycling Corp.

Mining company has expanded its business operations to include recycling of scrap metals and plastics.


Geo JS Tech Group, Houston, has announced it has acquired Green Fence Recycling and Florence Development LLC as part of its business expansion to include recycling of scrap metals and plastics. The purchase agreement includes recycling processing systems in polyethylene terephthalate (PET) bottles and lithium batteries.

“This agreement allows us to immediately expand operations into recycling,” says Edward Mui, CEO of Geo JS Tech Group. “The processing system, customers and a management team with 25 years of experience in recycling processing will be a great jump start for our 2018 business goals.”

Established in 2014, Green Fence Recycling offers sorting, shredding and cleaning services for the plastics recycling industry. The company announced in January 2016 that it was establishing operations in Marion County, according to a news release issued by the South Carolina Department of Commerce. The company announced it was investing $2.5 million in the facility and creating 40 new jobs in Mullins, South Carolina, over the next five years. As the company’s headquarters, the Marion County facility served the U.S. and China markets, focusing on the processing of mixed rigid plastics and polypropylene (PP), as well as PET fines washing.

Geo JS Tech Group announced Jan. 10, 2018, that it was expanding its business operations to include recycling of plastics and scrap metals, adding additional growth and revenue opportunities beyond mining of iron ore and gold.

“Scrap metal and plastic recycling is an attractive growing market within our core competency,” says Edward Mui, CEO of Geo JS Tech Group. “Adding this to our operations is a priority and as such we’ve begun discussions with potential partners to advance our plans for the new year.”

In a press release announcing the acquisition, the company says, “Geo JS Tech Group will have a challenging and exciting year making the world greener. The management assures shareholders that it will diligently strive to capitalize on this new company strategy and initiative by growing internally through product sales and externally through merger and acquisition activities.

The company is confident it has the skills and resources to grow in this space and foster any merger and acquisition opportunities in both the green recycling and mining businesses. The management thanks shareholders for your ongoing support of Geo JS Tech Group.

This acquisition gives our company the ability to engage in buying, processing and selling ferrous and nonferrous recycled material and it is expected to provide an anticipated $30-40 million in increased revenues in the upcoming fiscal year, a 600 percent growth year over year.”

Bloomberg reports that the Texas-based GEO JS Tech Group Corp. was established in 2010 and engages in the exploration of sand, stone and iron minerals in Mexico and Malaysia.

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