Indian Firm Invests in Expansion Plan

Infotrek Syscom, an Indian firm that targets the electronics recycling sector, has announced plans to invest around $216 million to expand its recycling capacity. The money will go toward establishing a country-wide network of collection locations, as well as warehousing space and a metals recovery facility.

In its announcement, the company noted that in a span of just two years of its existence, its Eco Recycling subsidiary has developed great awareness about the hazards of waste electrical and electronic equipments and need for systematic handling. The change is visible, more and more corporate and individuals have started working with Ecoreco.

At the present time the company is providing service to more than 200 corporations throughout India. The Ecoreco subsidiary also has been recognized by various international agencies for its innovative approach to handling and processing electronic scrap, including being recognized by Lockheed Martin with a Gold Medal for its mobile shredding facility, which is unique in India. Also, the company was recognized for its potential in the overall international markets.