The Japanese conglomerate Dowa is increasing capacity at its Nippon PGM (Platinum Group Metals) joint venture smelter. Dowa, one ofJapan’s largest copper and zinc smelter, is looking to increase the capacity of its smelters to allow the company to recover more platinum group metals from automobile catalysts.
The Nippon PGM operation is a joint venture with Tanaka Kikinzoku Kogyo, a large Japanese trading house. Plans call for the operation to gradually increase the capacity from 450 metric tons a month to 900 metric tons a month by the end of next March.
Nippon PGM is the world's second-biggest PGM recycling company after Inco Ltd .
The company expects profits from Dowa's metal-recycling operations and its environmental business would help increase overall profits in 2001/02.The company's environmental operations range from waste management to soil restoration and environmental consulting and engineering. Reuters.
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