Hong Kong-based Li Tong Group (LTG), a provider of reverse supply chain management (RSCM) services for the technology and telecomm industries, reports that it has received an investment of US$45 million from middle market private equity firm Olympus Capital Asia, Hong Kong. The company says the investment will enhance research and development efforts as well as expand the scope of services offered.
Founded in 2000, LTG specializes in the recovery, re-use and re-manufacturing processes of both postindustrial (PIR) and postconsumer recycling (PCR) for electronics original equipment manufacturers (OEMs) and consumers. The company provides RSCM services for mobile devices, information technology and telecommunications equipment products and components. LTG currently employs more than 1,200 professionals and operates more than 20 facilities around the world.
“We are pleased to have Olympus join LTG as we continue our commitment to providing the world with the most commercially and environmentally sustaining e-waste solutions,” says Linda Li, LTG’s chief strategy officer. “Olympus’ expertise and network within cleantech and environmental sectors will be a very important part of LTG’s growth over the next three years, especially in emerging markets such as India and China.”
The proliferation of electronic and mobile device usage paired with shortened product lifecycles presents many challenges and opportunities for repurposing and reusing e-waste, LTG says. Globally, obsolete electronic scrap comprising mobile phones, computers and other IT and telecommunication devices is expected to grow at a compound annual growth rate (CAGR) of 18.3 percent from 2010 to 2017, reaching 43.8 million tons by the end of 2017. Driven by more stringent regulations governing the management of obsolete electronics, better environmental awareness and economic conditions more favorable to sustainability, it is expected that a greater portion of electronic scrap will be reused or recycled.
“E-waste represents the fastest growing segment within the recycling vertical,” says Alexander Lui, managing director of Olympus Capital Asia/Asia Environmental Partners. “LTG is the world’s foremost authority on reverse supply chain management and is well positioned for high growth opportunities within the e-waste sector. In particular, the company has an excellent customer base with partnerships with many of the world’s leading technology firms and is strategically aligned with some of the most promising segments within e-waste: the postindustrial recovery segment; the telecommunications equipment business; and China’s postconsumer recycling market.”
Li Tong Group (LTG) provides reverse supply chain management (RSCM) solutions to OEMs, enterprises, government and consumers for the reuse, remanufacture and recovery (3R) of both postindustrial recovery (PIR) and postconsumer recycling (PCR) and high-tech products and components including mobile devices, smart devices, big-data network and telecom equipment.
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