Paul Roszel, chairman & CEO of RecycleNet Corp., announced the incorporation of Scrap China Corporation. The new corporation will work to facilitate trading of secondary commodities between North America and China.
Several years ago the management of RecycleNet believed that the growing potential for business in Asia demanded separate attention, and therefore implemented a strategy to establish a secondary commodity clearinghouse service in China. As a result, on June 15, 2005, a new business segment was formed, Scrap China Corp.
Scrap China Corp. is a development stage company. The company's plan is to set up a base of operations in China to facilitate the international trade of secondary commodities.
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