UNITED STATES June 08 2015 3:51 PMTweet
SHREWSBURY, N.J (Scrap Register): Metallix Refining Inc., a leader and innovator in the precious metals recycling industry for over 45 years, announces their purchase of a new precious metals recycling facility from Umicore. The state-of-the-art scrap catalytic convertor processing facility located in Maxton, North Carolina was built four years ago and will allow Metallix to significantly increase their catalytic converter recycling capacity and stand by their mission of continuously improving their precious metal recycling process and technology.
The Maxton facility has the capacity to process 4,000,000 lbs per year of ceramic converters and is one of very few locations in the world with a PGM recycling process for metal foil converters with the capabilities to process 3,500,000 lbs per year of this difficult material.
This new facility complements Metallix existing refinery in Greenville NC which recycles and refines other types of scrap precious metals from industries such as electronics, jewelry, & specialty chemicals. The acquisition of this facility will give Metallix a significant advantage in capacity, flexibility, reliability, and speed while offering the catalytic converter market competitive pricing and an excellent customer experience.
In addition to the acquisition of the Umicore facility, Metallix will retain the majority of the site's expert employees in an effort to ensure a seamless transition and ensure maximum near and long-term growth.
"We're excited to own and operate this state-of-the-art auto catalyst recycling facility. This acquisition gives Metallix another opportunity to better serve the precious metals recycling market. Our business model and advanced technology makes investments like this possible,” said Eric Leiner, CEO of Metallix Refining Inc.