Japanese Metal Recycling Companies Increase Expansion In China
With the rise of metal prices and an increasing awareness of environmental protection, metal recycling firms from Japan are expanding their operation in China.
According to the Rijing Weekly, Japan's Songtian Industry Company has set up a branch in Suzhou with a registered capital of US$1 million to specialize in waste and used metal recycling. Another Japanese company Asahi Pretec also plans to expand its business in Shanghai and include silver and palladium collection into its business scope.
At present, these two companies' affiliates operate in the Chinese market through partnership with Sino-Japanese joint ventures. Asahi Pretec said they plan to develop some clients in Europe and America as well China in the future.
Besides these two, some Japanese non-ferrous metal companies like Mitsui Metal Mine and Dowa Holdings have also begun metal recycling services in China.
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Christophe Lajus, the general manager of Crowne Plaza Fudan Shanghai, and members of the hotel management team visited Yangpu Social Welfare Institution to celebrate the Mid-autumn Festival together with the senior citizens resident there. A gift of homemade mooncakes was presented to the senior citizens on behalf of the hotel.
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