Posted in | News | Ferrous Alloys and Metals | Sustainable Technologies | Materials Processing | Business | Iron and Steel

ArcelorMittal Takes Full Ownership of French Scrap Metal Recycler

Jul 17 2008

ArcelorMittal announces it has acquired the outstanding 60% of the shares in Rolanfer Recyclage S.A. ("Rolanfer") which now gives it 100% control over the company.

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Rolanfer is based in Yutz (France) near Thionville on the border with Luxembourg and operates a shredder at the port of Illange. Rolanfer specialises in the processing and recycling of scrap metal products including incinerated scrap, shredded scrap, and demolition scrap.

The bulk of its production is delivered to ArcelorMittal sites in Luxembourg. This acquisition will assist in securing the supply of scrap metal to ArcelorMittal operations in the region.

In 2007 Rolanfer's gross turnover was euro13 million ($US 20.6 million at current exchange rates) and it shipped approximately 86,000 tons of scrap metal for the year. Rolanfer currently employs 24 staff and its new managing director is Mr. David Iroz.

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