Swedish metals company, Boliden (STO:BOL) has officially opened a SEK 1.3 billion ($181 million) new expansion of its electronics recycling facility at the Ronnskar copper smelting plant, with a capacity of 120,000 tonnes per year.According to company announcement the increased use of electronic products, shorter product lifecycles and stricter legislation governing electronic waste, means that the worldwide availability of electronic scrap is increasing.
Boliden officials said the expansion project was started in 2010 and the smelting of electronic material in the new facilities began in January this year.
If we believe metals specialist, its Ronnskar is one of the world's most efficient copper smelters in the recycling of copper and precious metals from electronic scrap.
The smelter is an integrated metallurgical complex that Boliden said extracts high-purity metals at low cost and with good environmental performance.
The company added that the investment is in line with its view of metals' eco-cycle in a sustainable society, and is helping to ensure that more electronic scrap is recycled, rather than being sent to landfills.
"A growing share of the metal production will originate from recycling. With this project Boliden combines high environmental performance with good business returns," explained Lennart Evrell, president and CEO of Boliden.
