EMR gets go-ahead to purchase Borowski & Hopp scrap terminal
Oct 05, 2005 | 10:04 AM
| Ben Garside
European Metal Recycling Ltd. (EMR) is close to completing the acquisition of German deep-water scrap terminal Borowski & Hopp Hamburg GmbH.
Britain's largest scrap processor and exporter has been cleared to acquire the yard by German competition authority Bundeskartellamt and is expected to complete the purchase in the next few days, a source at Borowski & Hopp said.
The deep-water operation, the fastest-loading export yard in Germany, is capable of handling up to 600,000 tonnes of ferrous scrap annually. It has two heavy shears, both with a cutting force of 1,250 tonnes, and eight Liebherr cranes, a German industry source said. The business is likely to be headed by Ronald Borowski, managing director of EMR's German operations.....
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