Recylex shuts Belgian secondary lead smelter
Jun 25, 2013 | 04:11 PM
| Mark Burton
LONDON European recycling group Recylex will close its secondary lead smelter in Belgium in response to structural losses at the plant, the company announced June 24.
The closure comes as Recylex and other secondary lead producers struggle to overcome overcapacity and high scrap battery prices in Europe.
"In spite of internal efforts and numerous investments aimed at improving the performance of the smelter facility, changing market conditions have taken a heavy toll on the operating performance of this business, which has become a structural lossmaker," Recylex said. ....
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