PITTSBURGH Alter Trading Corp. has announced plans to
invest $20 million at one of its four auto shredding plants in
The St. Louis-based recycler has selected its Council Bluffs
site for an automotive shredder residue (ASR) plant, with plans
to break ground at the end of April. Alter, which has operated
at the 29.28-acre site for half a century, expects the ASR
plant to be running by the end of the year.
The $20-million investment includes $16.3 million for the ASR
plant, with the remaining amount to be allocated for
construction of a nonferrous structure to service peddlers and
contractors that is expected to be built in 2014.
The system will enable Alter to capture more metallics,
increase operational efficiencies and allow the company to
produce products that are more suited to customer
specifications. The system will also reduce the amount of
material that is sent to landfills.
This facility will handle ASR processing (for) Council
Bluffs and potentially other facilities as we balance capacity
in our ASR processing in the Midwest, Ronak Shah,
Alters vice president of strategy and technology, told
The metal recycler will receive $887,000 in tax credits and
sales tax refunds for the project, which is expected to create
15 jobs, from the Iowa Economic Development Authority (IEDA)
board. The incentive includes a $597,000 investment tax credit
and a $290,000 credit for the refund of sales, service or taxes
used during construction, an IEDA spokeswoman said.
The plant is similar to an ASR recovery unit that was installed
in 2011 at the companys Davenport, Iowa, shredding plant.
After the success of Davenport, and as part of our
reinvestment in the business, this is an area that is being
seen as a technological and process improvement. Alter is committed to staying abreast of the latest
technology, Shah said.
Davenport has met all of our expectations in both metals
recovery and process stability. In addition, it has been a
win-win with the community as we have hired more staff than
originally expected to operate the facility at its full
performance, Shah added.
The Council Bluffs ASR plant is being designed with future
upgrades in mind, including a plastics recovery system.