NEW YORK A recently
launched scrap metal recycling company in Indiana is set to
produce about 10,000 tonnes of shredded scrap this month after
reaching its full production rate earlier this week.
MetalXlaunched late last year by former OmniSource Corp.
owners the Rifkin family (
amm.com, Nov. 1)commissioned the shredder on
The Wendt Model 60 shredder
feeds an oversized ferrous downstream and eddy-current
separation line with a downstream line throughput capacity of
120 gross tons per hour. The system is also configured to
accommodate a second shredder at a future date, the company
"We have designed a shredding
system that is different than other shredder installations. The
result is greater flexibility, lower capital costs and
increased operating efficiencies," MetalX chief executive
officer Danny Rifkin said in a statement.
MetalX also aims to perform
custom shredding for customers and hopes to develop proprietary
shredded products for use in specific applications, it
"We are more interested in
creating shredded products that add value for customers than
simply producing a commodity grade of shredded, although that
product will clearly be a significant part of our mix," Rifkin
MetalX launched operations on Oct. 29, 2012, and has since
grown from 12 employees to nearly 70.