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.
Waterloo, Ind.-based MetalXlaunched late last year by former OmniSource Corp. owners the Rifkin family (amm.com, Nov. 1)commissioned the shredder on Feb. 28.
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 said.
"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 said.
"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 said.
MetalX launched operations on Oct. 29, 2012, and has since grown from 12 employees to nearly 70.