CHICAGO Southern Metals Recycling Inc. and Waccamaw Metal Recycling plan to open a joint-venture facility in Conway, S.C., facility by year-end.
The companies purchased Turners Used Auto Parts Inc. at the end of December for an undisclosed sum, and waited to announce the project until all of the permits were in order, Jonathan Alper, president of Wilmington, N.C.-based Southern Metals told AMM.
The 21.6-acre self-service auto salvage yard will stock about 1,300 vehicles, which will be crushed and sold to shredders after being held for 60 to 90 days.
The buildings included in the sale have been demolished, and the recyclers started construction two weeks ago on one of two proposed buildings. A 70-foot truck scale will be installed at the new yard, which is expected to open in December.
"We see this as an opportunity to grow and to be successful. You have to maintain some growth. We did research on the demographics and the population is about the same as Wilmington, which has been good for us," according to Alper.
The location of the facility was a plus for Myrtle Beach, S.C.-based Waccamaw. "I am in this market and can help with the management of the facility, as well as market the nonferrous materials," president Jeffrey Rogers.