Remex Group Expanded Business Activities in Asia
German-based Remex Group, part of the international Remondis Group, has invested in Singapore. Through its subsidiary Remex Minerals Singapore Pte. Ltd., the company acquired 51 percent of the shares in Singapore-based NEO Hardware Pte. Ltd. as part of a share deal. As reported, the transaction will take retroactive economic effect from November 1, 2023.
According to the internationally active Remex Group, the double-digit million investment would complement its service portfolio, which has been processing municipal incinerator bottom ash and recycling recovered metals in the city-state of Singapore for almost ten years. “NEO Hardware Pte. Ltd. specializes in metal recycling and has been operating in this market for around 40 years. Last year, the family-run company traded quantities in the order of 140,000 tons,” the information said. “The metals are received, processed and resold at two locations in Central and West Singapore. The company’s extensive fleet of vehicles and machinery enables the direct dispatch of recycled goods within Singapore.” Almost half of the quantities traded were exported. Sales markets would include India, Indonesia, and Malaysia. Furthermore, NEO’s trade in recycling metals within South/Southeast Asia would offer the opportunity to expand existing business networks and identify further acquisition opportuni-ties in the region. “Close cooperation with Remex Minerals Singapore and Remex Malaysia also enables synergies to be tapped, particularly in the areas of plant engineering, sales, and commercial administration,” the group with more than 30 subsidiaries and associated companies in Europe and Asia underlined.
About Remex
Remex specializes in managing mineral waste and recovering its resources. The activities cover all areas associated with mineral management – from logistics and processing to sub-sequent recycling or disposal. “Focus is on the production and provision of secondary construction materials and recycled metals, land remediation, soil treatment, underground stowage, and landfill management,” the company gave account. With its recycling activities, the recycler would reduce the consumption of gravel, sand, and natural stone and improve the carbon footprint of metal production.
(Published in GLOBAL RECYCLING Magazine 1/2025, Page 18, Photo: Remex)
