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Wayland invests 80 million euros in the expansion of copper recycling in Germany

HAMBURG (Reuters) – Germany’s Welland Group, one of the world’s largest producers of semi-finished copper products, announced on Wednesday that it will invest 80 million euros ($80 million) in a new copper recycling plant in Germany.

It is built at the unregistered German main production site Wieland in Vöhringen.

She added that the project will increase annual recycling capacity by about 80,000 tons and is the next step in the company’s strategy to expand recycling capacities globally.

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With operations at the new facility scheduled to begin in early 2025, Welland’s recycled content in its copper products will average 80 percent globally.

By using the new technology and the gas-powered electrical processing steps, Welland will be able to further reduce the carbon footprint of its products.

In June 2022, Welland also began construction of a copper recycling facility in Shelbyville, Kentucky, USA, which is scheduled to begin operations in late 2023.

Wieland produced and sold around 748,000 tons of copper products in the 2020/21 financial year.

(1 Dollar = 1,0058 Euro)

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Reporting by Michael Hogan, editing by Simon Cameron Moore

Our Criteria: Thomson Reuters Trust Principles.

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