Japanese giants Mitsubishi Materials Corporation (MMC) and Hanwa Co. Ltd have established a new company at Moerdijk in the Netherlands to expand collections of e-scrap from Europe. The joint venture, named MM Metal Recycling BV, will also build a centre for receiving, inspecting and sampling e-scrap in an investment total approximately Yen 4 billion (US＄ 40 million). According to MMC, which has a 90% equity stake in the new entity and Hanwa 10%, the new centre will significantly shorten the period for valuation of e-scrap’ to the benefit of customers; completion is scheduled for the spring of 2017.

Source: http://www.recyclinginternational.com/recycling-news/9783/ferrous-metals/asia/japan-039-s-mitsubishi-and-hanwa-target-european-e-scrap