Meeting Demand for
Meeting the Growing Demand for Recycled Metals
Today, the accelerated growth in manufacturing of low-carbon and metal intensive technologies, such as electric vehicles, wind turbines, and solar power infrastructure, continues to drive progress toward a net zero future and increases the global demand for the materials our Company recovers and recycles.
Increased manufacturing activity, especially in the southeastern U.S., where the automotive industry alone is investing $45.9B since 20171, places Schnitzer’s recycling business at the heart of the value chain for both customers and suppliers.
In fiscal 2022, Schnitzer added more than 200 team members and 10 new operating locations across the southeast through the acquisitions of Columbus Recycling and Encore Recycling, bringing our southeastern footprint to 24 sites. The Encore acquisition marked the addition of Schnitzer’s first metal shredder in the region, which effectively extended our operating model to reach further up the value chain.
The acquisitions of Columbus and Encore Recycling support our growth strategies of increasing our ferrous and nonferrous volumes and providing metals recycling services to a growing network of domestic manufacturers. Schnitzer is poised to deliver local and scalable capacity for the low-carbon inputs needed to produce the next generation of sustainable technologies.