Scrap metal firm doubles processing capacity
Its 5th facility in S'pore will also lower energy costs
SCRAP metal firm Kim Hock Corporation has doubled its metal processing capacity with the launch of its fifth facility yesterday. The $51 million facility can process about 200,000 tonnes of scrap metal a year, with only 20 new hires, or 12 per cent more staff.
The doubling of production capacity is mainly due to continuous shredding and separation processes employed in the new plant, located on Shipyard Crescent. Scrap metal was previously processed into smaller pieces by compression and shearing machines , which operate on a batch basis. Now, continuous shredders that handle about 100 tonnes of scrap metal per hour are used.
Processing is now continuous, with metals being fed into the machines on a conveyor belt. "It's a slight difference but that's where the productivity gains are," said Lim Teck Siang, Kim Hock's general manager. He expects the facility to run at full capacity within the next six months.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Puma returns to sales growth in Americas despite ‘volatile’ market
Shell to sell Singapore oil refinery, chemicals assets to Glencore joint venture
AstraZeneca lifts FTSE 100 to record high
Amazon breaks into Europe 5G networks with Telefonica cloud deal
Nanjing Xinjiekou Department Store announces May 23 EGM; Cordlife seeking legal advice
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up