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Chiho-Tiande rides China scrap wave, takes over Germany's Scholz

Deal will expand China recycler's procurement channels in Europe and provide technical expertise

Published Thu, Sep 29, 2016 · 09:50 PM
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Shanghai

CHINA is on the cusp of a scrap wave that will return metal from ageing cars and expired fridges to the supply chain in a growing threat to mining companies, according to Chiho-Tiande Group Ltd, a top recycler, which is taking over one of the biggest and oldest names in Europe's scrap business.

The firm is acquiring Scholz Hold…

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