A recently formed New England subsidiary of Sims Metal Management Ltd. (SMM) has acquired the assets of Promet Marine Services Corp. Ltd., Providence, R.I. The deep sea export facility consists of more than nine acres and has a rail-serviced pier and two deep water berths on the Providence River.
According to an SMM news release, the newly acquired assets will serve as the company’s main export terminal for its New England operating region. The company also says it plans to continue looking at opportunities to expand its presence in the region with more acquisitions and greenfield developments.
The announced acquisition follows another SMM announcement to build an auto shredding plant in Johnston, R.I.
Latest from Recycling Today
- Orion ramping up Rocky Mountain Steel rail line
- Proposed bill would provide ‘regulatory clarity’ for chemical recycling
- Alberta Ag-Plastic pilot program continues, expands with renewed funding
- ReMA urges open intra-North American scrap trade
- Axium awarded by regional organization
- Update: China to introduce steel export quotas
- Thyssenkrupp idles capacity in Europe
- Phoenix Technologies closes Ohio rPET facility
