Alchemy to open electronics processing facility in Miami

Dublin-based circular technology company Alchemy has announced plans to open a new facility in Miami to process devices, such as phones, tablets and smart watches. The site is projected to process 60,000 electronics per month.

The devices will be sourced from manufacturers, retailers and mobile carriers and resold to consumers and businesses via Loop Mobile, Alchemy’s online store.

“Alchemy is on a growth mission and our new site in Miami is key to that,” Alchemy Co-Founder James Murdock says. “With more space on the ground to refresh devices, the greater our ability to keep up with the incredible demand for quality, affordable, refurbished tech and the better we can do for the planet.”

Over the last five years, Alchemy has traded more than 5 million devices and earned $443 million in annual revenue. The company operates across 60 markets and says it has avoided an estimated 377,210.93 tons of carbon dioxide equivalent.  

“Miami has become a home for fast growing companies and inspiring entrepreneurs, and I am thrilled to welcome Alchemy to the city,” says Miami Mayor Francis Suarez. “It’s brought an exciting boost to the local economy, opening more jobs in the area. I look forward to seeing the company continue building on its success.”

Alchemy operates two major technology centers in Kildare, Ireland, and Newcastle-under-Lyme, United Kingdom. The company also has facilities for device warehousing, device triage and grading, reverse solutions and picking, packing and shipping in Australia, Hong Kong, Italy, Japan, Netherlands, South Korea, Spain, Taiwan and the United States.