Elemental to enter Balkan market

Poland’s electronic waste recycling company Elemental Holding is to acquire a Balkan entity with a yearly turnover of around PLN 300 million. Accoridng to Elemental’s vice-president Jarosław Michalik, the decision is to be made in the second quarter of the current year, Parkiet.com reported. The company spent PLN 50 million to buy entities in Turkey, Slovakia and Lithuania last year. Turkish Evciler has been present in the Middle East, Africa and post-soviet Asian countries. Slovak Metal Holding is to support expansion to Hungary and Romania and Lithuanian EMP Recycling is to help Elemental operate in Estonia and Latvia. “We consider other acquisitions – we are interested in the biggest electro-waste sector players in the region, where the EU regulations are implemented. I have in mind such countries as Romania, Bulgaria, Turkey, The Czech Republic, Slovakia and the Balkan states,” Michalik said in May 2014. Elemental is not going to issue shares after the takeover. Elemental Holding is a leading Polish group operating in the recycling and recyclable material trading industry and a top supplier of recyclable material for metalworks and foundries all over the country.