The German waste concern Alba has entered an agreement with the Turkish conglomerate INCI to establish a joint venture. The new company's core business will be the recycling of electronic and hazardous waste in north-western Turkey, Alba announced on Tuesday. The contract-signing took place on Monday in connection with a meeting of German Chancellor Angela Merkel with the Turkish Prime Minister Recep Tayyip Erdogan in Ankara.
In an initial step, Alba Group purchases a 50 per cent stake in the INCI subsidiary Aten Atik. The company already operates an interim storage facility for hazardous waste and plans to employ Alba's expertise to expand these activities, according to the German recycling and environmental services concern. The expanded operations will also include processing hazardous waste into substitute fuels.
Moreover, the two companies plan to erect a new recycling plant for electrical and electronic waste (WEEE) in the Izmir region. The companies anticipate growth in the WEEE recycling sector in response to new Turkish regulations on the collection of end-of-life appliances which went into effect at the beginning of this year.