ArcelorMittal announced that it has acquired the outstanding 60% of the shares in Rolanfer Recyclage SA which now gives it 100% control over the company.
Rolanfer is based at Yutz in France near Thionville on the border with Luxembourg and operates a shredder at the port of Illange. It specializes in the processing and recycling of scrap metal products including incinerated scrap, shredded scrap and demolition scrap.
The bulk of its production is delivered to ArcelorMittal sites in Luxembourg. This acquisition will assist in securing the supply of scrap metal to ArcelorMittal operations in the region.
In 2007 Rolanfer's gross turnover was EUR 13 million and it shipped approximately 86,000 tonnes of scrap metal for the year and currently employs 24.
