St. Louis-based Alter Trading Corp. is partnering with Toyota Tsusho America (TAI) to form a new entity, Altech Recycling, LLC. The dedicated metals separation plant will create 25 new jobs at a North Little Rock facility on Central Airport Rd.
The plant will produce high quality aluminum products to supplement demand at Toyota’s production facilities and other business partners in North America. The plant will convert post shredder mixed metals, referred to as “Zorba,” from Alter and other shredder operating companies as needed to meet market demands.
Altech Recycling will process the Zorba and produce two main products: a clean aluminum product known in the industry as “Twitch,” and secondary products commonly referred to as “heavies.” Altech Recycling will sell its products to consumers around the globe as market demands dictate. Altech is scheduled to begin operations in the second quarter of 2021.
“We are proud to be joining forces with one of the world’s global business leaders on this project. The combined talents and strengths of the two entities will provide a quality long-term solution to suppliers, consumers, and business partners,” said Jay Robinovitz, Alter’s President and CEO.
“We are committed to generating value in our communities and the marketplace by creating solutions beneficial to all,” said Shawn O’Connor, TAI Vice President and head of the Metals division.
Globally, parent company Toyota Tsusho Corp. operates in more than 120 countries with approximately 66,000 employees.
Founded in 1898, Alter is a privately owned, fifth generation company with 1,325 employees. Alter acquired Little Rock-based Tenenbaum Recycling Group in 2018. It operates 70 metal recycling facilities and seven trading offices in eight states, along with its representative sales office in Hong Kong, China.
Headquartered in St. Louis, Alter provides a direct supply of high-quality products and services to customers in the Unites States and throughout the world.