Sabah - Germany’s ALBA Group and Turkey’s Inci Holding have come to an agreement on forming a JV to process Turkey’s estimated 1.35 million tons of annual electronic and hazardous waste. Signed during the German Chancellor Angela Merkel’s visit to Ankara last week, the deal covers the acquisition of 50 percent stakes of Inci Holding subsidiary Aten Atik by the German company.
The partners will focus on increasing the collection and recycling of electronic scrap in Turkey’s highly-industrialized northwestern provinces. Producing energy substitute fuels from processed waste is also among the newly-established JV’s plans, according to a press release by ALBA.
ALBA Group has operations on 4 continents of the world working on waste management and recycling solutions.
Inci Holding is mainly active in automotive industry, specializing in the production of car batteries.