Allan Gerlat, News Editor

December 10, 2014

1 Min Read
E-Waste Systems Forms Joint Venture to Expand Electronic Waste Recycling

E-Waste Systems Inc. (EWSI) has formed a joint venture with an Indian company to expand electronic waste recycling operations in North America and Asia.

The London-based EWSI said in a news release it signed an agreement with Aruls Environmental and Green Ozone Pvt. Ltd. (AEGOPL) for a joint venture to develop and expand reverse logistic operations in North America, India and Southeast Asia.

The agreement calls for an initial investment of $750,000 by AEGOPL and a subsequent $1.75 million infusion. The initial investment will provide working capital to develop e-waste projects in the New York area and later to expand significantly EWSI operations there.

The investment also will fund the acquisition of an existing public company, EWSI said, that will establish a functional presence for AEGOPL in the U.S. and to establish recycling operations in India and elsewhere. EWSI will have a minority stake in that company.

The agreement also calls for a $1.75 million investment to expand EWSI’s New York e-waste facility, including the acquisition of new capital equipment.

In addition, the firms will establish a regional and/or national e-waste recycling and environmental business in India.

EWSI expects the closing of the investment within 90 days.

 

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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