BASF Realigns UK Recycling Operation
BASF plans to end manufacturing operations at its Cinderford, Gloucestershire, UK precious metals recycling plant as the company refocuses on the fast-growing autocatalysts recycling market.
The company said it will exit its non-strategic electronic scrap, gold and silver recycling business to dedicate its full focus on the autocatalysts recycling market, a move that’s in line with its long-term growth strategy and growing demand for platinum group metals (PGMs) such as platinum, palladium and rhodium.
Over the next several months, production at the Cinderford site would be shifted from a two-plant operation to a single production site dedicated to automotive catalysts recycling. The Cinderford site is equipped to process all types of reclaimed catalytic converters, including light duty and heavy duty components from gas and diesel vehicles, on-road and off road, ceramic and metallic. The majority of current volume is light duty.
The electronic scrap materials plant would be closed, and operations at that portion of the site would be discontinued by the end of 2014, BASF said in a news release. An on-site assay laboratory would also be closed by year end.
The proposed closures would result in the loss of approximately 50 jobs at the Cinderford site. The company has entered a period of consultation with employees and is committed to providing support and assistance.
“The measures we are planning will make us more responsive to market and customer needs,” said David Freidinger, BASF vice president, Precious Metals Recycling & Refining. “We will continue to make significant improvements to our manufacturing infrastructure for automotive catalysts recycling in Cinderford to optimize our production efficiencies and position BASF to cost-effectively meet growing demand for our high-quality precious metals products.”