Indian scrap recycler MTC Business Private Ltd receives investment from Japan’s Mitsui & Co., Ltd., solidifying a strategic partnership for the expansion of metal recycling operations in India.
MTC is set to become an equity method affiliate of Mitsui following the investment.
The investment aims to bolster MTC’s operations amid India’s infrastructure boom and rising steel demand. MTC plans to expand its recycling network and venture into end-of-life vehicle recycling, aiming for comprehensive waste management solutions, according to Mitsui. With a network spanning over 30 metal recycling locations across the country, MTC is involved in the collection, segregation, processing, transportation, and distribution of ferrous and non-ferrous scrap materials.
