Scrap Metal Giant Central European Waste Management Now Selling to Asia

Press Release • Apr 24, 2011

...In 2010, Some Ninety Percent of the Company's 185 Million Euros in Sales were to European Clients... This year, Asian Exports May... Top European Sales.

Online, April 24, 2011 (Newswire.com) - WELS, Austria - Central European Waste Management has begun exports of its' recycled products to Asian ports early this month in a major market expansion originally announced by Frederick Von Strasser, the chairman of the Austrian plastics and metals mega-recycler, last January.

According to reports in the New York Daily News, Von Strasser denied that the new Asian thrust, aimed at expanding exposure to the Asian market, will result in a reduction of supply to the company's established clients in Europe. He also rejected assertions that the new guidelines may be a result of the company's economic forecasts for the Euro-zone in 2011.

"This is not a reflection on our European clients or on our projections for the economic recovery in Europe," said the CEO. "Rather, it is the result of C.E. Waste Management's expansion strategy in 2010, which has paid off. The acquisition of an unprecedented number of recycling assets... [gave us] greater control of the supply chain. These new facilities in Italy, Germany and the Czech Republic have now been fully integrated into our operations, and the result is greater efficiency and a larger inventory for sale."

"Our next step is natural," said Von Strasser to the group of shareholders and employees. "It will be the expansion of foreign exports to the Far East and the Indian sub-Continent."

According to company sources, the International Department of C.E. Waste Management, located at the corporate headquarters in Wels, Austria, will now focus exclusively on exports to Asia, where prices and demand for recycled metals and plastics have remained relatively stable in spite of the economic slowdown experienced in Europe and North America. Further, the company has reportedly negotiated reduced rates with Asian sea-freight cargo carriers to facilitate the anticipated expansion.

Since the company's appointment of Von Strasser as CEO in early 2010, C.E. Waste Management has undergone a series of expansions and mergers expansions and mergers climaxing with the company's acquisition of eight recycling plants in Germany, Italy and the Czech Republic. Further, recent press reports have revealed that Von Strasser has invested millions of Euros of the recycling company's assets into the purchase of large quantities of copper, a successful bet with copper prices now hovering at record highs.

According to the Austrian Daily Standard, in 2010, some ninety percent of the company's 185 million Euros in sales were to European clients. Company sources believe that this year, Asian exports may be set to top European sales.