United States / China | US scrap processor Alter Trading will open an office in Hong Kong. The intent is to increase the company’s current business in China and focus on expansion of other markets in the Pacific Rim. Alter will retain its representative office in Shanghai, China.

Robin Cai, formerly of Alter’s Shanghai representative office, will manage the Hong Kong facility, which will be known as Alter Metal Recycling Hong Kong Limited. With offices in the North Point area, Alter will further centralize its marketing and trading activities in the region.

‘The addition of a trading operation in Hong Kong will serve to enhance our strategic marketing plan for the region as we diversify our product base and move forward with our long term plan of expansion in Asia,’ says Robert S. Goldstein, chairman of Alter Trading.

In related news, Alter Trading acquired Doggett Auto & Truck Salvage, located in Laurel, Missouri. The company, which initially only handled vehicles, has expanded its operations and now handles and processes all grades of ferrous and nonferrous metals in the United States.

Founded in 1898, Alter Trading Corp. is a privately owned, fourth-generation company which is headquartered in St. Louis. The company operates 31 metal recycling facilities and seven trading offices in nine US states including businesses in Davenport and Bettendorf.

Acknowledgement

www.altertrading.com