IS Dongseo, a South Korean waste management company, recently acquired BTS Technology, a waste battery recycling company in Poland. The acquisition is part of IS Dongseo’s plan to establish a global waste battery recycling value chain.
BTS Technology is building a factory in Oswa, Poland, that can process the waste batteries of about 50,000 electric vehicles per year. The factory is expected to be completed by the end of this year.
IS Dongseo plans to use the factory as a base for its European waste battery recycling operations. The company also plans to build more pretreatment plants in Europe through this acquisition.
The acquisition of BTS Technology is a strategic move by IS Dongseo to expand its presence in the growing waste battery recycling market. The global market for waste battery recycling is expected to reach $100 billion by 2025.
IS Dongseo is well-positioned to capitalise on this growing market. The company has a strong track record in waste management and recycling, and it has a network of facilities around the world.
The acquisition of BTS Technology will give IS Dongseo a leading position in the European waste battery recycling market. The company will be able to provide a comprehensive range of waste battery recycling services, from collection and transportation to processing and disposal.
This acquisition is a significant step forward for IS Dongseo’s waste battery recycling business. The company is now well-positioned to become a global leader in this growing market.
An official from IS Dongseo said:
“We have been able to preemptively enter the European market, which has the largest electric vehicle market, and occupy a very important position in establishing a global value chain.”
Source www.mk.co.kr
