Alter opening ATP facility in Davenport
Alter Trading has announced that it has broken ground on an Advanced Technology Processing “ATP” Plant. The media based separation system will be located in Davenport, Iowa. The new operation will be of sufficient scale to process the volume of material produced by the company's three nonferrous recovery facilities, constructed over the last several years. The Plant is expected to be operational by the second half of October 2015, and will create 17 new positions when running at capacity.
"The ATP Plant represents the next important step in our “Investment Strategy”, which is to expand our internal capacity and capabilities. Operating 55 facilities, that include twelve shredders, requires that we extract the highest value from all of the metals intrinsic to the commodities we process. This is especially important as we continue to expand our business" said Jay Robinovitz, President and Chief Operating Officer.
The ATP plant will allow Alter the flexibility to adapt to changes in our consumers’ product needs, quality requirements, and to react to the increasingly dynamic and challenging scrap metal environment.
“Investing in the future is the driving force behind our philosophy here at Alter. This is another example of executing to a strategy that will continue to make us a leader in our industry” said Robert Goldstein, Chairman and CEO
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