Olympus commits $45m to Hong Kong e-waste processor

This is the third investment in China's waste management sector by Olympus. Other portoflio companies in the waste-to-energy segment including Hong Kong-based Canvest Environmental Protection.

Founded in 2000, LTG recycles mobile phones, computers and other IT and telecommunication devices for leading electronic equipment manufacturers. It has 20 plants globally, with a presence in China, Japan, the US, Austria, Dubai and India.

"E-waste recycling is the fastest growing segment within the recycling vertical," said Alexander Lui, managing director at Olympus, in a statement.

"The company has a strong customer base of leading technology firms and is strategically aligned with some of the most promising segments within e-waste: the post-industrial recovery segment; the telecommunications equipment business; and China's post-consumer recycling market."

LTG will leverage Olympus' expertise and network in the clean technology sector to expand in emerging markets, including India and China, over the next three years.

The global e-waste market is expected to see compound annual growth of 18.3% from 2010 to 2017, reaching 43.8 million tons in 2017, according to the statement. The consumer electronics recycling market is tipped to be worth $15 billion in 2016 and $18 billion in 2017, while post-industrial recovery should be worth $5 billion in 2016.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Greater China
• Expansion
• Cleantech
• China
• Technology
• Olympus Capital Holdings Asia
• manufacturing
• Cleantech
• Growth capital