May 2005

Alter Trading plans $5 million expansion for metal recycling

Waterloo, IA— Alter Trading Corporation announced that it has signed a definitive agreement to purchase a new state-of-the-art scrap metal shredder which will be installed later this year at Alter’s facility in Waterloo, Iowa. The shredder installation is part of Alter’s planned $5 million expansion of its Waterloo location.

“This expansion reflects Alter’s continuing commitment to significantly invest in its operations, in its employees, and in the communities in which we operate,” says Robert S. Goldstein, Alter’s president and CEO.

Founded in Davenport, Iowa in 1898, Alter Trading Corporation — a privately-owned, fourth generation company — is ISO 9001:2000 certified at all of its 16 processing facilities. Alter’s recycling operations and five trading offices are located in seven states throughout the upper Midwest.

The new shredder will be delivered to Alter by this September, with final installation expected to be completed in November. It is anticipated that this investment will result in the addition of up to five new jobs at Alter’s Waterloo operation.

 


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