In November of this year The Shredder Co. signed an agreement with the China-based firm Tisco. Under the deal, The Shredder Co. will supply a 10,000hp 124 SXS shredding plant to the company. The shredding plant is capable of producing 700,000tn of product a year. The material generated will include shredded steel scrap, shredded stainless steel sheet, cooling scrap for carbon steel and cooling scrap for stainless steel. The plant is expected to be operational by the end of next year. Total investment in the plans is more than USD 15 million.
