Eastern European Deals

摘要

Despite an abundance of recoverable scrap and residues, the C.I.S. scrap industry simply doesn't have the equipment, the know-how, and the capital to take advantage of these resources, observers say. And Western recyclers, for the most part, remain reluctant to put people and capital at risk in an environment seen as perilous and unstable. "I really don't think the time is right for a significant investment of fixed capital there," says Denis Oliver, CEO of Ireland Alloys Group, a multinational scrap recycler with headquarters in Hamilton, Scotland. "The situation is still too uncertain." This is not to suggest an absence of trade between the Commonwealth and the West. Many Eastern European enterprises are keen for Western hard currency, and with Russia leading the way, the region stands as an important player in the world market for scrap and virgin metals.