Regulatory Filings • Jun 24, 2013
Regulatory Filings
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Suresnes, June 24, 2013: FMM SA, the Belgian subsidiary of the Recylex group, has today announced its intention of ceasing its lead smelter operations.
In spite of internal efforts and numerous investments aimed at improving the performance of the smelter facility, changing market conditions have taken a heavy toll on the operating performance of this business, which has become a structural loss-maker.
As required under the legislation in force in Belgium, it has begun a process of consulting with all its employees to find solutions and possible alternative courses of action with them.
This plan, as well as the consultation phase, does not concern FMM SA's scrap lead-acid batteries collection business.
FMM SA's activities include a scrap car battery collection center and production of lead solely from recycled materials. In 2012, FMM SA produced around 10,000 tonnes of recycled lead. The ISO 14001- and ISO 9001-certified company has 26 employees.
As a reminder, in 2012, with 152,251 tonnes of lead produced, the Group's Lead segment was 75% of the consolidated sales.
Recycle, Transform, Enhance With operations in France, Germany and Belgium, Recylex is a European group specializing in lead and plastics recycling (mainly from automotive and industrial batteries), zinc recycling (from electric arc furnace dust and scrap zinc) and the production of special metals, primarily for the electronics industry. The Recylex Group has close to 675 employees and generated consolidated sales of €471 million in 2012.
More information on the Recylex Group on: www.recylex.fr *************************************
Gabriel ZEITLIN + 33 (0)1 58 47 29 89 [email protected]
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