Cronimet and TSR Recycling form partnership in Czech Republic

Archiv – Germany / Czech Republic | Scrap metal conglomerates Cronimet and the TSR Group have founded the joint venture Cronimet Ostrava s.r.o. Both founders of the company concentrate on their business activities with alloyed scrap in the Czech Republic at the premises of the TSR Czech Republic in Ostrava. Germany / Czech Republic | Scrap metal conglomerates Cronimet and the TSR Group have founded the joint venture Cronimet Ostrava s.r.o. Both founders of the company concentrate on their business activities with alloyed scrap in the Czech Republic at the premises of the TSR Czech Republic in Ostrava.
’As well as for TSR and Cronimet the start up company conspicuously strengthens our market position in the region. For Cronimet the step to the Czech Republic is a further component of the growth strategy in Central- and Eastern Europe’, says Kai Lohmann, Managing Director of the Cronimet Holding GmbH.
The Cronimet Group retains 60% and the TSR-Group 40% of the shares of the business of the Cronimet Ostrava s.r.o. The company enlarges with the joint venture in Ostrava the business part ’retail market and recycling’ and invests in this manner consequently in the regional markets in Eastern and Central Europe.
Family run recycling company Cronimet, founded in 1980, is now present at 50 locations worldwide with over 4,000 employees.