New Shredder In Albany Integral In Plan For Eastern Expansion
Move is next step towards establishment of new recycling network in the Northeast for Upstate Shredding-Ben Weitsman
November 26th, 2013 – A new, state-of-the-art metal shredder and full downstream has been purchased and will be up and running at the new Ben Weitsman scrap yard and port facility in Albany, NY, April 18th, 2014, company owner Adam Weitsman announced. The new project represents a total investment of $25 million and will be funded privately through the company, no government assistance will be requested.
“We’ve spent years building our metals recycling network in New York and Pennsylvania into a highly efficient system,” Weitsman, Owner of Upstate Shredding-Ben Weitsman, said. “We have ambitious goals for our Albany yard, and this shredder is the next step in putting that plan of expansion into motion.”
Since opening in August 2013, Ben Weitsman of Albany has quickly become the market leader in Albany within the first few months of operation. The company expects to spend several million dollars in the region over the next several years to create and develop a new recycling network of yards in the Capital region and surrounding states to feed the new shredder.
“It took us years to build up our feeder yard system around our Owego shredder and this new shredding location, in addition to our shredder in New Castle which will be operational in the 2nd quarter of 2014, will be the launching pad of the next phase of our expansion,” Weitsman said. “We’ve examined the markets surrounding the Albany facility, and we plan to make several new acquisitions of scrap yards in the region to develop the network of yards to feed the Albany shredder.”
While smaller than the company’s flagship shredder in Owego, N.Y., the new high-powered auto shredder and downstream built by the Wendt Corporation of Buffalo, N.Y., includes several technological advances to ensure maximum recycling value. These systems include separation technologies to recover wire, plastics, nonferrous metals and other materials such as fines. Recent advances in shredding technology make it possible to divert even more recyclable material from landfills.
We are pleased to have been selected by Upstate Shredding to construct a new state of the art shredding plant at the Albany port facility, “said Tom Wendt Jr. of the Wendt Corporation, who Weitsman purchased the new shredder and complete nonferrous downstream from. “It’s a pleasure to be part of Adam Weitsman’s continued growth and success.”
In May 2013, the Company announced the site of the second shredder being built in New Castle, Pennsylvania. The New Castle scrap yard, formerly Ferromet, was acquired in December 2012 by Weitsman at a bankruptcy auction; the facility, located at 256 S. Jefferson St., is seeing several million dollars’ worth of additional investment, including the demolition of old buildings and erection of new ones, full paving of the facility, and brand new equipment. As the site of the company’s second shredder outside of the flagship facility in Owego, N.Y., the New Castle location provides access to new markets of scrap and steel manufacturing for the company. The third shredder in Albany will further expand access to new markets through the installation of state of the art metal processing technology housed in the Capital region.
With 15 locations in New York and Pennsylvania, and one of the most powerful mega-shredders in the world, Upstate Shredding – Ben Weitsman acquired a new location every month this Summer. The company was ranked as one of the largest scrap companies in North America by Recycling Today, was 2013 AMM finalist for Scrap Company of the Year and, in March of 2013, Upstate was named as one of the top scrap & recycling companies in the world by Platts. The company expects to process 1 million tons of ferrous scrap and 200 million pounds of nonferrous scrap by 2014. The company is headquartered in Owego, N.Y.
For more information, please visit www.upstateshredding.com. Members of the media, please contact Stephen J. Donnelly at 719-337-8238 with any questions.