eWaste has opened an office in China to take advantage of the potential electronics recycling market there.
The company, which has its head office in London, and also operates in the US, provides electronics waste management and reverse logistics services.
eWaste chief executive Martin Nielson said: “Following our recent agreement to enter the China market through a master license and corresponding investment, the company is acting aggressively in pursuit of this market and to establish itself as the first eWaste pure play brand to enter China.”
The company has set up an office in Shaghai and has a licensing agreement with Tanke Inc valued at $800,000 dollars plus royalties and a minimum $5,000,000 sales commitment.
In 2011, 162 million tonnes of WEEE was recycled in China double the amount seen in 2005 with the market expected to keep growing.