Provaluta Recycling SE
Recyc Commodities SE : Name Change and Capital Increase for the Subsidiary MWF Metallrecycling GmbH
Recyc Commodities SE / Key word(s): Miscellaneous 23.10.2011 / 18:09 --------------------------------------------------------------------- Karlsruhe, Germany, October 23, 2011 - As a result of the international expansion of business, MWF Metallrecycling GmbH, a subsidiary company of Recyc Commodities SE has changed its name to 'Provaluta Metall Recycling GmbH' and has had it reregistered as such with the Commercial Register. Together with this they have increased their equity capital from 30,000 EUR to 600,000 EUR and their participation quota within the framework of the capital increase from 50 to 100 %. Recyc Commodities SE's managing director, Mr Paul Bosmediano, is extremely happy with the name change and the capital increase, saying, 'It is important for our foreign clients that the MWF have an internationally recognizable name. We are very pleased that the Provaluta Metall Recycling GmbH is now capable through the capital increase of purchasing used catalytic converters and the necessary maschinery for successively expanding our international business endeavours.' About Provaluta Metall Recycling GmbH The Karlsruhe, Germany, based company extracts valuable raw materials such as Lead, Platinum, Rhodium and Palladium out of scrap metal. Provaluta Metall Recycling GmbH possesses a modern laboratory with the technology enabling it to predetermine the existing elements and their amounts in each catalytic converter, prior to its recycling. Overall, approximately 20 people are involved in the ambitious project 'Save resources by efficient recycling of metal'; from the purchase, the analysis, the certified processing, the storage, through to the distribution. About Recyc Commodities SE The Recyc Commodities SE finances potential high growth companies in the recycling industry, in their early and expansion phases. The financial holdings are concentrated on innovative firms situated for the most part in Germany. Recyc Commodities invests in partnerships as well as in exchange listed corporations. In exceptional cases, Recyc Commodities is also prepared to take over the management functions for certain specially picked companies and/or service providers in the recycling- and raw materials business. Further information about Recyc Commodities SE can be found in the internet under http://recyc.info/ Recyc Commodities SE Herrenstraße 9 76133 Karlsruhe Germany P.: +49 (0)721 94 880 0 F.: +49 (0)721 94 880 11 E.: recyc@recyc.info End of Corporate News --------------------------------------------------------------------- 23.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 143154 23.10.2011
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