Greenwave Finalized Site for New Scrap Metal Facility

SEATTLE (Scrap Monster): Greenwave Technology Solutions, Inc. announced that it has secured the property located on East 55th Street in Cleveland, Ohio, formerly occupied by JBI Scrap Processors, for its upcoming scrap metal recycling facility.

ALSO READ: Greenwave Technology Opens 12th Metal Recycling Facility in Fairmont, NC

The location has easy access to railroad, which makes it convenient for it to transport the scrap metal processed by the facility. In addition, the presence of hundreds of local businesses and individuals in the vicinity of the facility will make procurement of scrap metal easy.

The Cleveland, Ohio facility is expected to generate significant revenues and positive cashflows from operations during FY 23. The operations are scheduled to commence by end-February this year. The employees are currently provided training on its processes and procedures. Also, the facility is being upgraded with the new cloud-based enterprise resource planning software.

The opening of the new facility is part of significant expansion plans announced by the metal recycler last year. The company has been making significant investments over the past year, in terms of organic growth.

The company, through its wholly owned subsidiary Empire Services, Inc., runs a dozen metal recycling facilities in Virginia, North Carolina, and Ohio.