Ballast Nedam Receives Bid from REMEX for Subsidiary Feniks Recycling
NIEUWEGEIN, The Netherlands, August 22, 2013 /PRNewswire via COMTEX/ --
REMEX Mineralstoff has put in a non-binding bid to acquire Feniks Recycling. This Ballast Nedam subsidiary operates in the niche market of secondary raw materials. Ballast Nedam is giving the bid due consideration and allows a due-diligence study.
In the Netherlands, Feniks Recycling has a prominent position in the processing and marketing of bottom ash. The company designs, builds, operates and manages installations for dry reprocessing techniques for converting the bottom ash from waste-fired power plants into usable materials.
In the UK, Feniks Recycling, which is incorporated under the name Ballast Nedam Phoenix Ltd, is the leader in the construction and operation of facilities for processing secondary raw materials, as well as the number-one producer of those materials.
Ballast Nedam engages in integrated projects in The Netherlands in four areas of work: housing, mobility, energy and nature. Within this area we focus on the niche markets: industrial construction, offshore wind turbines, secondary raw materials and alternative fuels. In a number of areas of expertise, we also operate internationally. The Ballast Nedam share is included in the Amsterdam Small Cap Index (AScX) of NYSE Euronext.
Ballast Nedam's approach is based on life cycle thinking and acting: we develop, construct, manage and recycle. We are involved in long-term management, maintenance and operation of projects and organize financial feasibility. Our supply and specialized companies deliver competitive edge through innovation, cost leadership and purchasing strength. Ballast Nedam's range of services is shifting towards modular products and specific product-market combinations with greater added value.
Ballast Nedam creates enduring quality combined with lower life cycle costs for its customers and society. http://www.ballast-nedam.com
SOURCE Ballast Nedam
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