12. December 2018
Wieland invests in UrbanGold to accelerate the development of innovative recycling technologies
- Leveraging the sustainability of copper is a core element of the Wieland Group’s strategy
- The partnership enables further strengthening of core competencies in copper recycling
The Wieland Group closed an investment in UrbanGold, based in Leoben, Austria, at the end of September 2018. The start-up focuses on the development of innovative recycling technologies
UrbanGold GmbH, a start-up and spin-off from the Mettop GmbH, develops innovative concepts for the recycling of metal containing waste. With the investment by the Wieland Ventures GmbH, the Wieland Group further strengthens its metallurgical competencies in the increasingly important field of sustainable metal recycling.
UrbanGold GmbH was founded in 2014 and has been focusing on efficient and complete recovery of metal scrap. Over the last years, UrbanGold was able to build a broad customer base and partner with an equipment manufacturer who offers turn-key solutions for UrbanGold’s recycling concepts. Together with Wieland, the concepts will be developed and enhanced further.
With this investment, the Wieland Group continues its strategic push to further improve the sustainability of copper as the preferred material for our customers, herewith also further increasing the attractiveness of our customers’ products in their end markets.