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CP Chemicals also recycles rhenium from superalloy turbine blades used in the aviation industry. The business, which employs 40 people, will be integrated in Umicore’s Cobalt & Specialty Materials business unit.
The acquisition enables Umicore to establish new cobalt and nickel recycling capabilities in North America which will supply its existing product businesses. This fits with Umicore’s overall strategy to close the loop and with the business unit’s strategy to strengthen its position along the cobalt and nickel value chain, from recycling to transformation and distribution.
