The double-digit million investment complements the service portfolio of the Remex Group, which has been processing municipal incinerator bottom ash and recycling recovered metals in the city state of Singapore for almost ten years. NEO Hardware Pte. Ltd. specializes in metal recycling and has been operating in this market for around 40 years. Last year, the family-run company traded quantities in the order of 140,000 tons. The metals are received, processed and resold at two locations in Central and West Singapore. The company's own extensive fleet of vehicles and machinery enables the direct dispatch of recycled goods within Singapore. Almost half of the quantities traded are exported. Sales markets include India, Indonesia and Malaysia.
In terms of NEO's management, the Neo family appointed Neo Jia Le as Managing Director. Remex appointed its long-time employee Xindi Wang as Managing Director. The German educated materials scientist was previously responsible for the Remex office in Shenzen, China, and will contribute his Asian sales contacts in Singapore.
