Europe's Largest Mobile Phone Recycling Facility to Open in UK

Excel Fortune Holdings announced recently that Europe's largest mobile phone recycling facility will be established in Wales, UK to service and supply what has until now been a fragmented supply chain.

The company led by Mike Bandeira, has committed GBP6million to the venture with an estimated total start-up investment, including capital turnover, of GBP15million. The project has also been offered funding by the Welsh Assembly Government.

Europe has been contributing 125 million phones per year and it needs to be reused. This service will have a significant impact on the way mobiles are re-used and re-introduced to the market.

A 120,000 sq ft facility will become Excel's European logistics hub and company headquarters and will have the capacity to handle up to 500,000 mobile handsets per month, once fully operational. 95% of the handsets collected in the UK will be recycled and then sold to developing countries such as China, India, Pakistan, Dubai and Bolivia.

Recruitment has already started in earnest to complete the first phase of set-up which will mean 150 initial jobs for the region.