Brookfield Resource Management Establishes Scrap Metal Facility In India

摘要

Brookfield Resource Management, a recycling company serving the New York and Chicago metropolitan markets, announced the establishment of a scrap metal processing facility in India's Punjab state. Brookfield's operations in India are the result of a joint venture between Brookfield and the Indian company Overseas Metals Inc. The JV will operate as a separate company known as Brookfield India Pvt. Ltd. "Establishing a facility in India is an important component in our long-term corporate strategy," said Tom Malone, President of Brookfield Resource Management. "In the near term, it provides the ability to sell directly into the Indian steel market, and over the long term acts an important stepping stone to achieving vertical integration within the international steel industry."