Mitsui & Co., Ltd., a prominent Japanese conglomerate, has announced a strategic investment in MTC Business Private Ltd. (MTC), a leading metal recycling company based in Mumbai, India.
Following this investment, MTC will become an equity method affiliate of Mitsui, marking a significant step in Mitsui’s expansion into the Indian recycling market.
MTC: India’s Leading Metal Recycler
MTC is one of India’s largest metal recycling companies, boasting over 30 facilities throughout the country. Their operations encompass the collection, processing, transportation, and distribution of both ferrous and non-ferrous scrap metal.
MTC is also actively expanding into recycling end-of-life vehicles and used batteries, aiming to become a comprehensive recycler capable of handling a diverse range of waste materials.
Supporting India’s Growth and Decarbonization
Mitsui’s investment in MTC aligns with India’s rapid economic development and infrastructure expansion, which is driving a surge in demand for steel and other metals.
By contributing to the establishment of a recycled resources supply chain in India, Mitsui aims to support the country’s growth while promoting decarbonization efforts.
Aligning with Mitsui’s Strategic Goals
This investment aligns with Mitsui’s Medium-term Management Plan 2026, which emphasizes “Industrial Business Solutions” by securing stable supplies of critical resources and materials.
Mitsui has a strong track record in the ferrous and non-ferrous metals sector, with investments in major global recyclers like Sims Limited in Australia and MM Kenzai in Japan.
Promoting Circular Economy Solutions
Mitsui is committed to providing industrial solutions that enable the circular economy through urban mining and metal recycling on a global scale.
The investment in MTC represents a key step in this direction, leveraging MTC’s extensive network and expertise in the Indian recycling landscape to contribute to a more sustainable future.