ASTA Invests EUR 17 Million in Austrian Copper Recycling
ASTA Energy Solutions commits EUR 17 million to build a recycling plant in Austria, targeting 70% recycled copper use by 2030.
Key points
- ASTA Energy Solutions invests EUR 17 million in a new copper recycling platform in Oed, Austria.
- Production begins at the end of 2029, aiming for a 70% recycled copper share by 2030.
- The project reduces supplier dependence and lowers the carbon footprint of copper wire production.
ASTA Energy Solutions allocates EUR 17 million to a new recycling facility in Lower Austria. The capital expenditure targets a 70% recycled copper share in production by 2030.
Machinery orders commence in 2026 with production start scheduled for late 2029. The project reduces reliance on external suppliers by using secondary copper sources.
Recycling capacity expands at Oed site
The platform processes scrap from internal operations and external partners. Agreements for feedstock are being finalized alongside the construction timeline.
CEO Karl Schaecke states the move secures long-term access to high-quality wire. This delivery fulfills commitments made during the company's January 2026 IPO.
Economic rationale supports low carbon goals
CFO Daniela Klauser confirms the investment meets internal return requirements. The project is integrated into the medium-term financial planning framework.
TradingView reports that shorter transport routes lower overall logistics costs. Reduced supply chain complexity makes procurement more predictable for customers.
European copper supply chain strengthens
ASTA leverages technology from its existing Brazilian recycling platform. The Oed facility will undergo further technological development to meet local standards.
Europe sources limited primary copper locally, increasing the value of secondary production. Approximately half of current European copper usage already derives from recycled materials.
