The plant will have 25,000 metric tons input and produce output in Copper, Aluminum, Alloys and Plastic.
The joint venture will be 51% owned by Grab and 49% by a local group already present in the waste recycling business locally.
Upon completion, the facility is expected to provide estimated revenues in excess of EUR11m ($15. 4m) and EBITA in excess of EUR6m ($8.4m) per year of operation.
The joint venture will sell all raw materials to local entities for further processing.
The company will then construct, own and operate a 25,000-metric ton E-Waste plant, and the estimated cost of the project including land, building and plant is expected to be about $25m and is scheduled to be completed by September 2012.
