StockWatch
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Waste Management
Joint Venture20 Jul 2026, 12:29 pm

Eco Recycling Ltd Forms 50:50 JV with ERI, USA

AI Summary

Eco Recycling Limited announced the formation of a 50:50 Joint Venture (JV) company in India with Electronic Recyclers International, Inc. (ERI), USA. The JV will focus on IT Asset Disposition (ITAD), enterprise recycling, circular economy solutions, resource recovery, and secure data destruction. The Board of Directors has approved the formation of the JV and the execution of definitive agreements, including the Shareholders' Agreement and Operating Agreement, which will outline governance, equity subscription, and operational details. This strategic alliance aims to leverage the expertise of both companies in the growing e-waste and recycling sector.

Key Highlights

  • Eco Recycling Ltd to form a 50:50 Joint Venture with ERI, USA.
  • JV will focus on ITAD, enterprise recycling, and circular economy solutions.
  • Board approved JV formation and execution of definitive agreements.
  • The partnership aims to expand services in resource recovery and data destruction.