Olympus Capital invests $45 mln in e-waste recycler Li Tong Group
Thursday, December 10, 2015
(Reuters by Elizo Barreto) – Private-equity firm Olympus Capital Asia said it would invest $45 million for an undisclosed stake in Hong Kong-based Li Tong Group (LTG), which recycles mobile phones, game consoles and other electronic equipment for technology giants including Apple Inc and Microsoft Corp.
The investment comes as electronic waste from mobile phones, computer hardware and other devices is expected to grow 18.3 percent a year during 2010-2017 and reach 43.8 million tonnes, Olympus said in a statement on Thursday.
