Chiho Environmental Group Limited (hereafter referred to as “CEG*) (00976 HK) is China’s largest and one of the largest publically listed global scrap metal recycling companies with extensive operations in the recycling of ferrous and non-ferrous metals scraps, end-of-life vehicles, electronic scraps and the production of secondary aluminum ingots from aluminum scraps. Our geographical presence across Asia, Europe and North America consists of more than 200 processing plants and yard operations.

In 2015, USUM Investment Group became the controlling shareholder of CG. USUM is China’s leading conglomerate across the sectors of recycling, real estate, healthcare, investment and financing. Under the guidance and the strong capital support of USUM, Chiho has entered into a new chapter to develop a global vertical supply chain.

At the end of 2016, Chiho completed its acquisition of Scholz Holding GmbH (“Scholz”), one of the world’s largest mixed metal recyclers with advanced end-of-life vehicle processing capabilities. With over a century of history in scrap metal recycling, Scholz together with its subsidiary Liberty Iron & Metal in the United States, own in house advanced technologies for Chiho to become one of a few recyclers in the world capable of handling and recycling a diverse range of materials.

Employing the “Urban Mining” concept to recycle reusable resources, Chiho aims to reduce our impact on the environment, reliance on natural resources and our carbon footprint.

In 2022, the Group processed and sold 3.8 million tonnes of recycled products, which reduced carbon emissions by about 9.7 million tons after equivalent conversion, doing its part in creating a sustainable economy.