Strategic Consolidation |
Resource Exchange of America Corporation plans to consolidate the recycling business by joining asset recovery with processing and brokering services by acquiring companies within each of those sectors.
Resource Exchange of America Corporation has seen the need for consolidation in the recycling business. Controlling the entire value chain from asset recovery through processing and sorting and on to sales is essential to provide better service to end customers. Customers will need to utilize only one supplier to get a wider range of scrap metal at the right price.
The company has identified, for acquisition, a number of asset recovery companies, processing and sorting yards, and scrap metal brokers. During 2010, the company will bring many of these types of companies together, making a recycling powerhouse controlling all stages of the value chain.
Resource Exchange of America Corporation will identify and leverage the individual companies’ strengths and resources to the fullest extent, while synergies across the companies as well as corporate-wide process optimizations will bring all divisions to the same high standard. Our administrative functions such as accounting, procurement and human resources will be consolidated in one place, minimizing overheads.
The plans of Resource Exchange of America Corporation for consolidation of the recycling industry are the way forward to create added value for customers, employees, shareholders, and other stakeholders as well as for the benefit of the environment.
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| Update: Resource Exchange of America Corporation Announces Selection of ERP System |
| 27 October 2010 |
| SARASOTA, Florida, October, 2010 - Resource Exchange of America Corporation (OTCBB: RXAC.OB), a Florida-based recycling company, is pleased to announce that it has selected ScrapWareSV Software of ScrapWare Corporation as their new ERP system platform. The Company expects to be able to implement thi... read more |
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| Resource Exchange of America Corporation set to benefit from worldwide rise in steel prices |
| 21 October 2010 |
| SARASOTA, Florida, October 14, 2010 - Resource Exchange of America Corporation (OTCBB: RXAC.OB), a Florida-based recycling company, is pleased to comment on the latest figures for global steel prices.
Following an uncertain summer, the market has seen increases as high as 12% in some areas, du... read more |
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