Business |
The American scrap industry is a $30 billion industry, and has a great potential for acquisitions and roll-ups at this time. It is the aim of Resource Exchange of America Corporation to benefit from the timing of this opportunity to ensure exponential growth and profits.
The scrap metal market is very fragmented, compartmentalized and disorganized. The top 50 companies control about 40% of the market, and the other 60% of the market is divided among approximately 8,000 other companies. Resource Exchange of America Corporation will identify and locate relevant acquisition targets to further its vision of becoming a recycling powerhouse.
Annually, the industry processes about 75 million tons of ferrous metals and 10 million tons of nonferrous metals. Ferrous and nonferrous metals account for 60% of the entire recycling industry. The demand for recycled metal is extremely cyclical. It is possible to take advantage of this, because the patterns of these cycles can be observed and predicted from available statistics regarding supply and demand of scrap metal for the past two centuries. At the moment, demand is lower in the USA, but it is significant in Brazil, Russia, India, China and Korea. As the economy improves, demand in the USA will rise again, which will lead to higher rates on the domestic market.
Resource Exchange of America Corporation attends to the needs of both domestic and international markets, and can, at any time, sell scrap metal to the market offering the highest rates. This will significantly improve the profitability of the businesses we acquire.
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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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