EVERYTHING ROMCO

WHO ARE WE?

Romco are a UK multinational non-ferrous metal recycler with an emerging market focus.

We work with the goal of creating sustainability, leveraging the trade industry of metal recycling by creating usable recycled metal ingots for manufacturers of a broad range of necessities, reducing the need for raw materials mining.

Established in 2015, with headquarters in the UK and expansions across continents including West Africa, we are a growing recycled commodities enterprise focussed on communal and global impact.

Mission

To reduce global dependence on mining by way of recycling and smart waste management.

We have a global waste problem — there is too much raw materials mining creating devastating environmental damage. 

By collecting renewable waste from landfill, particularly within burdened developing nations, we recycle and refine those discards into usable materials for the manufacturing of necessities like packaging, vehicles, medical equipment, and construction supplies, and reduce the need for irresponsible virgin mining.

VISION

To become a global leader in the processing and trading of secondary materials to achieve ‘full global recyclable capacity’.

Eliminating the impact of destructive materials practices requires boldness, integrity, efficiency and a one-track sustainable mindset.

We are meeting the demand for massive energy and environmental conservation with ambitious investment in recycling production growth in emerging markets where the most neglect and irresponsibility occurs.

GOVERNANCE

Romco Group has adopted the Quoted Companies Alliance (‘QCA’) Corporate Governance Guidelines as an enabler of the company’s long-term success and development. 

We exist in accordance with the QCA guidelines as we grow to become a major distributor of non-ferrous metals across continents.

Romco’s success is pivotal on strong governance, principles of communal good, and adherence to our core values.

VALUES

Our values are not just words, they are everyday decision-making tools critical to our success.

Integrity, Efficiency, Boldness, and Sustainability are the primary values we use to determine our direction.

They underpin every crucial Romco decision from inception to date, and are owed the lions share of praise for our achievements.

CORPORATE RESPONSIBILITY

Corporate responsibility doesn’t start and end with managing a supply chain. It means investing boldly and fairly in everyone involved in the process.

It’s about being stewards of individuals, communities, and the environments we operate in.

Our ethics demand we take responsibility for what’s in front of us, so our focus starts with individuals:

  • No matter the job, gender, age, sexual orientation or race, everyone in The Romco Group has equal access to health, safety, personal development, fair pay, and growth opportunities.
  • We are committed to paying at above the national living wage in measurable sectors within emerging markets.
  • In nations or regions where healthcare is not publicly available or free, underfunded and/or insufficient, we have committed to the funding and provision of private healthcare insurance, or appropriate equivalent, for every employee in the Romco Group. Quality care for the health and safety of our staff is a top priority and the minimum we can do for those a part of our vision.
  • We recently launched a personnel growth initiative, ‘The Pursuit Program’, for all staff, which funds studies at a local technical school for the advancement of technical job skills to help individuals reach their career potential — even if it’s not with us.
  • Romco are funding an internship program for local metallurgy students to apply their trade and learn a practical skills application in the renewable metals market. Guiding bright talent into sustainable metals production instead of raw materials mining is critical to the reduction of toxins, co2 emissions, harmful waste and irresponsible practice we want to see in our communities.
  • We are proactively anti-child labour, including inspections of our broader supply chain. Child labour is a serious problem, albeit sometimes a less obvious one from a UK viewpoint, so Romco have taken overt measures to ensure no individual is taken unfair advantage of in developing nations.

As we’re working in developing markets in need of amelioration, we also take responsibility for broader communal impact. We’ve made the bold decision to invest tangibly in the small businesses we work alongside — helping to create thriving local businesses in the sustainable sphere. 

We have launched a local buying program for small businesses to access funds for growth and trade in the renewables sector. 

We have spent over £2million to date helping small businesses in our communities increase their agency and prosperity for future development and trade, helping see more successful, cleaner, and healthier communities around us.

Accreditations

The Romco Group is ISO 9001 and ISO 14001 certified.

ISO accreditations confirm management systems, manufacturing processes, services, and documentation procedures meet international quality standards to ensure consistency.

PRODUCTS & SERVICES

ALUMINIUM

Aluminium (Al) is the primary product we recycle. It is one of the most effective global carbon emissions and power usage reduction practices.

We currently produce UDC, Alloys ADC12 and 226. These are used for manufacturing, food & beverage containers, medical equipment, and much more.

Recycling aluminium reduces toxic landfill, replaces plastic, and prevents more than 90 million tons of carbon dioxide from being released into the atmosphere each year.

Key Aluminium attributes:

  • Raw production is responsible for over 3% of global power usage.
  • 100% recyclable, unlimited recyclable lifecycle.
  • Recycling uses 95% less energy than mining and emits 92% less Co2.
  • 1mt recycled saves 8mt of bauxite emissions.
  • 75% of global aluminium is currently recycled, but 100% is theoretically achievable.

COPPER

Copper (Cu) is the newest addition to our Romco Metals production line.

We started recycling copper in 2020 and are yeilding impressive results already.

Key Copper attributes:

  • Copper has the highest electrical conductivity of any metal, apart from expensive silver, ensuring consistent demand.
  • 100% recyclable, unlimited recyclable lifecycle.
  • Mining and refining (purification) of copper produces dust and waste gases, such as harmful sulphur dioxide, which are virtually non-existent from recycling production.
  • Recycling uses 63% less energy than mining and emits 65% less Co2.
  • It is much cheaper to recycle old copper than to mine and extract new copper and recycled copper is worth up to 90% of the value of original copper.

OTHER METALS COMING SOON...

At present, we produce non-ferrous materials, but we plan on expanding other base metals such as lead, zinc, and steel, all the while sustaining environmental conservation by sourcing from renewable feedstock.

SALES SERVICE

Metal ingots are supplied to our partners via long-term contracts (redeemable on request) for transformation into food and beverage packaging, aerospace components, auto parts, batteries, copper pipes, structural components for infrastructure, among other uses. We have significantly increased our supply output to support high demands for 2020, and welcome new trade enquiries.

WHY TRADE WITH ROMCO?

  • Competitive pricing
  • Large production supply and feedstock demand with 3000mt output a month.
  • All shipments and purchases are insured with AXA for additional financial security
  • Partnered with Minehub™ Block-Chain Technology for 100% tracked supply chain ensuring to-the-minute trail and trade accuracy
  • Advanced logistical efficiencies with global network of traders.

OPERATIONS OVERVIEW

We have implemented strong, scalable metal recycling solutions tailored for emerging markets.

The model has proven successful and profitable. The demand for secondary materials is also further increasing.

With plants across two countries, Romco are expanding operational capacity within existing facilities and replicating further into areas it is needed most:

  • Where renewable waste materials are excessive, poorly managed, and/or dumped irresponsibly from bad actors;
  • Where environmental regulations are not fit for purpose, an all too common problem in developing; nations
  • Where earnings are deliverable through market access and operational efficiency

We utilise a variety of processes to achieve our goals, see Production Process for more details.

PERFORMANCE OVERVIEW

2020 has been our best year yet. We are on track for a production increase of over 600% from 2019. 

This is due to the implementation of our long-term strategic investment plan, seeing 2020 deliver on the execution of new facilities, a new factory in Ghana, smelter upgrades, product diversification and key personnel acquisitions. 

The increase in demand for metals in various end-use industries such as construction, electronics, and automotive, alongside responsible corporate recycling quotas, international declarations for the reductions of green-house emissions, and the demand for low emissions recycled materials to replace primary resources, has driven increases in demand for metal recycling. 

Due to recent investment, we offer more favourable terms and metals diversity to suppliers, ensuring growth to our operations and performance.

ORGANISATIONAL STRUCTURE

THE EXECUTIVE TEAM

NEIL BUCKLEY

Romco Chairman Neil Buckley is a globally experienced CIO, CTO, C-Suite leader and Board Member having worked in senior executive roles for Bankers Trust, Merrill Lynch, GMAC, ING group, Doha Bank in London, New York, Tokyo, Amsterdam and Doha.

PAUL GRIFFITHS

Paul Griffiths is an experienced Executive/Non Executive director having worked alongside successful entrepreneur including Sir Stelios Haji-Ioannou (easyJet Founder) and Brent Hoberman (Lastminute .com Co-Founder).

RAYMOND ONOVWIGUN

Raymond Onovwigun is the Co-Founder and CEO of Romco and helped conceptualised the idea after realising the growth that was unfolding in emerging markets, in particular Africa.

SVEIN NODLAND

Svein Nodland brings more than 30 years Board and Senior Management experience from different Continents to the Company. A seasoned and respected executive with international firms.

PRODUCTION PROCESS

Recycling metals has been around since the Romans, but never been more important than now.

This is how we do it today:

FEEDSTOCK

Feedstock is sourced from local merchants from various countries and the materials enter one of our processing facilities located in Nigeria or Ghana.

WEIGHING & INSPECTING

Materials are weighed and inspected, and the pre-agreed rate is given to the supplier and customer is paid.

PROCESSING THE NON-FERROUS METALS:

Sorting

Different types of non-ferrous metals need to be separated from each other, as well as from other recyclables such as papers and plastics, in order to recycle appropriately.​

Smelting

The recovered materials are melted down in a furnace, poured into casters and shaped into ingots. This step requires the use of a significant amount of energy (extreme heat for melting).

Moulding

Metals/ingots are manipulated or transformed into specific forms such as flat sheets and other wrought products, which can be easily used to manufacture new metal products.

Selling

Ingots are now shipped for sale, and are exported to manufacturers around the world.

Shearing

Metals are cut into manageable sizes using hydraulic machinery capable of exerting enormous pressure.​

Baling

Non-ferrous materials are compacted into large blocks to facilitate handling and transportation, usually shipped to domestic consumers.​

Recycled metal is essential in residential, industrial and commercial uses. Material selection for mechanical or structural applications require some additional considerations. Depending on the end-use, metals can be simply cast into the finished part, into an intermediate form such as an ingot, and then worked (wrought) by rolling, forging, extruding or other processes of deformation.

SUSTAINABILITY

Sustainability is why we got into the recycling business.

We see the sustainable practice of recycling as the most important strategic tool for solving the biggest problem: a polluted, warming, shrinking world with ever-decreasing limited resources.

We think recycling and the development of renewable resources are crucial to reducing pollution, protecting the ecosystem, and helping ensure a liveable and beautiful planet for future generations.

We do this by focusing our efforts on reducing harmful landfills, carbon dioxide (CO2) emissions, power usage, poor waste management, and other harmful toxin emissions, all made possible by eliminating the need for excessive virgin mining.

Through our recycling process alone, we save 79,000 kilotonnes of CO2 every year. For each tonne of recycled aluminium we produce, we save up to 12 mWh of power, 4 metric tonnes of carbon emissions, 8 metric tonnes of bauxite from the atmosphere, and 7.6 cubic meters of landfill, as compared to primary production from virgin materials mining.

Our collective work is to reduce global dependence on mining by way of recycling and smart waste management, all the way to a sustainable future.

Our overall bid is to make the planet more sustainable through recycling, with the vision of achieving ‘full global recyclable capacity’. We plan to achieve this by expanding and sustaining our structured growth across all continents.

STRATEGY

Our investment strategy is best interpreted through our tagline: ‘Invest. Reduce. Grow.’

…What does that mean?

We want to dominate the renewable metals market by investing in equipment, plants, people & the environment, in a structured and bold way to produce more recycled materials for the growing metals market; thereby reducing the demand for virgin mining, and growing a profitable sustainable business in the renewables sector helping create a more liveable, beautiful planet.

We invest to reduce and grow.

Our particular strategic focus is on the emerging markets in developing nations because of the excess of feedstock, huge amounts of discarded waste as a result of irresponsible practices, and immediate positive impact we can make.

We also take advantage of our natural strengths and ties in West Africa, alongside our UK-based governance and networks, to leverage a strong and profitable business model which is scalable, sustainable, and set for large structured industrial expansion.

COMMUNITIES

The Romco world is large, but our focus is small.

Investing in communities means investing in people – above average wages, technical skills training, healthcare, internships, and most importantly safe practices. We want everyone to see a better future.

As we invest in the growth of our people, so too will their communities grow— all in line with our ethical, responsible, and structured approach.

More detailed information about our community approach can be found in our ESG Report.

GROWTH FORECASTS

We invest to reduce the harmful effects of mining, but that’s only possible if we grow.

The metal recycling market continues to grow alongside the industry’s increasing awareness of efficient utilisation of natural resources. The rapid industrialisation, growth in infrastructural activities, and urbanisation in developing countries are enabling the growth and demand for metal products.

Our picture is no different.

Revenue reached £800,000 in 2018, exceeded £2.5m in 2019, and is now on track for a breakout year of over £10 million for 2020. 

Our investment in new equipment, furnaces, plants, people, and trade links is yielding strong growth that is allowing us to expand our production and diversification capabilities exponentially.

DIVERSIFICATION

We are growing, and so is our product range.

Until 2020, The Romco Group only recycled aluminium… Not now.

Expansions have seen Copper incorporated into our production line and we are already seeing that diversification investment achieve strong profits.

Other base metals such as lead, zinc, steel, and rare earth metals are in the plans to increase profitability and protect the business model against shifting metals prices.

Diversification is a key element to achieving our wholistic vision of recycling our way to a sustainable future.

BE INVOLVED

We invest to reduce the harmful effects of raw materials mining for a cleaner, more liveable future — but we can’t do it alone. 

If you would like to get involved and have an investment enquiry please direct your request through our contact page.

 

LATEST INVESTOR REPORT

Investor Reports are available to current investors. Please contact us if you would like more information.

OVERVIEW

We’ve decided to become big reducers.

We are living with the disastrous effects of irresponsible management of the finite resources of our planet. The effects are getting worse.

Raw materials mining and poor resource practice is responsible for the destruction of our eco-systems, air quality, land, water, ocean cleanliness, habitats, fauna, temperatures, forests, and lives — our home. 

We are liable, and charged with the responsibility to change that.

Increasing recycled materials supply to the point of ‘full global recyclable capacity’ is imperative in reducing (and eliminating) the reliance on raw materials mining for our means.

Meeting this one goal alone would dramatically reduce landfill, carbon emissions, power usage, toxins, plastic reliance, air pollution, environmental destruction, and effects of climate change.

To grow, we must become reducers. 

Guided by the three R’s (Reduce, Reuse, and Recycle) Romco work towards this goal with investors, traders, and manufacturers across continents, collectively reducing global dependance on raw materials mining by way of recycling and smart waste management. There’s so much more to do, but we’re on our way.

BY THE NUMBERS

We’ve reduced enough Co2 emissions, compared to raw materials mining, to drive 29,000,000 miles in a standard car, or fly around the world 920 times in a Boeing 747.

At the time of writing, August 2020, we had recycled 10,350 tonnes of aluminium. In comparison to virgin-ore mining, that represents reductions of:

  • 36,993 kt/CO2 emissions
  • 128,519 kWh’s of Power
  • 78,760 mt of Landfill
  • 82,800 mt of Bauxite

That’s the equivalent power needed to power 128,000 computers, or the emissions of the entire Falkland Islands for 1 year and the elimination of the topsoil amount of 87 football fields worth of waste that might have been buried forever.

MORE TO DO

The waste and emissions problem isn’t getting any better, it’s verifiably getting worse.

We believe that needs to change, and that we have everything we need if we work together. 

Our plans to reduce environmental impacts by growing our portfolio and capacity are large. We plan to recycle zinc, lead, steel, rare earth metals, and more.

We also have ambitions to move beyond the metals market. We recognise plastic waste and the burden it has on our oceans and wildlife as a significant frontier to conquer.

As we aim to become a global leader in the reduction of the reliance on mining, it is imperative we continue to expand our work, partnerships, alliances and lobbying for structural change.

GET INVOLVED

Want to help? 

Sign up to our newsletter to receive the latest news and updates. The best way to get involved is to stay informed.

Join us and grow a more sustainable environment by investing. Work with us as we reshape the renewable waste sector globally.

OVERVIEW

The Romco story has been a story of growth from day one.

Starting with just one small baler five years ago, Romco now operate from three countries, over two continents, with two factories, shipping to over seventeen countries with a production capacity of 3000 metric tonnes of recycled non-ferrous metals per month.

But there’s more to do.

Recycling our way to a sustainable future requires not just smart investment and radical reduction, but bold and persistent growth.

Our second phase raise, commenced as of April, 2020, in line with our strategic CapEx planning, epitomises our determination to be a force in the renewable metals market and make serious contributions to the reduction of landfill and contraction of raw materials mining.

BY THE NUMBERS

Some of our 2020 achievements:

  • 5 new smelters increasing production capacity over 1500%
  • New factory opened in Ghana
  • Capacity increased from 600mt a quarter to over 9000mt a quarter
  • Copper added to our recycling line
  • £1.13 million in loans issued for Small Business Buying Program
  • Access to Chinese market
  • Phase two raise for CapEx planning commenced

MORE TO DO

Growth is in our DNA, we don’t expect to stop soon.

We are expanding into new countries, with facilities and operations earmarked for expansion throughout West Africa. New trade links will potentially see a trade hub developed in Cyprus. 

Some of our eco-expansion plans include carbon capture bricks for local communities, river plastic capture, solar and bio-diesel energy conservation installations, and ‘ending single-use-plastic’ initiatives.

GET INVOLVED

Romco Group’s growth relies on strong governance, corporate stability, transparency, and structure. 

We are taking advantage of our emerging market access, substantial feedstock, and increased demand for recycled materials to further expand our operations and profitability.

You can be involved by Signing up to our newsletter to receive the latest news and updates, or help us grow a more sustainable environment by enquiring about investing.

LATEST NEWS

A chronological stream of all our articles and major industry announcements.

INSIGHTS

Industry insights to make you think a bit more about the wider implications of resource management problems.

MEDIA RELEASES

Company announcements, changes, and board statements.

MILESTONES

Achievements and milestones across the Romco Group.

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