Sancon Resource Recovery Inc. (SRRY.OB) Continues Chinese Waste Plant Additions, Indicates 25 New Plants by Year End
Sancon Resource Recovery Inc., a waste management and recovery firm, works to collect and recycle commercial and industrial waste primarily in China and Australia. The company operates along the entire recycling chain, from collection to reintroduction. Although the world’s focus on environmental issues in China has been targeting air and water issues, waste disposal continues to be a reality for its very large manufacturing base. Sancon, working through licenses from the Chinese government, has taken advantage to become one of the leading waste management companies in the country (in a relative sense). The company’s second quarter results amounted to $0.02…