Cozzi, Universal Scrap set up joint venture.Cozzi Cozzi is a name that is derived from Italian heritage and origin, most of the families with this name are located in Italy (Italia) others that have migrated into America in the 1900s live in the eastcoast in the states of: New Jersey, New York, Delaware, Maryland, Massachusetts, , Universal Scrap Set Up Joint Venture Cozzi Iron and Metal, Inc and Universal Scrap Metals have formed a joint venture to process nonferrous non·fer·rous adj. 1. Not composed of or containing iron. 2. Of or relating to metals other than iron. nonferrous Adjective 1. metals for recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. . Initially, the new venture will shred and process aluminum scrap for shipment to foundries, smelters and refineries. The new company, UNICO Unico is a technology transfer organisation that represents the Technology Exploitation companies of UK Universities. It was founded in 1994. UNICO's website states that "It provides a forum for exchange and development of best practice. Recycling, Inc., Chicago, will buy, process and sell aluminum scrap, and shred aluminum for customers for a tolling fee. "While exploring ways for our company to grow," Cozzi president Albert Cozzi said, "nonferrous metal processing, and aluminum shredding shred n. 1. A long irregular strip that is cut or torn off. 2. A small amount; a particle: not a shred of evidence. tr.v. in particular, seemed like a natural extension of our ferrous ferrous (fĕr`əs), iron in the +2 valence state. Containing or having to do with iron. The difference between ferrous and ferric is the number of valence electrons they contain (ferrous contains two and ferric contains three), which processing while providing the key to increase our presence in the nonferrous marketplace." Universal Scrap Metals president Philip L. Zeid said the joint venture is a perfect fit. "We're taking the scrap processing expertise of Cozzi, and our expertise in nonferrous metals, creating a formidable processing and marketing venture," he said. "The need exists and the opportunities for growth are many." Cozzi said he was confident that UNICO will soon be processing at least 100 tons of aluminum a week. He also expects the venture to expand into other nonferrous metals. Cozzi said he was confident that metal processor in the Midwest, processing 70,000 tons monthly at five facilities in the Chicago area. The company recently acquired additional facilities in Pittsburgh and Milwaukee. Universal Scrap Metals, one of the largest nonferrous scrap metal dealers in the Chicago area, processes and markets all types of industrial scrap metals. |
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