Scholz Recycling posts lower sales and earnings again in 2023

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In its 2023 business year, German metals recycler Scholz once again booked lower sales and earnings. As expected, its Chinese parent company Chiho Environmental Group reported a consolidated loss. Chiho said it had not yet concluded negotiations about repaying an outstanding loan but plans to take a number of measures to free up the necessary funds, including divesting selected assets and equity investments. ...

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