SG Holdings and RenetJapanGroup,Inc. have entered into a capital and business alliance and aim to build a circular logistics model by combining a collection platform with a nationwide logistics network. The investment amount is approximately ¥290 million, giving SG Holdings an approximately 2% stake.
SG Holdings has entered into a capital and business alliance with RenetJapanGroup,Inc. to build a circular logistics system for the domestic recycling and conversion into materials of used products from households and businesses. The system will combine RenetJapanGroup,Inc.'s collection platform, SG Holdings' nationwide logistics network and expertise in reverse logistics, and the JX Metals Group's recycling technology.
Under the alliance, RenetJapanGroup,Inc. will plan, build and operate the collection platform, while SG Holdings will use its logistics network and collection expertise to advance the development of reverse logistics. The JX Metals Group will provide technologies, facilities and expertise in analysis, smelting, refining and conversion into materials, and promote resource recovery.
The agreement provides for subscription to a third-party allotment of shares, an investment amount of approximately ¥290 million, and an approximately 2% post-investment stake for SG Holdings. Going forward, the parties will advance efforts to collect and recycle small consumer electronics from businesses and consider expanding the types of products covered and collection methods. The SG Holdings Group will work to enhance the logistics infrastructure supporting resource circulation.