Rimeco

Name

Rimeco

Legal name

RIMECO Aktieselskab

Website

https://rimeco.com

Company type

Private

Founded year

1888

Operating status

Operating

Headcount range

11–50 employees

Short description

Rimeco is a fifth-generation, family-owned Danish metal recycling and processing company founded in 1888, trading ferrous and non-ferrous scrap, steel products, and cable granulates, and providing demolition and WEEE recycling services to industrial customers across Denmark, Sweden, Norway, Germany, Turkey, and Europe.

Ownership category

akta.pro rank

Headquarters

HQ city

Aabenraa

HQ country

Denmark

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Scrap metal trading: Core revenue stream from buying and reselling ferrous (iron, steel) and non-ferrous (aluminium, brass, copper, lead, stainless steel) scrap metals, processed metal fractions, and steel products (coils, plates, pipes, casings, slabs). Rimeco handles over 50 grades of ferrous and non-ferrous products conforming to internationally recognised specifications (Eurofer E1–E8), sold to domestic and export markets worldwide.
2. Recycling and processing services: Revenue from granulation, shredding, and processing of end waste from shredder operations (cars, household appliances), cable recycling (WEEE), and complex metal fractions. Services include cable granulation, plastic separation, and custom processing for furnace-ready materials tailored to customer specifications.
3. Power plant demolition projects: Project-based revenue from large-scale demolition and recycling of decommissioned power plants. Rimeco acquires, demolishes, and recycles coal-fired power plants (Enstedværket, Stigsnæsværket), selling recovered metals and materials, and in some cases developing acquired industrial sites.
4. Weighbridge and ancillary services: Commercial weighbridge services at Aabenraa Harbour available to third parties at DKK 4 per tonne. Revenue from site leases and ancillary commercial services at port facilities.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Rimeco buys, processes, and resells ferrous and non-ferrous scrap metals, reusable steel products, foundry scrap, and recovered plastic fractions for industrial customers. Its Aabenraa-based cable granulation plant produces 99.5% pure copper, aluminium, and iron at 50 tonnes per day, complemented by shredding, separation, and WEEE processing. The company also undertakes large-scale industrial demolition projects (notably power plants) and provides port-side logistics from an 18m deep-water harbour.

Product overview

RIMECO is a fifth-generation family-owned recycling company established in 1888, operating as a unified platform focused on scrap metal recycling and trading. The company has transformed from a trading company to a processing powerhouse, offering ferrous and non-ferrous metal recycling, steel trading, cable granulation, WEEE recycling, demolition services, and logistics. The core product portfolio includes Ferrous Steel Scrap (E1-E8 grades), Non-ferrous Metals (copper, aluminum, lead, brass, stainless), Steel Products (plates, coils, pipes, beams), Cable Granulation & Recycling, WEEE Recycling, Reusable Steel, Foundry Scrap Processing, Plastics Recycling, and Processing Technology/Shredding. These are complemented by Demolition Services and Logistics & Transportation. The company operates advanced shredding and separation facilities in Aabenraa, with processing capabilities for complex metal fractions and a focus on high-value recycling of materials that would otherwise end up in landfills.

Differentiator

Problem solved

Functional benefit

Products and services

• Ferrous Steel Scrap
• Non-ferrous Metals
• Steel Products Trading of steel products including hot rolled plates, HR/CR/Galv/PPGI coils, casing and drill pipes, beams, round bars, coil ends, and stainless steel, with a weekly stocklist of in-stock qualities.
• Cable Granulation & Recycling Advanced recycling processes to extract valuable metals from discarded cables, including a granulation facility producing 99.5% pure copper, aluminium, and iron at 50 tonnes per day, operating two shifts from 5am to 10pm.
• WEEE Recycling Comprehensive recycling solutions for Waste Electrical and Electronic Equipment (WEEE), safely dismantling and recycling items to recover valuable components.
• Plastics Recycling Processing of plastic fractions from cable granulation and shredder operations into homogeneous recycled raw materials (PVC, PE, ABS-PS, PE-PP) and Solid Recovered Fuel (SRF), ready to re-enter production chains.
• Foundry Scrap Processing Processing and transformation of obsolete scrap into furnace-ready materials tailor-made to suit specific foundry requirements, using technologically advanced equipment.
• Demolition Services Large-scale industrial demolition services including power plant decommissioning, controlled explosions, and material recovery, with expertise in high-value recycling of demolished structures.
• Logistics & Transportation

Quantifiable outcome

• 99.5% purity level achieved in recycled copper, aluminium, and iron from cable granulation
• +7 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

17 partnerships are on record, tiered core and minor.

• HJHansen Recycling GroupcoreStrategic or Co-development Partner · 1 November 2022In November 2022, Rimeco sold its steel scrap collection, export activities, and berths at Kolding Harbour to HJHansen Recycling Group. The deal included transfer of Kolding Harbour staff. Rimeco retains a referral relationship, directing iron scrap collection enquiries in Denmark to HJHansen, and the two companies expect to further develop their existing fine collaboration. HJHansen operates 25 locations in Denmark and Sweden with 240 employees and DKK 3.7 billion revenue.
• LauridsencoreStrategic or Co-development Partner · 1 January 2020Strategic partnership formed in 2020 under a broad political circular economy agreement. Rimeco supplies plastic granules from cable granulation to Lauridsen's production in Poland, where plastic is used in its original form (without additives) for Danish wastewater sector products. The partnership achieved End-of-Waste classification for the plastic granules from the relevant authority. Life cycle analysis (LCA) by an accredited institute indicates CO2 emissions from recycled plastic production are approximately half those of concrete production.
• Johannes Landwehr Abbruchunternehmen GMBHminorImplementation/ SI/ Consulting Partner · 1 November 2019German demolition expert partner that assisted Rimeco in taking down a 100-metre-high wind turbine tower in Paderborn, Germany in November 2019.
• Richard Liesegang GMBH & Co. KGminorImplementation/ SI/ Consulting Partner · 1 November 2019German demolition expert partner that assisted Rimeco in the precision blast demolition of a wind turbine tower in Paderborn, Germany in November 2019.
• Stigsnæs Industripark A/S (Consortium)coreStrategic or Co-development Partner · 9 May 2019Rimeco is one of four founding members of the consortium Stigsnæs Industripark A/S, which acquired Stigsnæsværket power plant and Stigsnæs Transithavn from Ørsted in 2019. The consortium also includes Kloster A/S (transport, stevedore), HM Entreprenør A/S (contracting, infrastructure), and P. Olesen & Sønner A/S (demolition). Rimeco's role includes demolition of the plant and developing the harbour into one of Denmark's most efficient industrial harbours.
• Kloster A/SminorStrategic or Co-development PartnerPart of the Stigsnæs Industripark A/S consortium. Kloster A/S brings transport and stevedore expertise with many years of experience in transport and stevedore operations.
• HM Entreprenør A/SminorStrategic or Co-development PartnerPart of the Stigsnæs Industripark A/S consortium. One of Denmark's largest contracting companies with many existing projects in Zealand.
• P. Olesen & Sønner A/SminorStrategic or Co-development PartnerPart of the Stigsnæs Industripark A/S consortium. Denmark's largest demolition company with particular expertise in large industrial plant demolition.
• Aabenraa HarbourcoreStrategic or Co-development PartnerLong-standing port partner at Aabenraa Harbour. Rimeco has a quayside berth for steel scrap loading and discharging, with 18-metre water depth accessible to the largest freighters. Rimeco has expanded its commercial lease at the harbour by 10,000 sqm for sorting and storage.
• Ørsted (formerly DONG Energy)coreStrategic or Co-development PartnerØrsted sold Enstedværket and Stigsnæsværket to Rimeco (and the consortium) for demolition and recycling. Ørsted is transitioning from coal to renewable energy and divesting its fossil fuel power plant assets.
• Bureau of International Recycling (BIR)minorOthersBIR is the global recycling industry federation representing more than 30,000 companies worldwide. Rimeco holds Gold Member status with BIR, which represents the global recycling industry and plays a crucial role in sustainable economic development.
• Danish Recycling Industry (Genvindingsindustrien)minorOthersNational trade association for Danish recycling companies.
• Danish Shipping and Port Companies (Danske ShippingOgHavnevirksomheder)minorOthersNational trade association for shipping and port companies in Denmark.
• Port of Zealand (Portofzealand)minorOthersPort association connecting Danish ports including Stigsnæs Transithavn.
• BDSV (Bundesverband Deutsche Stahlrecycling und Entsorgung)minorOthersGerman steel recycling and disposal association. Rimeco follows BDSV specifications for ferrous scrap grades.
• Svenska Järn (Swedish Iron Association)minorOthersSwedish iron and metal trade association with which Rimeco maintains membership due to its Swedish operations.
• Municipality of AabenraaminorStrategic or Co-development PartnerThe municipality is the purchaser of the Enstedværket site post-demolition, for development as an industrial area. The municipality also provides permits and ongoing dialogue with Rimeco for demolition and redevelopment projects.

Scale indicators12 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• HJHansen Recycling Group:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Customer concentration

• YouTubeyoutube.com/channel/UCm58oPJgaggXvf3A6pOvNVw
• LinkedInlinkedin.com/company/rimeco-a-s
• Facebookfacebook.com/rimecojob

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rimeco