HERMOD TEIGEN AS
Hermod Teigen AS is a fourth-generation Norwegian metal recycler operating six coastal facilities, purchasing ferrous and non-ferrous scrap from industrial and individual sellers, and processing it through Rogaland's only fragmentation plant for sale to smelters as secondary raw materials.
- Company typePrivate
- Founded1901
- HeadquartersLierbyen, Viken, Norway
- Headcount1–10
- GTM typeB2B
- OfferingServices
What HERMOD TEIGEN AS does
Hermod Teigen AS is a fourth-generation, family-owned Norwegian metal recycling company founded in 1901, headquartered in Sandnes (Foss Eikeland) with six operational facilities along the Norwegian coast (Sandnes, Tau, Randaberg, Tananger, Eigersund, Lyngdal) and co-ownership stakes in three additional regional recyclers (Fosen Gjenvinning, Kongsberg Samlesentral, Vartdal Gjenvinning) that collectively cover the full Norwegian coastline. The company operates three integrated service lines: purchase and recycling of ferrous and non-ferrous metals (iron, steel, copper, brass, aluminum, lead, zinc, stainless steel, and specialty alloys) priced off international commodity indices; vehicle scrapping with a 95% recycling rate processed through Rogaland's first and only fragmentation plant in Egersund; and approved-receiver collection of hazardous lead batteries from cars, boats, and tractors.
The underlying technology platform centers on the Egersund fragmentation facility, which mechanically separates complex iron into iron, metals, and waste fractions for downstream smelting, and a detailed metal classification system covering ferrous and non-ferrous grades. Logistics are port-anchored (Risavika, Tananger) to support bulk shipment, with demonstrated single-load capacity of 2,000 tons of scrap iron. The company holds ISO 9001/14001 certification (2023) and operates a minimal digital footprint — a content website plus an active Facebook page — with no proprietary software or AI/ML systems evident.
The business model is commodity-spread based: Hermod Teigen purchases scrap from industrial companies, farmers/agriculture, and private individuals at index-linked prices, processes through fragmentation and classification, and sells secondary raw materials to smelters, capturing the processing spread. Vehicle scrapping generates transaction fees plus the 3,000 NOK vrakpant incentive (paid by the Norwegian Tax Administration). Go-to-market is direct-to-facility drop-off combined with field sales to industrial accounts and an arranged vehicle pickup service. Revenue is therefore highly correlated with international metal price cycles rather than contract-based recurring revenue.
HERMOD TEIGEN AS firmographics
Firmographics- Name
- HERMOD TEIGEN AS
- Legal name
- Hermod Teigen AS
- Website
- https://hermod-teigen.no
- Company type
- Private
- Founded year
- 1901
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Hermod Teigen AS is a fourth-generation Norwegian metal recycler operating six coastal facilities, purchasing ferrous and non-ferrous scrap from industrial and individual sellers, and processing it through Rogaland's only fragmentation plant for sale to smelters as secondary raw materials.
- Ownership category
- akta.pro rank
HERMOD TEIGEN AS industry classification
Industry- Product category
- Metal Recycling Services
- NAICS
- Recyclable Material Merchant Wholesalers (42393), Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum) (331492), Hazardous Waste Treatment and Disposal (562211)
- SIC
- Wholesale-Metals & Minerals (No Petroleum) (5050), Secondary Smelting & Refining Of Nonferrous Metals (3341)
- akta.pro primary industry
- Scrap Collection, Brokerage & Trading (Dealers, Aggregators, Exporters) (EUAIAJAH)
- akta.pro secondary industries
- Scrap Metal Collection, Logistics & Aggregation (Yards, Roll-off, Container Programs) (IMAKAMAK), Ferrous Scrap Processing & Recycling (Steel/Iron) (EUAIAJAA), Non-Ferrous Scrap Processing & Recycling (Aluminum, Copper, Brass, Lead, Zinc) (EUAIAJAB)
Keywords
Where HERMOD TEIGEN AS is headquartered
LocationHeadquarters
- HQ city
- Lierbyen, Viken
- HQ country
- Norway
- HQ region
- Europe
Offices6 records
Markets served
HERMOD TEIGEN AS business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure
Revenue model
- Metal Purchasing and Recycling: The company purchases all types of metals from industrial companies and private individuals, processes them, and sells as secondary raw materials to smelting facilities. Prices are based on international market indices and commodity exchanges.
- Vehicle Scrapping Services: The company accepts end-of-life vehicles, performs environmental remediation, processes through fragmentation facility, and ensures 95% recycling rate. Vrakpant (scrapping incentive) is paid by the Norwegian Tax Administration.
- Lead Battery Recycling: Company is an approved receiver for lead batteries from cars, boats, and tractors marked with Pb symbol. Lead batteries are hazardous waste but also recyclable resources.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Vehicle scrapping service with 3,000 NOK scrapping incentive |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels2 records
HERMOD TEIGEN AS product offering
Product offeringCore offering
Hermod Teigen AS purchases and recycles all types of ferrous and non-ferrous metals (iron, steel, copper, brass, lead, zinc, aluminum, stainless steel) from industrial companies, farmers, and private individuals. It runs an approved vehicle scrapping service through Rogaland's only fragmentation plant in Egersund, achieving 95% recycling rates, and serves as an approved collection point for hazardous lead batteries from cars, boats, and tractors. Processed materials are sold as secondary raw materials to smelting facilities, with pricing tied to international commodity indices.
Product overview
Hermod Teigen AS operates as a single integrated metal recycling platform rather than a modular product suite. The company offers three core service lines: (1) Jern og metaller - the purchase and recycling of all metal types including iron, steel, copper, brass, aluminum, and specialty alloys; (2) Vraking av bil - vehicle recycling with 95% recycling rates through their Egersund fragmentation facility; and (3) Blybatteri - approved lead battery collection. These services are delivered through six coastal facilities across Norway (Foss Eikeland headquarters, Tau, Harestadvika, Tananger, Egersund, and Lyngdal), unified by a shared commitment to circular economy principles since 1901.
Differentiator
Problem solved
Functional benefit
Products and services
- Jern og metaller (Iron and Metals Recycling) Purchase and recycling of all types of ferrous and non-ferrous metals including iron, complex iron, steel, copper, brass, lead, zinc, aluminum, stainless steel 304, and acid-resistant steel 316. Prices are based on international market indices and commodity exchanges. Customers deliver scrap to any of six coastal facilities in Norway.
- Vraking av bil (Vehicle Scrapping)
Quantifiable outcome
- 95% vehicle recycling rate
- +2 more outcomes
Companies that use HERMOD TEIGEN AS
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
HERMOD TEIGEN AS technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
HERMOD TEIGEN AS partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Fosen Gjenvinning AScoreHermod Teigen AS is co-owner of Fosen Gjenvinning AS. Together the companies cover entire Norwegian coast for metal recycling operations.
- Kongsberg Samlesentral AScoreHermod Teigen AS is co-owner of Kongsberg Samlesentral AS. Partnership provides coverage in Kongsberg region.
- Vartdal Gjenvinning AScoreHermod Teigen AS is co-owner of Vartdal Gjenvinning AS. Partnership expands coastal coverage.
- Klepp Spesialtransport ASminorKlepp Spesialtransport AS was hired for a project in Dusavika. Described as a fantastic, positive, professional team to work with.
Scale indicators6 records
Recent moves10 records
Expansion highlights5 records
HERMOD TEIGEN AS competitors and assessment
Company assessmentBroad incumbents
- Stena Recycling: Sweden-headquartered recycling group with Norwegian operations in ferrous and non-ferrous scrap, hazardous waste, and industrial recycling. Direct overlap in metal recycling and lead-acid battery handling but with pan-European scale.
- Ragn-Sells: Major Scandinavian recycling group with Norwegian operations covering industrial waste, scrap, and circular-economy services. Comparable end-of-life vehicle and scrap metal processing activities but operates as a broad environmental services incumbent.
- Scholz Recycling: One of Europe's largest metal recyclers with operations across multiple countries; comparable ferrous and non-ferrous scrap processing, ELV handling, and downstream smelter relationships but at substantially larger scale.
- Remondis Scandinavia: German-headquartered environmental services group with Norwegian operations spanning metal recycling, hazardous waste, and circular economy solutions. Overlaps with Hermod Teigen on lead battery handling and metal processing.
- Norsk Gjenvinning: Norway's largest recycling and environmental services group operating across multiple waste streams including ferrous and non-ferrous scrap. Comparable as a direct competitor in Norwegian metal recycling, but with broader portfolio (paper, plastics, hazardous waste) and significantly larger scale than Hermod Teigen.
Direct peers
- H.J. Hansen Gjenvinning: Norwegian subsidiary of Danish H.J. Hansen Group focused on scrap metal collection, processing, and recycling for industrial and private customers. Highly comparable business model, customer segments, and product offering to Hermod Teigen.
- Metallco Norge AS: Norwegian metal recycler specializing in ferrous and non-ferrous scrap collection and processing for industrial customers and private individuals. Comparable regional footprint, customer mix, and product lines; competes directly in the same coastal Norwegian catchment.
Regional players
- Skrotas (UAB Skrodosa): Baltic-based scrap metal collection and trading company focused on non-ferrous and ferrous metals for export to European smelters. Different market geography (Baltics) but highly comparable transaction-based scrap trading business model.
Market position
Strengths5 records
Weaknesses2 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
HERMOD TEIGEN AS social profiles
Digital presenceHERMOD TEIGEN AS compliance and trust
Trust signalCompliance1 record
HERMOD TEIGEN AS financial estimates
Financial estimateRevenue estimate
Valuation estimate
HERMOD TEIGEN AS leadership team
Management profileNumber of profiles
Profiles6 records
HERMOD TEIGEN AS funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HERMOD TEIGEN AS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HERMOD TEIGEN AS
What does HERMOD TEIGEN AS do?
Hermod Teigen AS purchases and recycles all types of ferrous and non-ferrous metals (iron, steel, copper, brass, lead, zinc, aluminum, stainless steel) from industrial companies, farmers, and private individuals. It runs an approved vehicle scrapping service through Rogaland's only fragmentation plant in Egersund, achieving 95% recycling rates, and serves as an approved collection point for hazardous lead batteries from cars, boats, and tractors. Processed materials are sold as secondary raw materials to smelting facilities, with pricing tied to international commodity indices.
Is HERMOD TEIGEN AS a public or private company?
HERMOD TEIGEN AS is a private company. It is classified as family owned and is currently operating.
When was HERMOD TEIGEN AS founded?
HERMOD TEIGEN AS was founded in 1901. It employs 1 to 10 people.
Where is HERMOD TEIGEN AS based?
HERMOD TEIGEN AS is headquartered in Lierbyen, Viken, Norway, in the Europe region.
How does HERMOD TEIGEN AS make money?
Three revenue lines are on record. Metal Purchasing and Recycling is the primary driver. The others are vehicle Scrapping Services and lead Battery Recycling.
Who are HERMOD TEIGEN AS's main competitors?
Broad incumbents on record are Stena Recycling, Ragn-Sells, Scholz Recycling, Remondis Scandinavia and Norsk Gjenvinning. Direct peers are H.J. Hansen Gjenvinning and Metallco Norge AS. Skrotas (UAB Skrodosa) is listed as a regional player.
Does HERMOD TEIGEN AS have an API?
No public API is recorded for HERMOD TEIGEN AS.
What industry is HERMOD TEIGEN AS in?
HERMOD TEIGEN AS's product category is Metal Recycling Services. Its primary akta.pro industry code is EUAIAJAH, Scrap Collection, Brokerage & Trading (Dealers, Aggregators, Exporters), with a secondary code of IMAKAMAK, Scrap Metal Collection, Logistics & Aggregation (Yards, Roll-off, Container Programs). Its NAICS code is 42393 and its SIC code is 5050.