U.S. largest mobile phone recycler sets foot in HK

US-based ReCellular Inc announced Tuesday the opening of its regional office in Hong Kong because of the city's strategic location and its position as Asia's huge and growing mobile phone user market.

ReCellular's Hong Kong office is responsible for the evaluation of purchased mobile phone products, parts and components produced or sourced in the region in its product evaluation laboratories. It also supplies mobile phones to refurbishers and repairers as well as conducting other sales functions.

The founder, Chief Executive Officer and President of ReCellular Inc, Charles Newman noted that Hong Kong's proximity to the Chinese Mainland market - the fastest growing telecommunications market in the world - places the company in a good position to take advantage of this very attractive opportunity.

He said, "According to official reports, China has the largest number of mobile phone subscribers of any nation in the world - over 380 million. We look forward to developing a strong strategic base here, one that will become a significant source of our business growth."

Founded in 1991, Michigan-based ReCellular Inc is a global leader in collecting, reselling and recycling used wireless phones and accessories. It is the largest company in this market and currently processes over 300,000 phones per month.

Source: Xinhua