Millionaire Made His Money Recycling In China

In the world news recently for his outlandish bid to buy the New York times, Colourful Chinese millionaire Chen Guangbiao built his fortune through his recycling company, Huangpu Renewable Resources Utilization Group. He began his entrepreneurial ways early in life, selling water to a nearby village. After several small business ventures he founded his recycling company following the demolition of a stadium in Nanjing.  As he was not paid for the demolition he looked for a way to make it pay and sold the used iron and concrete to turn a profit.  The iron was sold to iron and steel companies for recycling and the cement blocks were turned back into concrete by mixing with water, cement and sand. Discovering that all construction waste could be transformed into at least seven types of building materials, such as landfill, red brick and building blocks Chen recognised an opportunity.  China produces 2 billion tons of construction waste, a rich market for recycling.

Chen has never forgotten his humble beginnings in a village and is a major Philanthropist, providing relief aid to Japan’s earthquake-tsunami affected areas, flooded areas of Pakistan and earthquake affected Sichuan province in China. Flamboyant and a lover of publicity, Chen has staged publicity stunts like selling “canned air” in Beijing to raise awareness about the environment.

James Paul Whelan started small too on the other side of the world, in Melbourne in 1892. Beginning with a cartage company he also moved into the demolition business, selling second hand materials from the sites. His company, Whelan The Wrecker, became a famous icon in Melbourne. Over the years the company grew, acquiring other businesses including Mini Skips.  Now a national company and still run by the Whelan family, Kartaway runs public recycling depots and hires skips and bins. The Adelaide branch has a recycling depot in Virginia Rd, Newtown, Campbelltown. Clean, affordable and easily accessible the Depot can recycle most waste and is conveniently open 7 days.

Kartaway Adelaide also services the building trade, restaurants, body corporates, educational facilities and shopping malls with customised waste management plans.

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