Chiho Environmental's 2024 Annual Report Shows Weaker Recycled Sales and Narrowed Asian Losses

Chiho Environmental Group's 2024 annual report showed weaker recycled-product sales as soft European demand and high German energy costs pressured performance, with Asian operations remaining loss-making though losses narrowed. The future of trading reported the results on October 25, 2026.

Chiho Environmental's 2024 Results and Scholz Exit

Chiho Environmental is a Hong Kong-headquartered recycling group founded in 1995, with a headcount range of 5,001 to 10,000 and a valuation estimate of $250 million to $500 million, according to akta.pro company records. The 2024 annual report showed weaker recycled-product sales, with soft European demand and high German energy costs weighing on performance. Asian operations stayed loss-making, though losses narrowed despite lower sales volumes.

The group lost control of European recycler Scholz Recycling on May 14, 2025, leaving operations primarily focused on Asia. Receivers completed Scholz's sale to Derichebourg SA on July 31, 2026, and the proceeds fully discharged obligations under the defaulted loan facility. Net sale proceeds of $334.2 million reached the group in September 2026.

Derichebourg, a French environmental services group and leader in metal waste recycling, finalized the acquisition of German industrial company Scholz Recycling, one of the major players in metal recycling in Europe, Les Echos reported. Auto Recycling World reported that Derichebourg completed its €480 million acquisition of Scholz Recycling on 31 July, creating one of Europe's largest metal recycling groups, with Scholz's €1.6 billion turnover and 3,500 employees adding scale across Germany and Central Europe.

Scholz Recycling's European Partnerships

Scholz Recycling signed a Letter of Intent with European automotive parts recycler Autocirc in July 2024 to establish a strategic partnership expanding European end-of-life vehicle and recycled parts market reach, the same records show. In November 2023, Scholz Recycling signed a long-term cooperation framework agreement with Voestalpine to supply recycled steel raw materials supporting Voestalpine's Greentec steel decarbonization strategy in Austria and surrounding markets. The records also list more than 240 processing plants and yard operations, with over 180 sites in Europe alone, across Germany, the Czech Republic, Slovenia, Austria, Poland, Romania, Hungary and the Netherlands, and 3.8 million tonnes processed and sold in 2022.

Derichebourg's Notes Redemption

Derichebourg announced redemption of its €300 million 2.25% senior notes due 2028, Simply Wall St reported. The stock trades below a fair value estimate of €10.26, with a 34% year-to-date gain and an 82% one-year total shareholder return.