AADCO Signs Major Automobile Recycling Contract.(with Meloche Monnex)(Brief Article)

AADCO Industries.com Inc. said it has signed a comprehensive automobile insurance salvage contract with Meloche Monnex, the second largest direct response insurer in Canada. The agreement, which reflects AADCO's strategy to establish a leadership position in the automotive recycling and used parts market, will increase the company's annual flow of vehicles to 10,500 from 4,000, the company said.

AADCO said, on average, each recycled vehicle creates 500 pounds of automotive shredder residue (ASR) that generally ends up in landfills. With the North American market exceeding 12 million vehicles per year, six million new pounds of ASR are produced annually and AADCO plans to dismantle, reuse and recycle up to 96 percent of a vehicle.

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