Our Vision
Zeme will become the leading green aluminium recycling facility in Cyprus, adding value to our shareholders, while serving the principles of the circular economy and environmental sustainability, local community impact, and good corporate governance.
Our Vision
Zeme will become the leading green aluminium recycling facility in Cyprus,
adding value to our shareholders, while serving the principles of the
circular economy and environmental sustainability, local community impact, and good corporate governance.
What We Do
Zeme has established a state-of-the-art system of aluminium recovery, recycling, processing and trading of aluminium alloys. The Company production facility, the first of its kind in Cyprus, is located in the Ypsonas Industrial Area in Limassol.
The energy required to convert aluminium scrap to specialized aluminium alloys using Zeme’s energy-efficient system is less than 5% of the energy required for primary aluminum production. The system is used to manufacture low volume, high value sustainable specialist alloys from segregated feedstock (1 to 3 tons per hour per equipment). Zeme is therefore not competing with market participants, manufacturing large batches (typically 50 to 100 tons) in big crucibles and who have developed their business models based upon large volume throughput.
Zeme will be able to produce low volume orders for specialist alloys on an on-demand basis, allowing the Company to address ad hoc and rapidly evolving requirements of the marketplace.
Zeme will produce in-demand end products efficiently
The Company’s business model focuses on scrap aluminium in all forms (including everything that traditional smelters cannot handle like aluminium foils). The collected scrap aluminium will be segregated into individual alloys on receipt by using specialist X-Ray diffraction analysis equipment.
The market for aluminium alloy production and sale is global, efficient, and competitive. Zeme will produce in-demand end products efficiently, in an eco-friendly manner, and achieve significant savings, which can be shared with the end user.
Sustainability
Our Commitment
We aim to produce sustainable shareholder value, while contributing to the UN’s Sustainable Development Goals and national objectives related to sustainable industrialisation, including adopting “cleaner” and environmentally sound technologies and industrial processes.
We are committed to contributing to increasing the share of renewable energy (solar) in the energy mix and to increasing energy efficiency at all levels of our manufacturing processes.
We contribute to the economic development of Cyprus, and we promote safe working conditions for all employees without discrimination.
Board of directors
Peter G. Economides
Executive Chairman
Peter is an investor in Zeme and since January 2022, he took over as the Company’s Executive Chairman, leading the Company’s strategic, business and financial management.
Peter is a Fellow Chartered Certified Accountant. He has more than 50 years of experience in international tax planning and trusts and has practiced both in Cyprus and the UK. Peter contributes articles regularly in the international professional press and lectures on international tax planning and trusts.
He is a member of the International Tax Planning Association, member of the Society of Trust and Estate Practitioners (STEP), the Founder of STEP Cyprus and a member of various other international accounting, tax and trusts associations.
Peter is the Honorary Consul of Cape Verde in Cyprus.
Rona Drousiotou
Non-executive Director
Rona is a Manager at various companies and she is engaged in top management, research and business strategy projects, with many years’ experience in finance and related fields.
She holds a Bachelor in Business Administration from Serres University, two Master Degrees in the fields of International Business Management and International Hotel Management from Surrey University and a PhD in Information Systems, Computing and Mathematics from Brunel University.
She is skilled in Business Strategy, Business Planning, Management, Analytical Skills, Research and Eye Tracking analysis.
She is also on the board of directors of a major technology company.
Kyriacos Iacovides
Non-Executive Director
Kyriacos Iacovides is the Managing Editor of the Cyprus Mail newspaper, a post he has held for more than 30 years. He has a degree in economics and has served as a director on several companies, including Hellenic Distribution Agency, a press distributor, and SP Sunpower, which dealt with RES. He is currently a director of Mitico, a property management company. He was also for many years a member of the Cyprus Publishers’ Association.
Steve Whitehouse
Non-Executive Director
Steve has a First Class Honours Degree in Engineering from Nottingham and became chartered in 1993. He has been involved in management of complex engineering projects for over 30 years and is a Director of several companies.
Steve leads and is the secretariat of the Non Ferrous Alliance, a UK Trade Body which promotes the interests of the Non Ferrous Metal Sector to the Government and Regulators.