SiPi Metals Corporation was founded in 1905 and now employs more than 150 people and generates approximately $80 million in annual sales. The company has interest in the refining of precious metal scrap generated in the electronics, chemical, photographic and aerospace industries. SiPi Metals also refines scrap for the defense and military industry. The company specializes in the treatment of large quantities of scrap, which are heavily contaminated with fiberglass, plastic and precious metals such as gold, silver and platinum. Sipi Metals has the capacity to treat 2,000 tons per month and will return gold and silver remains in the scrap to the company or pay for the metals at world market prices.