The 43rd conference of the International Precious Metals Institute took place from June 15th to June 18th in Reno, Nevada. This year, there was a very special occasion for Hensel Recycling, as Oliver Krestin, one of Hensel Recycling’s Managing Directors, was appointed as the President of the prestigious Precious Metals Association.

The committee unanimously placed their trust in Krestin to represent the institution’s interests for the next year. He was already appointed as Vice-President last year and has been an officer of the European Chapter of the IPMI since 2016.

“I have been working in the precious metals industry for more than 27 years. That’s why I’m so pleased to hold the office of IPMI President for a year and to be able to contribute my experience and know-how even more intensively,” says Oliver Krestin.

The association offers an international platform for companies, research institutes and experts to exchange information on current trends in the branch and to work together on developments and solutions for the future. Particularly in the last two years, a range of changes and restructuring measures have been carried out in order to allow advantageous positioning for the future.

“My aim is to press ahead with the new structures and to further consolidate the IPMI’s leading position in the precious metals industry,” emphasised Krestin in his speech, “because precious metals are an important part of our everyday lives. From environmental technologies, such as catalytic converters containing precious metals, which are now being replaced with platinum-coated fuel cells, to cancer treatments which use platinum. This means it is even more important to offer all market players a comprehensive network, such as the IPMI, in order to work together to guarantee the sustainability of the precious metals industry.”

Clemens and Thomas Hensel, managing partners of Hensel Recycling, together with the whole of the Hensel Recycling family, would like to congratulate Oliver Krestin on this important appointment and wish him every success in his new function.

About Oliver Krestin:

Oliver Krestin began his career in the precious metals branch in 1992. After his training and studies at the Bertha Heraeus Business School, he was employed as a Sales Representative Precious Metals Refining at Degussa AG until 1999. He then held various positions in the field of Business Development and Sales at DEMET – Deutschen Edelmetall Recycling AG, before moving to Johnson Matthey in 2003. Here, he assumed responsibility for the positions of Sales Manager Europe and Product Manager Global Autocatalyst Recycling for five years. Since 2008, Oliver Krestin has been employed by the precious metals recycling company Hensel Recycling – initially as a Business Development Manager and Executive Vice President; he was appointed a Managing Director in 2013.

About the International Precious Metals Institute (IPMI)

IPMI is one of the most important associations in the precious metals industry. Founded in 1976, it was initially a network of professors from prestigious universities such as Cornell, NYU, Columbia, Brooklyn Polytechnic, MIT et cetera, which then developed into today’s institute. The association’s aim is to collect sound information on all aspects of precious metals (gold, silver, platinum, palladium, rhodium, ruthenium, iridium and osmium), and to consolidate and pass on this information. The members of the association include businesses and universities which deal with precious metals – from mines and mining companies, banks, precious metal traders or financial service providers, refineries, recycling companies to companies from the pharmaceutical and biomedical branches, the car industry or the electronics industry.

About Hensel Recycling

The Hensel Recycling Group, based in Aschaffenburg, has been one of the world’s leading precious metal recycling companies since 1998. With more than 240 employees in nine countries, the company group offers its customers a complete spectrum of services for all aspects of recycling products containing precious metals, such as catalytic converters, lambda sensors, electronic control units and circuit boards. Further information can be found at: