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Articles from 2012 In August


Tom’s of Maine Partners with TerraCycle to Collect Packaging

Tom’s of Maine Partners with TerraCycle to Collect Packaging

Natural personal care products maker Tom’s of Maine is partnering with recycling firm TerraCycle Inc. to collect and divert from landfills the company’s and others’ packaging.

The Kennebunk, Maine-based Tom’s has launched Tom’s of Maine Natural Care Brigade to collect for free old toothpaste tubes and caps, mouthwash bottles and caps, deodorant/antiperspirant containers, plastic soap wrappers and floss containers, regardless of brand, the company said in a news release.

Consumers earn points for each piece of packaging collected and sent in. Those points can be put toward charity gifts or converted to cash and paid to any school or non-profit organization.  Any individual, family, group or school can join for free at TerraCycle.com and all shipping costs are pre-paid.

The consumer goods maker also has launched the Tom's of Maine Less in Landfills Sweepstakes, in which Brigade participants can earn $1,000 for the non-profit or school of their choice in conjunction with Trenton, N.J.-based TerraCycle. 

TerraCycle collects more than 50 different kinds of products and packaging through its Brigade programs, which are open to any individual or organization.

 

 

August 30, 2012 — Arrow Electronics Inc. will buy electronic waste and recycling company Redemtech for an undisclosed amount.

  • Buying Company: Arrow Electronics Inc. (Englewood, Colo.)
  • Selling Company: Redemtech (Columbus, Ohio)
  • Transaction Amount: Undisclosed
  • Asset Acquired: Entire company
  • Close Date: 8/30/2012
  • CEO: Paul J. Reilly

Arrow Electronics to Buy E-Waste, Recycling Firm Redemtech

Arrow Electronics Inc. will buy electronic waste and recycling company Redemtech for an undisclosed amount.

The Englewood, Colo.-based Arrow, which provides electronic products and services, will expand the company’s capabilities in electronics asset disposition (EAD) services with the purchase of Redemtech, the companies said in news releases.

The companies expect the deal to close in 60 days.

Columbus, Ohio-based Redemtech is a subsidiary of Micro Electronics Inc. Redemtech’s sales are expected to reach about $60 million this year, and the company employs approximately 400 in central Ohio; Reno, Nev.; and Richmond. Va.

"Arrow is investing to create a truly global EAD platform and we are excited to join that effort," said Redemtech president and founder Bob Houghton.

 “The acquisition of Redemtech further strengthens our industry-leading position in the EAD market and strategically expands our footprint and capabilities in this fast-growing market,” said Paul J. Reilly, executive vice president, finance and operations, and chief financial officer of Arrow Electronics.

Casella Loss Grows in First Quarter

Casella Loss Grows in First Quarter

Casella Waste Systems Inc. net loss grew in its fiscal first quarter as commodity prices weakened and landfill volumes declined.

The Rutland, Vt.-based Casella, which announced a restructuring plan earlier in August, said its net loss for the first quarter ended July 31 totaled $8.38 million, or 31 cents per common share, compared with $3.06 million, or 12 cents per share, in the year-ago period.

Revenue fell 4.7 percent to $121.2 million, compared with $127.2 million in the 2011 first quarter, Casella Waste said in a news release.

"During our first quarter recycling commodity prices weakened, and we continued to experience declines in special waste volumes at our western New York landfills mainly due to decreased Marcellus Shale drilling activity," said John Casella, chairman and CEO of Casella Waste Systems.

Casella said the company is taking the appropriate steps to improve, including its restructuring announced Aug. 10 that will reduce costs by $6.5 million. It also sold its waste-to-energy facility to the city of Biddeford, Maine.

Illinois Pegs Landfill Capacity Life at 23 Years

Illinois has 23 years of landfill life remaining, according to a new report by the state’s Environmental Protection Agency (EPA).

Landfill capacity grew by less than 1 percent in Illinois in 2011 from the previous year, according the Springfield-based agency’s news release. Illinois had more thanone billion gate cubic yards of landfill capacity in 45 landfills at the beginning of 2012. That reflects an increase of more than 2.8 million gate cubic yards from the year-ago period.

Illinois landfills accepted 46.2 million gate cubic yards of municipal waste in 2011. Of that amount, 6.1 million gate cubic yards were accepted at out-of-state landfills. That amount rose 2.3 percent from the previous year.

No landfills opened or closed during the year.

metal-recycling

Metal Recycling Firm Schnitzer Restructures, Cuts 300

Metal recycling firm Schnitzer Steel Industries Inc. is laying off 300 workers, or 7 percent of its workforce, in a restructuring move as the result of declining markets.

The Portland, Ore.-based company said in a news release on its outlook for the fiscal fourth quarter that export sale prices for ferrous metals have fallen $70 to $80 a ton from May levels, and scarp sales also slowed. Higher inventory costs as a result are expected to result in a $25 million negative impact to operating income compared with the third quarter, the company said, with two-thirds of the impact affecting its metal recycling business.

The Auto Parts business also expects a 15- to 20-percent decline in revenue, and its Steel Manufacturing business is anticipated to be below break-even for the year.

Schnitzer expects the restructuring to lower annual operating costs by $25 million and be complete by the first quarter of 2013. The company expects a restructuring charge of $12 million.

The company said the restructuring will further integrate the metals recycling and auto parts businesses, streamline corporate functions and reduce organizational layers. It will allow the firm to “extract greater synergies from the significant acquisitions and technology investments which we made in fiscal 2011 and realign our organization to support our future growth.”

 

 

Aluminum Can Recycling Rate Climbs to 65.1 Percent

The aluminum beverage container recycling rate climbed 7 percentage points to 65.1 percent in 2011, according to a new report.

That translates in 61 billion cans recycled in 2011, according to a news release from the Arlington, Va.-based Aluminum Association, the Washington-based Institute of Scrap Recycling Industries (ISRI) and the Can Manufacturers Institute (CMI), also based in Washington. The recycling rate was 58.1 percent in 2010.

A large share of the increase came from imports of used beverage containers. Imports in 2011 increased approximately 25 percent, emphasizing the need for improved recycling among U.S. consumers as well as the value of aluminum, the associations said.  Because of a high demand for recycled aluminum cans in the United States, the aluminum industry buys used containers from Mexico, Canadaand other countries.

"We are excited to have made strong progress toward our goal to increase the aluminum can recycling rate to 75 percent," said Heidi Brock, Aluminum Association president, "but we need the help of every American to continue to raise the rate. There is much more work still to be done here in the United Statesto reach our goal by 2015."

Republic to Recover Gas at Tennessee Landfill

Republic Services Inc. has agreed with Clean Energy Fuels Corp. to recover gas from its landfill in Millington, Tenn.

The gas from Phoenix-based Republic’s North Shelby Landfill will be used for multiple purposes, including as fuel for the waste and recycling company’s growing natural gas-powered fleet, the Seal Beach, Calif.-based Clean Energy said in a news release.

The companies expect production to begin by late 2013. They anticipate the plant to produce about 4 million diesel gallon equivalents of renewable natural gas during its first year of operation. It should steadily increase to more than 5.7 million diesel gallon equivalents annually during the first 10 years of operation.

Clean Energy’s subsidiary, Clean Energy Renewable Fuels, will build the high-BTU plant to process landfill gas. The gas may be compressed and distributed for a variety of different uses, including vehicle fuel and as renewable power or for other industrial use customers.  

The deal is the second of its kind between Republic and Clean Energy. The first was at Republic’s Sauk Trails Landfill in Canton, Mich. That landfill gas-to-energy (LFGTE) project is expected to come online in September 2012.

 

NRC, RONA Merge to Form New Recycling Association

NRC, RONA Merge to Form New Recycling Association

Two leading recycling organizations, the National Recycling Coalition Inc.(NRC) and Recycling Organizations of North America Inc. (RONA), have joined together to form a new national recycling association.

 The new association will be called the NorthAmerican Recycling Coalition Inc., according to a news release from both organizations. The two groups are drawing up a letter of agreement that will outline the steps toward a merger. The boards of both groups will then vote on the letter.

The new name uses the familiar NRC acronym while expanding the groups’ breadth. The state and provincial affiliations of both organizations will gain strength as a result of this merger, the groups said.

The group will determine the inclusion of RONA board members when legal issues are resolved.

The new association’s formation working group will continue to share information with members and fine tune the organization structure until a final agreement is adopted. “I am thrilled that we will now be moving forward with a unified voice for recycling,” said Mark Lichtenstein, president of NRC.

The NRC was a leading national recycling organization until it filed for Chapter 7 bankruptcy and ceased operations in 2009. At that time, RONA emerged as a new national recycling organization.

 

Waste Management Rejects Stock Offer by TRC Capital

Waste Management Inc. is recommending that its shareholders reject a “mini-tender offer” by TRC Capital Corp. to buy up to 3 million shares of company stock.

The Houston-based Waste Management said in a news release that Toronto-based TRC Capital was offering to buy up to 0.65 percent of outstanding common stock at $33 a share. That offer is 4.62 percent below Waste Management’s closing share price Aug. 20, the day prior to the offer, the waste and recycling company said.

“Waste Management does not endorse the offer and recommends against stockholders tendering their shares in response to this offer,” the firm said.