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Sims Metal Management looking to expand

business into adjacent environmental markets

(AUS) – Sims Metal Management has unveiled its growth strategy for the period until the end of 2025 and beyond. The recycling company, which has operations around the globe, intends to deliver growth in its ferrous and non-ferrous scrap... more

Sims MM seeks to enter the waste to energy market

(AUS) – Sims Metals management plans to build and operate a total of seven energy recovery plants over the next ten years. About three quarters of the input material is to consist of automotive shredder residue (ASR) or "fluff"... more

Schnitzer Steel’s earnings

tumble in financial first half

(USA) – The US recycling company Schnitzer Steel has ended the first half of its 2018/19 business year with substantially lower earnings. The operating result for the period between September and February stood at just under $60m, some 30... more

German competition authority plans

to block takeover of DSD by Remondis

(UK) – The German Federal Cartel Office is minded to prohibit Remondis’ planned takeover of the Green Dot company DSD. The Bonn-based competition authority laid out its initial take on the merger that was heavily criticised by both... more

European WEEE recyclers face higher costs

tied to fires ignited by lithium batteries

(EU) – E-waste recyclers are increasingly confronted with fires caused by defective high-energy batteries, in particular lithium batteries. However, the majority of the companies is not able to recoup the resulting higher costs for... more

Equipment supplier Erema

sets new annual sales record

(A) – Riding high on the strong international demand for plastics recycling equipment, Austrian engineering firm Erema posted record sales of €180m in its 2018/19 financial year, up by 16 per cent compared to the prior year. Half of... more

ELG posts higher revenue and lower

earnings in difficult market environment

(D) – ELG Haniel fell well short of its earnings forecast in 2018. The stainless steel recycler, which operates at 53 locations worldwide, saw sales revenues rise by 7 per cent €1.81bn due to higher average commodity prices. However,... more

Babcock & Wilcox fends off early April default

with last minute loan from shareholder

(USA) – The US steam generation technology company Babcock & Wilcox Enterprises has continued its plunge into the red. In its 2018 annual SEC filing submitted early this month, the company reported a consolidated net loss of $725m... more

CNIM in take-over talks

with Cometal France

(F) – The plant engineering company CNIM has opened exclusive take-over negotiations with the shareholders of the company Cometal France amd expects to close the transaction in the current quarter. According to CNIM, Cometal France... more

FCC Environment and CIP to build energy

from waste plant at British Tata Chemicals site

(UK) – The British waste management firm FCC Environment and the Danish investment company Copenhagen Infrastructure Partners (CIP) have announced plans to go ahead with a £480m (ca. €560m) waste to energy plant to be built in... more

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