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Article archive

Suez reports strong first quarter for

its waste management activities

(F) – Higher prices for secondary raw materials and treatment services significantly boosted Suez’s waste management revenues in the first quarter of 2021. According to the quarterly earnings statement released last week, revenues... more

Remondis seeks to buy stake in "new Suez"

(D, F) – Remondis, Germany’s largest waste management company, is looking to acquire a holding in the Suez activities to be resold after the group’s takeover by competitor Veolia. Remondis board chairman Ludger Rethmann... more

Veolia, Cleanaway issue

updates on Suez take-overs

(F, AUS) – Veolia expects the public offer for its competitor Suez to be finalised by the autumn, the French environmental services group announced in an update last week. Its expectations with regard to the timeline are based in part on... more

Stena Metall reports strong first financial half

(S) – "The first six months of the 2020/21 financial year have been very good for the Stena Metall Group and are the strongest start to a fiscal year so far," group CEO Anders Jansson reported in the company’s... more

Platinum Equity in exclusive

negotiations to buy Urbaser

(US, E) – The US financial investor Platinum Equity is the last potential buyer remaining in the bidding for the Spanish waste and environmental services company Urbaser. The private equity firm was now in exclusive talks on a takeover,... more

After two loss-making years, Alba SE

expects Ebit to turn positive in 2021

(D) – In 2020, the publicly listed group Alba SE was in the red for the second year in a row due to the adverse effects of the Covid-19 pandemic and additional restructuring expenses. However, the loss was not as large as had been... more

Alba Group to collect WEEE in Singapore

(SG) – Alba Group has won a new contract to set up and operate a collection scheme for waste electrical and electronic equipment (WEEE) in Singapore. The city-state’s National Environment Agency (NEA) had given Alba the nod after... more

Haniel officially announces plans to divest

stainless steel recycler ELG in near future

(D) – It is now official: German conglomerate Franz Haniel & Cie. has launched the process to divest its stainless steel recycling subsidiary ELG. In its annual report released in mid-April, parent company Franz Haniel said ELG had... more

Sims revises full-year forecast after strong third fiscal quarter

(AUS) – The US-Australian metals recycling company Sims Limited has reported increased intake volumes and improved margins since the end of its financial first half and now expects to post underlying earnings before interest and tax... more

European Commission clears

Aurubis/TSR cable recycling JV

(EU) – The EU Commission has approved the creation of a joint venture by the primary and secondary copper producer Aurubis and the metals recycler TSR, a subsidiary of Remondis, Germany’s largest waste group. The joint venture will... more

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