Business

Veolia plans to generate €1bn in annual revenues through plastics recycling by 2025

18.10.2017 − The French environmental services concern Veolia wants to quintuple its turnover from waste plastic recycling. It plans to increase plastics processing revenues – excluding collection and sorting – from €200m in 2016 to...» more

ADVERTISEMENT

Extraordinary items drive EMR's £155m statutory loss

10.10.2017 − European Metal Recycling Ltd. (EMR) saw statutory earnings tumble to a loss of £155m (ca. €174m) in 2016, but the result had been heavily influenced by extraordinary items. The concern made -£221m in provisions which...» more

Provisions weigh heavily on EMR's 2016 bottom line

09.10.2017 − European Metal Recycling Ltd. (EMR) has posted a statutory loss of £155m (ca. €174m) for the 2016 calendar year, but that figure reflects nearly -£200m in extraordinary items after tax. » more

PET recycler Poly Recycling sold to Resilux

04.10.2017 − The Swiss PET recycler Poly Recycling was sold on 1 October to the Resilux company. Resilux is a manufacturer of PET preforms and bottles and is Switzerland's largest purchaser of recycled PET. The packaging...» more

Chinese import ban: plastics recyclers see urgent need for common solution

29.09.2017 − Worldwide the waste plastics market is in a state of turmoil. The import restrictions announced by China this summer which are due to go into effect in 2018 are already creating a surplus of low quality plastic waste in...» more

Thyssenkrupp manager new Aurubis CFO

27.09.2017 − Rainer Verhoeven will be the new chief financial officer at Aurubis. Mr Verhoeven (48) will be joining the German copper manufacturer from Thyssenkrupp and take up his new post on 1 January 2018. He would likewise...» more

CNIM consortium "preferred investor" for Kuwait plant

15.09.2017 − A consortium consisting of the French plant builder CNIM and two Kuwaiti partners has been named the “preferred investor” for the planned Al Kabd waste-to-energy plant in Kuwait. » more

EEW sues after Gdansk contract award voided

14.09.2017 − The German company EEW is appealing a decision of the Polish Public Procurement Office overturning the result of the tender for building and operating a waste-to-energy plant in Gdansk, Poland. In taking legal action,...» more

Indaver head De Bruycker elected Cewep president

13.09.2017 − The Confederation of European Waste-to-Energy Plants (Cewep) has a new president. Indaver CEO Paul De Bruycker was elected to the post by the membership at its general assembly on Tuesday. » more

Growth in Séché's hazardous waste segment

07.09.2017 − Vigorous activity in the hazardous waste segment and acquisitions boosted both revenue and earnings in the first half for the French waste management company Séché Environnement. » more

British PVC recycling on the rise

06.09.2017 − The PVC industry's recycling scheme Recovinyl registered 120,392 tonnes of recycled PVC in the UK last year, a new record. The figure represented an improvement of 12 per cent on 2015 and accounted for just over 20 per...» more

Coca-Cola still far from its recycling goals

31.08.2017 − The beverage concern Coca-Cola continues to fall short of its own recycling targets for packaging material. Only around 59 per cent of the bottles and cans brought onto the market around the world last year could be...» more

Scholz "back on the right track"

29.08.2017 − The steel scrap recycling company Scholz and its American subsidiary Liberty Iron & Metal have generated revenues of around €700m in the first six months of 2017. Adjusted operating earnings amounted to €25m, according...» more

Sims Metal Management returns to profit

25.08.2017 − After a net loss in the hundreds of millions in the previous year, Sims Metal Management reported today net post-tax earnings of AUD203.6m (ca. €137m) for its fiscal year » more

British trade association opposes stricter contaminant limits for exports to China

23.08.2017 − A upper limit of 0.3 per cent contamination for secondary raw materials is "unrealistic", according to the UK's Recycling Association.» more

Dramatic thinning of Chinese plastics recycling market predicted

17.08.2017 − As much as 80 per cent of China's plastics recycling industry could disappear as a result of the country's planned ban on the import of plastic scrap, according to Steve Wong, managing director of Hong Kong-based...» more

Remondis completes TSR takeover

15.08.2017 − The metals recycler TSR is now wholly owned by Remondis. The German waste management concern has acquired the outstanding 20 per cent stake from the Italian steel group Alfa Acciai, according to industry sources.» more

Green light for glass recycling merger

09.08.2017 − The German Federal Cartel Office has granted approval to the Rethmann group to acquire the glass recycling activities owned by the Vanswartenbrouck family (VSB Group).» more

Change at the top of Sims Metal Management

04.08.2017 − Sims Metal Management Limited announced the departure of it managing director and group chief executive officer Galdino Claro and the appointment of Alistair Field as his successor. » more

Veolia plans Eurologistik acquisition

03.08.2017 − Veolia Umweltservice GmbH intends to acquire 100 per cent of the German Eurologistik group and its subsidiaries.» more

Incinerator contract award in Gdansk contested

02.08.2017 − Closure for the contract covering the construction and operation of a planned waste to energy facility in the Polish port city of Gdansk will be delayed.» more

Suez waste management operations see growth in Europe

27.07.2017 − The "encouraging trends" in Suez's European waste management division continued to hold, CEO Jean-Louis Chaussade reported at the release of the French environmental services concern's semi-annual earnings report today...» more

Number of recycled ELVs rises slightly in Switzerland

26.07.2017 − Some 76,100 end-of-life vehicles (ELVs) were scrapped in Switzerland last year, around 5,000 more than a year earlier. The total amount of light shredder residue generated at Swiss shredder plants climbed from 59,600 to...» more

BIR warns of "devastating effect" of Chinese import ban

20.07.2017 − The Bureau of International Recycling (BIR) is concerned that revenue losses in the billions of dollars and thousands of job losses could result from China's plans to ban the imports of specific waste materials. The...» more

PET recyclers troubled by input quality decline

19.07.2017 − "EPR schemes must urgently upgrade their sorting requirements to safeguard the proven quality of recycled PET from the bottle stream," according to Caspar van den Dungen, vice-president of the Plastics Recyclers Europe...» more

EEW to build €100m waste to energy plant in Gdańsk

17.07.2017 − EEW Energy from Waste has been tapped to build and operate an incinerator in the Polish city of Gdańsk. In an EU-wide call for tenders issued by the municipal waste management company ZUT (Zaklad Utylizacyjny Spólka z...» more

German incinerators import less RDF and mixed waste in 2016

13.07.2017 − The amount of refuse derived fuel (RDF) imported by German waste incinerator operators has fallen for the first time in years, according to new figures released by the German environment agency (UBA). The total amount...» more

Biffa acquires waste company in the North East of England

07.07.2017 − The British waste management company Biffa is to acquire the regional waste and recycling company O'Brien Waste Recycling Solutions Holdings Limited (O'Brien WRS) for a cash consideration of £35.2m (ca. €40m, £1 =...» more

Scholz gets €80m cash capital increase

03.07.2017 − The steel scrap recycling firm Scholz is getting an €80m capital injection from its new owner, Chiho Environmental Group Ltd. (CEG, formerly Chiho-Tiande Group). The cash capital increase would be used to repay a €59m...» more

Jean-Marc Boursier is FEAD's new president

26.06.2017 − Jean-Marc Boursier is the new president of FEAD, the European Federation of Waste Management and Environmental Services. The announcement was made at the annual general assembly of the European umbrella group in Paris...» more