Business

Pennon completes sale of Viridor to investor KKR

08.07.2020 − The global investment firm KKR has completed the acquisition of British waste management company Viridor. KKR, which manages businesses in a variety of asset classes including energy, infrastructure and real estate,...» more

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New deal to stabilise AEB Amsterdam

03.07.2020 − AEB Amsterdam has reached a refinancing agreement with banks and the city of Amsterdam, which owns the waste treatment plant operator. AEB announced on Thursday that the city would be prepared to make €36m available in...» more

Covid-19: Revenues fall and one-off costs mount at Suez

02.07.2020 − The French environmental services group Suez is the latest business to report being heavily affected by the coronavirus crisis. In its Recycling & Recovery segment, the group expects revenues for the first half of 2020...» more

Euric calls for support for plastic recycling in Europe

17.06.2020 − Recent sharp drops in prices and demand for recycled plastics threaten the economic viability of many plastics recyclers across Europe.» more

Scholz plans to recycle ELVs and aluminium scrap in China

10.06.2020 − The German ferrous scrap recycler Scholz intends to expand its activities to the Chinese market. Together with China Hongqiao, one of the world's largest aluminium producers, Scholz intends to develop and operate a...» more

Focus shifts back to China as Covid-19 crisis fades

03.06.2020 − Recycling industry insiders expect that China will play a key role in markets for secondary raw materials in the wake of the coronavirus pandemic. But perhaps it will be a different role than before as multinational...» more

Derichebourg reports declines in sales and earnings

27.05.2020 − The French group Derichebourg expects its ferrous and non-ferrous metals recycling business to recover by autumn, at the earliest. Activity levels have made good progress since bottoming out at the beginning of April....» more

Recylex's fate hangs on the continued operation of Nordenham smelter

22.05.2020 − The future of the financially strapped Franco-German metal group Recylex is tightly linked to the fate of the German subsidiary Weser-Metall GmbH and its lead smelter in Nordenham, Germany. "Recylex S.A.'s capacity to...» more

PRE: State support necessary to ensure survival of plastics recycling

18.05.2020 − Recycling must be included among the sectors supported in the recovery plans being drafted by the EU and its member states, says Plastics Recyclers Europe. » more

Recylex applies for protective shield procedures for German operations

14.05.2020 − The Recylex Group has applied for creditor protection under German law for its subsidiaries Weser-Metall GmbH, Harz-Metall GmbH, Norzinco GmbH and PPM Pure Metals GmbH. » more

Alpla doubles PET recycling capacity in Poland

12.05.2020 − Austria’s Alpla group started up a second PET regranulation line in Poland at the beginning of May. The new line doubles capacity at the subsidiary PET Recycling Team in Radomsko from 15,000 to 30,000 tonnes a year of...» more

KKR has received EU clearance for Viridor take-over

12.05.2020 − The European Commission's Competition Directorate-General sees no obstacles to the sale of the British waste company Viridor to the private equity firm KKR.» more

Veolia reports slight uptick in waste management revenues

07.05.2020 − The waste division of the French environmental services group Veolia generated worldwide revenues of €2.47bn in the first quarter of 2020. This is a slight increase of 0.6 per cent.» more

Aurubis-Metallo merger given go-ahead by EU Commission

05.05.2020 − The suspense surrounding the Aurubis-Metallo takeover deal is over. On Monday, the EU Commission gave its approval for the acquisition of the Belgian-Spanish Metallo group by the primary and secondary copper producer...» more

Suez reports decline in first-quarter earnings

30.04.2020 − Suez's waste management activities were the group's business area most heavily hit by the fallout of the Covid-19 pandemic in the first quarter of 2020. » more

Remondis to acquire Veolia sites in West of Germany

29.04.2020 − The German waste management giant Remondis intends to acquire sites which have been put up for sale by competitor Veolia Umweltservice West GmbH. » more

IFAT 2020 cancelled

23.04.2020 − There will be no IFAT in 2020. The trade fair for environmental technology and services, held every two years in Munich, Germany, has become the latest victim to the coronavirus crisis. » more

Remondis / DSD deal: Court rejects Remondis' appeal

22.04.2020 − The Düsseldorf Higher Regional Court has upheld the decision of the German competition authority barring waste group Remondis from taking over the packaging compliance scheme Duales System Deutschland (DSD).» more

Indian recyclers still face fees for imports
stuck in ports due to Covid-19 lockdown

21.04.2020 − Indian recyclers continue to struggle as secondary raw material imports get bogged down in ports and shipping companies fail to waive charges for delayed freight removal as advised by the government.» more

Scholz 2019 figures reflect lower demand and falling prices

15.04.2020 − The German ferrous and non-ferrous metals recycler Scholz posted lower revenue and earnings figures for 2019.» more

BIR calls on governments to recognise recycling industries as essential activities

03.04.2020 − The Bureau of International Recycling (BIR) urges governments to formally recognise that recycling operations are essential businesses as they serve to protect human health and the environment.» more

Sims completes sales of e-scrap recycling activities to TSR

02.04.2020 − Remondis subsidiary TSR now owns a large share of Sims' e-waste business in Europe. Sims announced that the transaction had been concluded and was effective 30 September 2019. » more

Umbrella bodies call for Europe-wide recognition of recycling and waste industry’s key role

25.03.2020 − The umbrella organisations Euric and FEAD call on decisionmakers across Europe to recognise the essential role of the recycling and waste management industry in protecting human health and the environment and in...» more

Pennon to sell Viridor for £4.2bn

19.03.2020 − British waste management company Viridor is to be sold for £4.2bn to investment funds managed by Kohlberg Kravis Roberts & Co. L.P. (KKR). Viridor's parent company Pennon announced on Wednesday that it had entered a...» more

Stainless steel recycler ELG could be sold

18.03.2020 − The conglomerate Franz Haniel & Cie is weighing the disposal of its stainless steel recycling subsidiary ELG. As part of a strategic reorientation, options including "possible sales scenarios" are to be explored. » more

ARN sells "fluff" processing plant to Remondis subsidiary

16.03.2020 − The Dutch end-of-life vehicle recycling organisation ARN is divesting its processing plant for automotive shredder residue.» more

IFAT Munich rescheduled for September

12.03.2020 − IFAT organisers, Messe München, decided Wednesday night that the trade fair will be postponed and will not go ahead as scheduled from 4 to 8 May. » more

Covid-19: PRSE in Amsterdam postponed

11.03.2020 − The Plastics Recycling Show Europe (PRSE) is being postponed due to the spread of the novel coronavirus, organisers announced on Wednesday. » more

EU steel scrap exports hit new record in 2019

10.03.2020 − The European Union member states exported a total of 21.8 million tonnes of steel scrap, with a value of €6.0bn, to countries outside the EU (third countries) last year. According to newly released provisional figures...» more

IFAT to go ahead as planned, for now

05.03.2020 − Despite the cancellation of other major events due to concerns surrounding the spread of Covid-19, the Messe München still plans to hold the IFAT trade fair as planned, a spokesperson told EUWID on Tuesday. The event,...» more